Shake Shack's Impressive Margin Progression: Analyst Says Staffing And Delivery Innovations Are Driving Growth
Portfolio Pulse from Shivani Kumaresan
Shake Shack has shown impressive margin progression in the last two quarters, driven by better staffing and fewer margin dilutive third-party delivery orders. TD Cowen analyst Andrew Charles reiterated a Market Perform rating on Shake Shack with a price target of $75. The company reported strong Q1 earnings, with revenue of $253.28 million and an adjusted pro forma EPS loss of $(0.01).
June 09, 2023 | 6:44 pm
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Shake Shack's margin progression is driven by staffing and delivery innovations, with a Market Perform rating and $75 price target from TD Cowen analyst.
The news highlights Shake Shack's impressive margin progression, driven by staffing and delivery innovations. However, the analyst maintains a Market Perform rating, indicating a neutral outlook for the stock. The company's strong Q1 earnings are a positive factor, but the overall impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100