Stifel Nicolaus analyst Chris O`Cull maintained a Hold rating on Shake Shack (SHAK – Research Report) on January 27 and set a price target of $54.00. The company’s shares closed last Friday at $56.52.
O`Cull covers the Services sector, focusing on stocks such as Shake Shack, Planet Fitness, and Portillo’s. According to TipRanks, O`Cull has an average return of 12.8% and a 64.08% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Shake Shack with a $53.10 average price target, representing a -6.05% downside. In a report released on January 26, Barclays also maintained a Hold rating on the stock with a $51.00 price target.
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Based on Shake Shack’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $227.81 million and a GAAP net loss of $2.02 million. In comparison, last year the company earned a revenue of $193.9 million and had a GAAP net loss of $2.18 million
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SHAK in relation to earlier this year.
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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.
Read More on SHAK:
- Shake Shack price target raised to $51 from $42 at Barclays
- Cowen restaurant analyst to hold an analyst/industry conference call
- Shake Shack downgraded to Underweight from Equal Weight at Morgan Stanley
- Subway looks into sale that could value company at over $10B, WSJ says
- Shake Shack reports preliminary Q4 revenue $238.5M, consensus $237.56M