Barclays raised the firm’s price target on Shake Shack (SHAK) to $102 from $100 and keeps an Overweight rating on the shares following Q1 results that were “disappointing” on top. The firm added that margin expansion was “impressive” and while the April comp was negative, green shoots are emerging. Barclays said it expects share to ultimately outperform in 2025.
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Read More on SHAK:
- Shake Shack price target raised to $134 from $131 at Truist
- Shake Shack sees DD total revenue, adjusted EBITDA growth over 3 years
- Shake Shack sees FY25 total revenue $1.4B-$1.5B, consensus $1.45B
- Shake Shack sees Q2 total revenue $346M-$353M, consensus $355.62M
- Shake Shack provides three-year financial targets