01:50 AM EST, 11/03/2025 (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 $4 to $134, applying an EV/EBITDA multiple of 23x (down from 25x) to our 2026 estimate, which is below the shares' 27x long-term average forward multiple, reflecting heightened macroeconomic risks to consumer spending at restaurants. We raise our 2025 EPS estimate to $1.44 from $1.39 and raise 2026's to $1.99 from $1.79, which reflects steady Q3 comparable sales (traffic +1.3% Y/Y) and significant labor and food cost efficiencies despite notable inflation in beef prices, a significant exposure in SHAK's commodity basket. Our opinion is reiterated at Buy as we think SHAK has demonstrated improved operational execution along with accelerated store openings and resilient EBITDA margins (+30 bps in Q3). We see SHAK improving comparable sales growth through LTOs, menu innovations, and loyalty program offerings, positioning the company well for continued market share gains in the premium burger segment.