The upgrade comes after the firm's checks that indicated first quarter same store sales growth and potential for same store sales growth and margin improvement in the second half of the year.
Wedbush changed its price target on the company to $41 from $31.50.
(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)
This story has been updated from its original publish time of 9:24 a.m.