Burgers Meet Blackjack: Shake Shack Expands Into PENN Casino Properties Nationwide
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 21 2025
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Source: Benzinga
Partnership Announcement: PENN Entertainment Inc. and Shake Shack Inc. have signed a licensing agreement to open Shake Shack locations at ten PENN-owned casinos, with the first two set to launch in 2026, pending regulatory approval.
Strategic Goals: The collaboration aims to enhance food offerings at PENN properties while allowing Shake Shack to expand into the entertainment sector, reflecting a trend of integrating popular culinary brands into casino environments to attract diverse guests.
Analyst Views on EATZ
Wall Street analysts forecast EATZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EATZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.854
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Current: 27.854
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
