Procore stock price target raised to $90 from Goldman Sachs on stabilizing growth
Investing.com - Raymond James maintained its Strong Buy rating and $150.00 price target on Shake Shack (NYSE:SHAK) following the company’s announcement of its new Big Shack burger. The target represents approximately 58% upside from the current price of $95.07, as Shake Shack’s stock remains well below its 52-week high of $144.65 despite recent gains.
The Big Shack burger, available starting Tuesday, November 4, features two quarter-pound 100% Angus beef patties, three buttered and toasted potato buns, American cheese, lettuce, Roma tomatoes, thick-cut pickles, and hand-sliced onions. The new menu item contains 56g of protein compared to 25g in McDonald’s Big Mac.
Priced at $9.99, the Big Shack represents approximately a 3% discount to Shake Shack’s double cheeseburger and double ShackBurger in Raymond James’ local market, and a 15-23% discount to the double SmokeShack and double Bacon Cheeseburger. According to InvestingPro data, Shake Shack’s revenue grew 13.49% over the last twelve months, though the stock is currently trading above InvestingPro’s Fair Value assessment.
Shake Shack reported third-quarter comparable sales growth of 4.9%, exceeding expectations, while October sales slowed to 1.3% growth. The company attributed the October slowdown to a softer industry backdrop, a less successful premium-priced French Onion Soup limited-time offering, and reduced year-over-year pricing.
The company experienced over 400 basis points of traffic improvement in the most recent week after shifting to a $1, $3, $5 value limited-time offering for sodas, fries, and shakes, according to Raymond James. InvestingPro analysis shows Shake Shack has a remarkably low PEG ratio of 0.21, suggesting it’s trading at a low P/E relative to expected earnings growth. Discover 13 more exclusive ProTips and comprehensive analysis in the Pro Research Report, available for Shake Shack and 1,400+ other US equities.
In other recent news, Shake Shack reported its third-quarter earnings for 2025, surpassing analyst expectations with an earnings per share (EPS) of $0.36, compared to the forecast of $0.31. The company’s revenue also exceeded projections, reaching $367.4 million against the anticipated $363.89 million. This performance follows Shake Shack’s third-quarter results, which showed comparable sales growth of 4.9% and a 180 basis point expansion in restaurant-level margin. Mizuho maintained its Neutral rating on Shake Shack with a price target of $95, noting the company’s same-store sales growth driven by value-focused initiatives and increased marketing spend. Stifel adjusted its price target for Shake Shack to $105 from $110, maintaining a Hold rating, following the mixed outlook from the recent results. The company’s focus on value offerings and higher paid media expenditures contributed to the positive sales results, alongside ongoing labor efficiencies that improved unit-level margins. These developments reflect Shake Shack’s strategic efforts to enhance its market position through targeted initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.