Shake Shack (SHAK) Tops Q3 EPS by 1c, Offers FY16 & FY17 Guidance

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Jefferies Reiterates Hold on Shake Shack (SHAK) Following Solid 3Q

November 10, 2016 9:05 AM EST

Jefferies reiterated a Hold rating on Shake Shack (NYSE: SHAK), and raised the price target to $38.00 (from $36.00), following the company's 3Q earnings report. SHAK reported EPS of $0.15, a penny above the consensus estimates. RLM missed consensus by 70 bps on in-line food costs and higher labor.... More