Shake Shack price target lowered to $125 from $140 at BTIG

BTIG lowered the firm’s price target on Shake Shack (SHAK) to $125 from $140 and keeps a Buy rating on the shares. The company continued the trend seen from most restaurants this quarter, with choppy and pressured results amid a volatile sales environment, while its comparable sales came in much weaker than expected at 0.2% despite guidance in the third week of February, with adverse weather, economic uncertainty, and lower tourism seen as the culprits, the analyst tells investors in a research note.