Shake Shack Announces First Quarter 2021 Financial Results
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Shake Shack (SHAK) PT Lowered to $85 at Stifel
May 7, 2021 10:14 AM EDTStifel analyst Chris O\'Cull lowered the price target on Shake Shack (NYSE: SHAK) to $85.00 (from $90.00) while maintaining a Hold rating.
The analyst commented, "SHAK reported results below investor expectations last night, with stronger nominal SRS resulting in revenue underperformance, coupled with... More
Shake Shack (SHAK) Tops Q1 EPS by 13c
May 6, 2021 4:09 PM EDTShake Shack (NYSE: SHAK) reported Q1 EPS of $0.04, $0.13 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $155.3 million versus the consensus estimate of $161.9 million.
Randy Garutti, Chief Executive Officer of Shake Shack, stated, Spring has ushered in a great energy around the country and in our hometown of New York City. With COVID cases stabilizing and more regions steadily loosening restrictions, we are optimistic that improving trends can continue for our industry."
Garutti continued, In the first... More
