The recent pullback in Shake Shack (SHAK) shares following the Q2 results creates a compelling entry point, Raymond James tells investors in a research note. The firm, which has a Strong Buy rating on the shares, says company-specific comp drivers can sustain solidly positive comps, and sees further upside on margins driven by new processes, equipment, and increased accountability and focus across the organization.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHAK:
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories!
- Shake Shack (SHAK) Launches New Premium Menu Items in Bid to Attract Customers
- Shake Shack to open 15 stores in Vietnam by 2035
- Shake Shack’s Earnings Call Highlights Growth and Expansion
- Shake Shack price target raised to $162 from $160 at Truist