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Fly News Breaks for March 17, 2017
SHAK
Mar 17, 2017 | 07:10 EDT
SunTrust analyst Jake Bartlett says that Shake Shack has opened five stores so far this quarter and plans to open a sixth next week, versus the firm's estimate of four new restaurants. The analyst believes that the company's guidance of 22-23 restaurant openings for 2017 is now conservative. He increased his estimates for the company and raised his price target to $50 from $49 while keeping a Buy rating.
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