New Shake Shack (SHAK) CEO Rob Lynch has the right background as Papa John’s (PZZA) president and CEO to shepherd the brand through the next chapter, expediting operations, maximizing advertising, and progressing on its digital journey, TD Cowen tells investors. Lynch’s well-rounded industry background at Papa John’s, as well as previously serving as President of Arby’s and Vice President of Marketing at Taco Bell provides relevant experience to Shake Shack, in particular with marketing, operations and continuing the digital journey, the firm says. The firm maintains an Outperform rating and $125 price target on the shares.
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