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Research Alert: CFRA Keeps Buy Opinion On Shares Of Shake Shack Inc.
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Research Alert: CFRA Keeps Buy Opinion On Shares Of Shake Shack Inc.
Mar 11, 2026 6:05 AM

02:45 PM EST, 03/02/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target price by $5 to $129, based on 23x (unchanged) our 2026 EBITDA estimate, a discount to shares' 25x long-term average, reflecting heightened risk to consumer traffic from macroeconomic volatility. We lower our 2026 EPS estimate to $1.96 from $1.99 and set 2027's at $2.22, reflecting modest near-term margin pressure despite strong unit growth. Despite our target reduction, we remain at Buy as Q4 results and Q1 guidance demonstrated continued momentum. Management's Q1 comp guidance of 3%-5% despite weather disruptions in the Northeast suggests SHAK's accelerated unit expansion (45 openings in 2025) suggests is generating strong traffic at new locations, highlighting the brand's power. With shares now trading at a discount to longer-term averages, we see attractive value given faster restaurant expansion, potential for broader U.S. restaurant traffic recovery, and sustained restaurant-level profit margin strength (22.7% in Q4 despite low-teens beef cost inflation).

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