Shake Shack (SHAK) PT Raised to $162 at Truist Securities
Truist Securities analyst Jake Bartlett raised the price target on Shake Shack (NYSE: SHAK) to $162.00 (from $160.00) while maintaining a Buy rating.
The analyst commented, "Following 2Q25 results (SSS miss and adj. EBITDA beat) and increased adj. EBITDA guidance, we are increasing ests. and our PT to $162, from $160. We view the 14.0% drop in the stock today (vs. +0.6% for the S&P) as a strong buying opportunity. SHAK's July SSS of +3.2% appear to have a much smaller boost from the 6/24 'Dubai Shake' launch than we expected, given low awareness, which has since been rectified with a 'paid marketing' test (7 markets). The weaker 'Dubai Shake' boost suggests that underlying SSS momentum is solid, with significant drivers ahead. With SHAK delivering on margins and development, we expect sustained positive SSS to drive multiple expansion."