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Truist Financial Sticks to Its Buy Rating for Shake Shack (SHAK)

Tipranks - Tipranks - Tue Mar 3, 7:00AM CST

In a report released today, Jake Bartlett from Truist Financial maintained a Buy rating on Shake Shack, with a price target of $148.00.

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According to TipRanks, Bartlett is a 5-star analyst with an average return of 11.5% and a 58.32% success rate. Bartlett covers the Consumer Cyclical sector, focusing on stocks such as Shake Shack, Texas Roadhouse, and Darden Restaurants.

In addition to Truist Financial, Shake Shack also received a Buy from Oppenheimer’s Michael Tamas in a report issued on February 27. However, on the same day, UBS maintained a Hold rating on Shake Shack (NYSE: SHAK).

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Based on Shake Shack’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $400.53 million and a net profit of $11.83 million. In comparison, last year the company earned a revenue of $328.68 million and had a net profit of $8.71 million

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