** 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;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.