SunTrust analyst Jake Bartlett kept his Buy rating and $66 price target on Shake Shack, saying he is more confident in his expectations of comps rising 1% in the second half of 2018 from the anticipated reduction in sales cannibalization. For FY18, Bartlett sees cannibalization impact on comps easing to 2.7% from 3.8% last year, though the "back-end loaded development" plans for the company suggests that it will remain an issue in the long run. The analyst remains positive on Shake Shack management's execution ability and the early stage of its expansion cycle, adding the company is a "very strong concept, which hits the consumer sweet spot of quality food and service for a reasonable price".