Shake Shack price target raised to $68 from $67 at Truist

Truist analyst Jake Bartlett raised the firm’s price target on Shake Shack to $68 from $67 and keeps a Buy rating on the shares as part of a broader research note on Restaurants. Analysis from its data science team supports the firm’s "largely bullish" view on restaurant demand and suggests Q1 sales topped estimates, the analyst tells investors in a research note. The firm is also positive on Shake Shack’s incremental return to work and improved staffing, Truist added.