Shake Shack (SHAK) PT Lowered to $35 at Barclays on 1Q Report; 'Comp Shortfall'
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Price: $58.66 +0.57%
Rating Summary:
18 Buy, 16 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
Rating Summary:
18 Buy, 16 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
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Barclays lowered its price target on Shake Shack (NYSE: SHAK) to $35.00 (from $38.00) while maintaining a Equalweight rating, following the company's first quarter earnings report.
Analyst Jeffrey Bernstein notes the company reported adjusted EBITDA and earnings per share figures in-line with consensus estimates, while beating projections on revenue, despite disappoint comp growth numbers.
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