** Shares of fast food chain operator Shake Shack SHAK.N up ~2% at $90.20 in early trading
** Brokerage Loop Capital raises rating on stock to "buy" from "hold" with PT of $127, citing better-than-expected comparable sales growth over the last three quarters in a row
** Co to remain focused on key platforms including successful limited-time-offers such as Black Truffle Burgers and Fries, as well as sustained emphasis on rapidly growing digital sales and improved in-store labor productivity - brokerage
** Says SHAK has minimal exposure to the escalating tariff situation since the company sources nearly all its ingredients domestically
** Twelve of 25 brokerages rate the stock "buy" or "higher", 12 "hold" and one "sell"; their median PT is $134, as per estimates compiled by LSEG
** Up to last close, stock fell nearly 32% YTD
(Reporting by Anuja Bharat Mistry in Bengaluru)
((AnujaBharat.Mistry@thomsonreuters.com;))
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