TD Cowen downgraded Shake Shack to Hold with $105 PT due to current high share price.

From Yahoo Finance: 2025-05-20 10:49:00

TD Cowen downgraded Shake Shack Inc. (NYSE: SHAK) from Buy to Hold, maintaining a price target of $105, as the current share price is trading above its 3-year average. Shake Shack reported a 10.5% increase in total revenue to $320.9 million in Q1 2025, but faces challenges like high beef costs and traffic decline. Shake Shack plans to open 45 to 50 company-operated locations in 2025.



Read more at Yahoo Finance: TD Cowen Downgrades Shake Shack (SHAK) to Hold, Maintains $105 PT