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Fly News Breaks for August 13, 2019
SHAK
Aug 13, 2019 | 08:51 EDT
As previously reported, MKM Partners analyst Brett Levy initiated Shake Shack with a Neutral rating and a price target of $75. The analyst remains positive on the company's long-term potential as a fast-growing investment story with unit expansion and digital sales initiatives, but is also concerned with its low earnings and comparable store base, along with its "volatile" results from its multi-year investment cycle. Levy adds that Shake Shak's limited margin for error creates an "uncomfortable" risk-reward setup.
News For SHAK From the Last 2 Days
SHAK
Apr 22, 2024 | 08:44 EDT
Raymond James raised the firm's price target on Brinker (EAT) to $54 from $50 and keeps a Strong Buy rating on the shares. The firm maintains a selective stance towards its restaurant coverage universe as industry sales have underwhelmed in recent months, causing Raymond James to increasingly favor stocks it view as having "idiosyncratic factors trading at attractive valuations," such as Brinker, Shake Shack (SHAK), First Watch (FWRG) and Bloomin' Brands (BLMN), the analyst tells investors in a group earnings preview note.
