Shake Shack Downgraded by TD Cowen
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Business & Economics
TD Cowen Downgrades Shake Shack (SHAK) to Hold, Maintains $105 PT

77% Informative
TD Cowen downgraded Shake Shack Inc. from Buy to Hold, while maintaining its previous price target of $ 105 .
The firm stated that the current share price is trading above its 3-year average, and the challenging environment for restaurant spending will likely limit further multiple expansion.
The rating downgrade comes after Shake Shack reported its Q1 2025 results on May 1 .
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