Jefferies Remains Sidelined on Shake Shack (SHAK) Following 1Q

Jefferies maintained a Hold rating and $40.00 price target on Shake Shack (NYSE: SHAK) following the company's 1Q earnings report.

Analyst Andy Barish commented, "SHAK continues to display very powerful operating metrics across all key areas and defy the difficult, competitive operating environment seen in most sectors, even fast-casual. This unique "fine-casual" brand beat on sss, margins, EPS and EBITDA and raised full year guidance. We do the same, going to EBITDA of $38/55mm for '16/'17 (from $36.6/49mm) and believe conservativeness may still be in model. We continue at Hold."

For an analyst ratings summary and ratings history on Shake Shack click here. For more ratings news on Shake Shack click here.

Shares of Shake Shack closed at $34.26 yesterday.

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