Shake Shack climbs after multiple brokerages raise PT on strong performance
Shares of fast-food chain operator Shake Shack SHAK.N up about 3% at $138.03 after multiple brokerages raise PT
Brokerage Oppenheimer raises PT to $160 from $125, citing "best performance" among growth peers
We see strong near-term benefits in sales and margins, with long-term growth driven by opening more locations and expanding its footprint - Michael Tamas, analyst with Oppenheimer
Barclays raises PT to $166 from $125
The sales driving power of SHAK's Dubai chocolate pistachio shake could exceed the 4.5% mix of sales in early days as guests that specifically come in for the shake attach food while the company benefits from earned media - TD Cowen
SHAK brought back its viral Dubai chocolate bar-inspired shake on June 24, for a limited time
Eleven of 25 brokerages rate the stock "buy" or "higher", 13 rate "hold", and one "sell"; their median PT is $118.50, according to data compiled by LSEG
Including session moves, stock up about 7% YTD
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