As previously reported, Guggenheim initiated coverage of Shake Shack (SHAK) with a Buy rating and $120 price target. Shake Shack trades at a discount to Chipotle (CMG) despite a stronger growth algorithm and longer runway for continued store growth expansion, says the analyst, who calls the company “a margin self-help story” with near-term same-store sales growth upside.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHAK:
- Shake Shack initiated with a Buy at Guggenheim
- Shake Shack price target raised to $100 from $95 at JPMorgan
- Shake Shack price target raised to $117 from $110 at Deutsche Bank
- Midday Fly By: CoreWeave inks Anthropic, TSMC reports March sales bump
- Nike downgraded, IBM initiated: Wall Street’s top analyst calls