Fly News Breaks for February 25, 2020
Feb 25, 2020 | 07:28 EDT
Credit Suisse analyst Lauren Silberman lowered her price target for Shake Shack to $76 from $83 after the company reported a "disappointing" quarter, with Q4 same-store sales below expectations, driven by a challenging compare, less menu innovation, decelerating delivery sales growth and new unit opens concentrated in existing markets. While near-term sentiment is likely to skew more negative, a return to positive same-store sales later in the year and stabilization in restaurant margin should get investors more constructive on shares, she contends. The analyst has an Outperform rating on the shares.
News For SHAK From the Last 2 Days