🟢 Shake Shack is trading 4.14% up today after RBC's Outperform initiation

Shake Shack is trading at $64.25, up +4.14%, benefiting from RBC Capital Markets’ September 8 Outperform initiation.

• RBC’s $89 price target implies roughly 28% upside from the prior Friday close.
• RBC expects stronger marketing to lift same-store sales and lower beef costs to improve margins in 2027 and 2028.
• Major U.S. indexes were up more than 0.9% on September 11, 2026, supporting broader risk appetite.