Truist analyst Jake Bartlett raised the firm’s price target on Shake Shack (SHAK) to $134 from $131 and keeps a Buy rating on the shares following Q1 results and solid guidance. The firm continues to view Shake Shack as relatively well positioned in the current environment with sales drivers, margin drivers and development drivers. Trading at a near all-time low multiple on its 2026 estimates, Truist sees significant upside to the shares.
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Read More on SHAK:
- 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
- Shake Shack Reports Strong Q1 2025 Financial Results