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Top-ranked analyst: Buy Shake Shack for its brand

A worker takes a pager from a customer at a Shake Shack restaurant in Bridgewater, New Jersey.
Ron Antonelli | Bloomberg | Getty Images

One of the best analysts on Wall Street told investors to buy Shake Shack because of its strong brand and large location growth potential.

"SHAK combines some of the best unit level metrics in the industry with one of the longest potential runways for growth," Buckingham Research's John Zolidis wrote in a note to clients Thursday.

He added, "We believe that the market is underestimating both near-term earnings but especially longer-term operating margin potential for this company."