Raymond James Reiterates Strong Buy Rating on Shake Shack (SHAK)
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Shake Shack (SHAK) Provides Fourth Quarter 2024 Business Update and Long-Term Targets
January 13, 2025 7:05 AM ESTShake Shack Inc. (Shake Shack or the Company) (NYSE: SHAK) announced preliminary unaudited results for the fiscal fourth quarter and fiscal year ended December 25, 2024 ahead of presenting at the 27th Annual ICR Conference today in Orlando, Florida. The Company also provided an updated outlook on its long-term targets, including now seeing the potential for its Company-operated footprint to reach at least 1,500 Shacks over time, versus the prior target of 450 that was provided in conjunction with the Company's February 2015 initial public offering.
"Since the Company's founding in 2004, Shake Shack has been on a... More
Shake Shack (SHAK) PT Raised to $128 at Stifel
January 10, 2025 7:42 AM ESTStifel analyst Chris O'Cull raised the price target on Shake Shack (NYSE: SHAK) to $128.00 (from $115.00) while maintaining a Hold rating.... More
Raymond James Reiterates Outperform Rating on Shake Shack (SHAK)
January 10, 2025 5:55 AM ESTRaymond James analyst Brian Vaccaro reiterated an Outperform rating and $160.00 price target on Shake Shack (NYSE: SHAK)
The analyst comments "We reiterate our Strong Buy rating on SHAK ahead of the companys participation at the ICR Consumer Conference on Monday, January 13. We expect the company to provide one of the more incremental business updates within the three-day event, which could include 1) pre-releasing solidly positive 4Q comps that are at least in-line with consensus (+4.0%, similar to RJE; recall October +4.5%), 2) providing additional 2025 guidance reflecting ~25% y/y EBITDA growth and solid margin expansion (perhaps 50-100... More
