Raymond James Reiterates Strong Buy Rating on Shake Shack (SHAK)

Raymond James analyst Brian Vaccaro reiterated a Strong Buy rating and $160.00 price target on Shake Shack (NYSE: SHAK)

The analyst comments "This morning, Shake Shack pre-released strong 4Q results including comps +4.3% y/y (vs. consensus +4.0%), store margins of 22.7% (vs. RJE 22.0%), and adj. EBITDA of $46.5M (16% above RJE). 2025 adj. EBITDA guidance of $200-210M was also slightly above consensus ($200M) reflecting better than expected revenue and store margins partially offset by higher G&A (11.5% vs. RJE 11.2%; stock based comp seen up over 35%). The company also established 1) a long-term TAM of at least 1,500 company units and 2) set three year annual growth targets including low teens percent revenue growth and low-to-mid teens EBITDA growth, we would note that we believe embedded store margins of ~22% could prove conservative given potential ops/process improvements."

For an analyst ratings summary and ratings history on Shake Shack click here. For more ratings news on Shake Shack click here.

Shares of Shake Shack closed at $128.43 yesterday.

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