UBS raised the firm’s price target on Shake Shack to $110 from $88 and keeps a Neutral rating on the shares. Shake Shack’s Q4 earnings results and commentary highlighted solid same-store sales trends, restaurant margin upside with ongoing opportunities, and 2024 EBITDA guidance above expectations, the analyst tells investors in a research note. The firm remains focused on opportunities for more significant long-term margin upside as a key catalyst.
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Read More on SHAK:
- Shake Shack (NYSE:SHAK) Skyrockets on Impressive Q4 Numbers
- Shake Shack’s Year-End Shareholder Letter Released
- Shake Shack reports Q4 adjusted EPS 2c, consensus 1c
- Notable companies reporting before tomorrow’s open
- Shake Shack to participate in a conference call with Wedbush
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