BTIG Thinks Drive Shack’s Stock is Going to Recover

BTIG analyst Peter Saleh reiterated a Buy rating on Drive Shack (DSResearch Report) on March 11 and set a price target of $5.00. The company’s shares closed last Friday at $1.29, close to its 52-week low of $1.12.

According to, Saleh is a 5-star analyst with an average return of 15.1% and a 60.6% success rate. Saleh covers the Services sector, focusing on stocks such as Papa John’s International, Texas Roadhouse, and Domino’s Pizza.

Drive Shack has an analyst consensus of Moderate Buy, with a price target consensus of $5.00.

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The company has a one-year high of $4.02 and a one-year low of $1.12. Currently, Drive Shack has an average volume of 1.31M.

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Drive Shack, Inc. engages in golf-related leisure and entertainment businesses. It operates through the following segments: Traditional Golf properties, Entertainment Golf venues, and Corporate. The Traditional Golf properties segment operates and owns golf properties. The Entertainment Golf venues segment plans to open a chain of gold, competition, dining, and fun. The Corporate segment consists primarily of interest income on short-term investments, general and administrative expenses, etc. The company was founded in June 2002 and is headquartered in New York, NY.

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