Gordon Haskett upgraded Shake Shack (SHAK) to Buy from Hold with a $154 price target The firm says shares are increasingly compelling given concept-specific market share and margin expansion drivers, including menu innovation and promotional traction, continued investment in digital performance advertising, and labor cost efficiencies, which could prove current 2025 Street estimates conservative, the analyst tells investors in a research note. Shake Shack appears to have reached a margin expansion tipping point, driven by the combination of realized restaurant-level cost efficiencies and G&A leverage, Gordon Haskett adds.
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