Morgan Stanley on Shake Shack (SHAK): 'a transition period next year should also ensure a smooth handoff'

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Go back to Morgan Stanley on Shake Shack (SHAK): 'a transition period next year should also ensure a smooth handoff'

Truist Securities on Shake Shack (SHAK): 'Shaking Up Leadership a Positive for the Stock'

December 11, 2023 9:48 AM EST

Truist 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

Shake Shack (SHAK) Announces CEO Retirement; Updates Guidance

December 11, 2023 8:01 AM EST

Shake Shack Inc. (NYSE: SHAK) today announced that Randy Garutti, the Companys Chief Executive Officer, has informed the Board that, after more than two decades in the Company, he will retire in 2024 upon the selection of his successor. Mr. Garutti shared a letter to his team that is viewable here:... More