BTIG raised the firm’s price target on Shake Shack to $65 from $60 and keeps a Buy rating on the shares. The company’s Q4 results were in line with its preannounced figures, but also added some very positive trends from January/early February, the analyst tells investors in a research note, further noting that investors should be reassured by the management’s shift in tone toward better unit economics, profitability and expense discipline.
Published first on TheFly
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