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Shake Shack EPS Beats Estimate as Analysts Raise Ratings and Targets

Shake Shack logoShake Shack
Sig1.55Sen+1.45Env0.00Soc0.00Gov0.00

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.

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