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Fly News Breaks for February 25, 2020
SHAK
Feb 25, 2020 | 09:09 EDT
SunTrust analyst Jake Bartlett lowered his price target on Shake Shack to $71 and kept his Hold rating, saying the company's disappointing guidance for FY20 comps reinforces his concerns about its transition to a single delivery partner and rising cannibalization. The analyst adds that while Shake Shack's restaurant margin guidance was stronger than expected, he sees a delivery decline over the next few quarters along with more sales cannibalization.
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.
