Shake Shack Upgraded to Moderate Buy Amid Mixed Analyst Opinions

Shake Shack (NYSE:SHAK) has received an upgrade from Royal Bank Of Canada, who raised their rating to 'moderate buy'. This change comes after several other analysts have also weighed in on the stock. BNP Paribas Exane recently increased their price target to $81.00 and gave the stock an 'outperform' rating.

However, not all analysts are as optimistic about Shake Shack's prospects. Gordon Haskett cut their price objective from $90.00 to $70.00 and set a 'buy' rating on the stock in June. UBS Group also decreased their target price from $79.00 to $68.00 and set a 'neutral' rating for the company.

Despite these mixed opinions, Shake Shack has seen its revenue grow by 17.2% year-over-year in its most recent quarter, with earnings per share coming in at $0.43. This beat analysts' consensus estimates of $0.31 and suggests that the company may be on a positive trajectory.

With an average rating of 'moderate buy' among analysts and a consensus price target of $89.71, Shake Shack remains a stock worth watching for investors.