UBS raised the firm’s price target on Shake Shack (SHAK) to $140 from $130 and keeps a Neutral rating on the shares. The firm has a more optimistic view on the U.S. restaurant sector sales outlook for 2025 as UBS anticipates the U.S. macro backdrop and industry environment will modestly improve, the analyst tells investors in a research note. Margins should improve for many companies in 2025 given benign food inflation, with traffic a key variable, and risks from less pricing, ongoing labor inflation, and elevated discounting activity, UBS says.
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Read More on SHAK:
- Shake Shack upgraded to Overweight from Equal Weight at Barclays
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- Shake Shack price target raised to $147 from $144 at Truist
- Shake Shack price target raised to $123 from $115 at Jefferies
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