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.
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Read More on SHAK:
- Shake Shack Reports Strong Q1 2025 Financial Growth
- Shake Shack’s Earnings Call: Record Revenue and Strategic Growth
- Shake Shack: Buy Rating Affirmed Amid Growth Potential and Menu Innovations
- Shake Shack price target raised to $102 from $100 at Barclays
- Shake Shack price target raised to $134 from $131 at Truist
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