** Brokerage Raymond James raises PT on some restaurant chain operators citing strong traffic, brand marketing and menu innovations
** Raises Shake Shack's PT to $130 from $125; expects price hikes and return-to-office dynamics to boost traffic
** Raises Wingstop's PT to $435 from $420; notes sustained market share gains with marketing initiatives along with higher brand awareness, product innovation and channel extensions
** Hikes PT on Chipotle Mexican Grill by $3 to $65
** CMG continues to see strong traffic; believe several tests of new equipment like Autocado robot to yield benefits in the long term - brokerage
** Up to last close, SHAK up about 48% so far this year, WING up ~47% YTD, CMG up ~29% YTD
(Reporting by Anuja Bharat Mistry in Bengaluru)
((AnujaBharat.Mistry@thomsonreuters.com;))
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