Shake Shack, Panera Bread, Dunkin’ Brands Face-Off for Analyst Approval

In Thursday's Analysts' Actions, TheStreet highlights a trio of restaurant stocks including Shake Shack (SHAK), Panera Bread (PNRA) Dunkin' Brands Group (DNKN). Analysts at Goldman Sachs shuffling its ratings ahead of earnings. The firm downgraded burger chain Shake Shack to SELL from NEUTRAL while maintaining its $37 price target. Analysts see selling pressure from the upcoming lock-up expiration at the end of the month. Goldman issued a NEUTRAL rating on Panera Bread. Analysts upgraded the casual dining chain from its prior SELL rating, citing the fast casual restaurant chain's likely near-term increases in same-restaurant sales. And, donut and coffee chain Dunkin’ Brands getting downgraded to NEUTRAL from BUY with a $55 price target on a valuation call. TheStreet's Kurumi Fukushima reports in New York.