10 High-Valuation Stocks to Buy According to Billionaires

3. Shake Shack Inc. (NYSE:SHAK)

Forward P/E: 70.4

Number of Billionaire Investors: 14

Number of Hedge Fund Holders: 43

Shake Shack Inc. (NYSE:SHAK) is a fast-casual restaurant chain known for its made-to-order Angus beef burgers, crispy chicken, hand-spun milkshakes and more. The company originating as a New York City food stand and since then has expanded into a global brand with locations in major cities worldwide. It differentiates itself with high-quality ingredients, sustainability efforts, and a strong brand identity.

On February 21, a Truist Securities analyst raised the price target on Shake Shack Inc. (NYSE:SHAK) from $143 to $154 while maintaining a Buy rating. As the basis of his bullish stance, the analyst pointed to the company’s strong Q4 earnings, better-than-expected Q1 comparable sales guidance, and an upward revision in FY25 adjusted EBITDA outlook. He believes that despite challenges like weather disruptions, wildfires, and a tough macro environment, the company’s continued same-store sales momentum reflects its strong market position.