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Student loan payment resumption to hit sales at these restaurants with educated customer bases, BTIG says

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Analyst Peter Saleh trimmed his estimates for same-store sales, a key metric used by retailers and restaurants, for these three stocks.

Millions of Americans will resume paying their student loans next month, and BTIG thinks some restaurants frequented by higher-income earners could suffer from that more than others. Analyst Peter Saleh trimmed his estimates for same-store sales, a key metric used by retailers and restaurants, for Starbucks , Chipotle and Shake Shack . He now sees Shake Shack's same-store sales rising just 2.9% in 2024, down from a previous estimate of 4.4%.

leading us to trim our same-store sales and EPS estimates." A recent BTIG survey found that these repayments are more likely to disproportionately hamper higher-income earners, with nearly 75% of borrowers earning over $60,000 per year. Of the borrowers earning more than $150,000 annually, 97% planned to begin repayment next month. Given this skew towards higher-income earners, establishments frequented by such consumers will likely feel pressure.

 

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