** Analysts at Morgan Stanley say Guzman y Gomez has more areas to growth comparable sales as compared to its market peers as an early quick service restaurant operator

** Brokerage forecasts the Australian fast food chain's comparable sales growth of 7.5% per annum over the next three years

** The sales growth estimate is above the industry's and higher as compared to 1%-3% for established operators like pizza maker Domino's and restaurant business Collins Food

** MS reiterates "overweight" rating on stock with co's brand resonance and offering to customers strong and growing

** Early stage QSR companies like GYG present a superior outlook for growth, says brokerage

** GYG earlier in the month posted total first-quarter network sales of A$278.8 mln ($186.66 mln) and said comparable sales growth at its Australia segment was better than expected

** GYG ended Thursday at A$38; brokerage has a PT of A$38.5 for stock

($1 = 1.4937 Australian dollars)

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com))