Longbow Bullish On Shake Shack, Sets Price Target of $54Bala Murali Krishna
Longbow Research has reiterated Shake Shack Inc. (SHAK) as a buy and set a 12-month price target of $54, compared to its trading range of over $36 per share.
The $54 price target is based on 32 times 2017E EV/EBITDA. Its current price is 22.2 times the forward earnings, compared with the historical 10-11 times for restaurant peers.
“While still not cheap compared to the . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.