Is Shake Shack's Expansion Dream A Recipe For Disaster?
1. Shake Shack downgraded by Bank of America, price forecast cut to $86. 2. Mounting margin pressure due to rising beef costs impacting profitability. 3. Shake Shack's menu prices increased 19%, complicating competition against rivals. 4. Expansion plans face skepticism regarding market saturation and cannibalization. 5. Earnings estimates lowered for 2025, 2026, and 2027 by Bank of America.