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Loop Capital analyst Alton Stump says Shake Shack (NYSE: SHAK) could prove to be a safe haven amidst concerns of Trump tariffs and a potential recession in 2025.
Shake Shack Inc (NYSE:SHAK) stock is up 2% to trade at $89.89 at last check, after an upgrade at Loop Capital to "buy" from "hold.
Shake Shack's stock has dropped 33% YTD due to tariff concerns, presenting a buying opportunity with a 20% margin of safety. Despite macroeconomic challenges, Shake Shack's strong unit growth, improving margins, and compelling valuation suggest a favorable risk-reward ratio. The stock is trading at a discount compared to fast-casual peers, with potential upside of approximately 25% and Wall Street targets indicating even greater potential.
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SHAK benefits from strong growth prospects, strategic initiatives and robust same-shack sales performance.
The Investment Committee debate the latest Calls of the Day.
Shake Shack (SHAK) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
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Shake Shack is currently priced to perfection at $110s, struggling to break through the $120s-$130s resistance after a 92% YTD gain. Despite strong earnings and growth, Shake Shack's premium positioning may limit its expansion to 1,500 locations, especially in suburban areas. I recommend holding Shake Shack stock, with a potential buy in the low $100s or high $90s, and a sell if it nears $130s.
Shake Shak's fourth-quarter fiscal 2024 results reflect benefits from unit growth and sales volume. Read on to unravel the factors defining the quarter.