Shake Shack (SHAK) Q4 Revs 'Strong', But Remain on the Sidelines - Jefferies

Jefferies analyst Andy Barish reiterated a Hold rating and $40 price target on Shake Shack (NYSE: SHAK) following Q4 results.

Barish commented, "SHAK reported its first quarter as a public company, with a strong top line & slight margin pressure as expected. Revenue growth was torrid with 7.2% SSS (vs our 4%) & over 50% total growth. SHAK is staying ahead of its development plans, something we like to see in early stage roll-out stories and reiterated its LT guide of 20%+ rev & EBITDA gr. With valuation at an all-time restaurant record high at ~ 100x 16 EV/EBITDA, we remain on the sidelines at Hold.

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 $46.90 yesterday.

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