Shake Shack price target raised to $125 from $120 at BTIG

BTIG raised the firm’s price target on Shake Shack to $125 from $120 and keeps a Buy rating on the shares after hosting investor meetings with the company CFO Katie Fogertey. The combination of the company’s technology, enhanced operating model, and greater marketing are adding up to a very powerful, and profitable, combination, and these efforts will not only drive same-store sales growth, but also add meaningful restaurant margin expansion in the near- and long-term, the analyst tells investors in a research note.