Shake Shack price target raised to $100 from $80 at Wedbush

Wedbush analyst Nick Setyan raised the firm’s price target on Shake Shack to $100 from $80 and keeps a Neutral rating on the shares. Shake Shack’s Q4 EPS was above expectations on better than expected same-store sales growth, and while the 2024 top line guidance was largely in line with expectations, expectations for positive transactions were a positive surprise, the analyst tells investors in a research note.