Shake Shack price target lowered to $100 from $105 at JPMorgan

JPMorgan lowered the firm’s price target on Shake Shack (SHAK) to $100 from $105 and keeps an Underweight rating on the shares. The firm views the shares as fully valued compared to Shake Shack’s high growth peers. JPMorgan is cautious of the company’s premium price points where options are “abound.”