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Shake Shack (SHAK) Gets a Hold Rating from Morgan Stanley

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In a report released today, John Glass from Morgan Stanley maintained a Hold rating on Shake Shack (SHAKResearch Report), with a price target of $83.00. The company’s shares closed last Friday at $69.42, close to its 52-week low of $65.25.

According to TipRanks.com, Glass is a 4-star analyst with an average return of 8.8% and a 67.1% success rate. Glass covers the Services sector, focusing on stocks such as Restaurant Brands International, Brinker International, and Cheesecake Factory.

The word on The Street in general, suggests a Hold analyst consensus rating for Shake Shack with a $87.07 average price target, which is a 22.2% upside from current levels. In a report issued on January 11, Robert W. Baird also maintained a Hold rating on the stock with a $83.00 price target.

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Shake Shack’s market cap is currently $3.01B and has a P/E ratio of -147.64.

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Shake Shack, Inc. is a holding company, which engages in operating fast food hamburger restaurants. It offers beef burgers, flat-top dogs, chicken sandwiches, frozen custard and crinkle cut fries and includes all the mobile ordering essentials. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.

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