Shake Shack EPS Beats Estimate as Analysts Raise Ratings and Targets
DA Davidson raised its Shake Shack price target to $85 and shifted to a buy rating, while Stifel upgraded shares to buy and cut its target to $85. Other coverage includes JPMorgan’s neutral stance with an $85 target. After posting $0.43 EPS for the quarter, above the $0.31 consensus, Shake Shack held a Moderate Buy consensus with an average $89.74 target.