CEO Randy Garutti to Retire from Shake Shack in 2024
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Morgan Stanley on Shake Shack (SHAK): 'a transition period next year should also ensure a smooth handoff'
December 11, 2023 9:59 AM ESTMorgan Stanley analyst Brian Harbour reiterated an Equalweight rating and $64.00 price target on Shake Shack (NYSE: SHAK).
The analyst comments "The end of an era for SHAK, with Garutti having been there at inception almost two decades ago and leading the company for its entire public life, from a small kiosk in New York to national fast casual brand. Certainly the work has changed... More
Truist Securities on Shake Shack (SHAK): 'Shaking Up Leadership a Positive for the Stock'
December 11, 2023 9:48 AM ESTTruist Securities analyst Jake Bartlett reiterated a Buy rating and $85.00 price target on Shake Shack (NYSE: SHAK).
The analyst comments "We view the announced retirement of long-time CEO, Randy Garutti, as a positive for the stock, given the potential for a leadership change to... More
