Goldman Sachs cautious on Shake Shack

|About: Shake Shack (SHAK)|By:, SA News Editor

Goldman Sach doesn't expect new Shake Shack (SHAK -1.5%) stores to spark bottom line growth.

The firm points to a declining novelty factor with new stores and a cannibalization effect on older stores as the expansion plan continues.

GS now anticipates Shake Shack to report 2017 EPS of $0.48 and 2018 EPS of $0.59.