Shake Shack's proximity to World Cup venues should provide a modest lift, helping same-store sales track toward the high end of its updated guidance from earlier this month, D.A. Davidson analysts say in a note. More than 35% of the burger chain's U.S. company-owned locations are within a 30-mile radius of World Cup venues, and several news reports from host cities have suggested a significant uptick in transactions at local restaurants and bars, the analysts say. "The guidance reset appears all the wiser given our lower World Cup lift estimate vs mgmt's initial implied assumption," the analysts say. "As a result, we are increasingly confident new CFO Michelle Hook's oversight & target-setting discipline will help SHAK regain investor credibility and potentially exit the penalty box as soon as its next earnings release." ([email protected])