Shake Shack up after Loop Capital upgrades to 'buy' from 'hold' on sales growth

Shares of fast food chain operator Shake Shack SHAK.N up ~2% at $90.20 in early trading

Brokerage Loop Capital raises rating on stock to "buy" from "hold" with PT of $127, citing better-than-expected comparable sales growth over the last three quarters in a row

Co to remain focused on key platforms including successful limited-time-offers such as Black Truffle Burgers and Fries, as well as sustained emphasis on rapidly growing digital sales and improved in-store labor productivity - brokerage

Says SHAK has minimal exposure to the escalating tariff situation since the company sources nearly all its ingredients domestically

Twelve of 25 brokerages rate the stock "buy" or "higher", 12 "hold" and one "sell"; their median PT is $134, as per estimates compiled by LSEG

Up to last close, stock fell nearly 32% YTD