SHAK - This Analyst Sees Opportunities For Shake Shack's Significant Store Margin Growth Bumps Up Price Target | Benzinga
Raymond James analyst Brian M. Vaccaro reiterated a Strong Buy rating on the shares of Shake Shack Inc (NYSE: SHAK) and raised the price target from $78.00 to $90.00.
Shake Shack’s $3.8 million average unit volume reflects sales per square foot over $1,100, one of the highest across the analyst’s coverage universe.
The analyst says, such volume should theoretically drive industry leading store margins.
A comparative cost analysis of Shake Shack’s cost structure versus a select group of public and private peers bolsters the analyst’s confidence that there could be hundreds of basis ...