Shake Shack (SHAK) Tops Q1 EPS by 2c, Guides

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Shake Shack (SHAK) PT Lowered to $35 at Barclays on 1Q Report; 'Comp Shortfall'

May 5, 2017 12:41 PM EDT

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... More