Shake Shack’s Price Target Raised at BTIG
<p>BTIG analysts increased their price target on <a href='https://financialmodelingprep.com/financial-summary/SHAK'>Shake Shack (NYSE:SHAK)</a> to $85.00 from $75.00 while maintaining a Buy rating.</p>
<p>The analysts anticipate that Shake Shack's implementation of kiosks, a proven technology that drives sales, in its domestic restaurants will contribute to mid-single-digit growth in same-store sales. Furthermore, as the adoption of these kiosks increases, there is potential for significant labor savings, possibly amounting to several hundred basis points. The utilization of this technology is expected to enhance throughput, particularly in high-volume locations, leading to improved order accuracy and customer satisfaction.</p>

NYSE:SHAK