Shake Shack rises after Mizuho upgrades to 'outperform'

Shake Shack

10/04/2026 14:01

** Shares of fast-food chain operator Shake Shack SHAK.N up 3% at $100.61 premarket

** Mizuho raises rating to "outperform" from "neutral", PT to $120 from $100

** The new PT represents 23% upside to the stock's last close

** Brokerage sees upside to Q1 same-store sales, helped by improving comp drivers like marketing and expanded value offerings

** Adds that stronger top‑line performance and supply‑chain efficiencies are supporting restaurant margins

** 17 of 29 brokerages rate the stock "buy" or higher, and the rest "hold"; their median PT is $118 - data compiled by LSEG

** As of last close, SHAK stock up 20% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))