In a report released on February 23, Chris O`Cull from Stifel Nicolaus maintained a Hold rating on Shake Shack (SHAK – Research Report), with a price target of $120.00. The company’s shares closed yesterday at $115.62.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
O`Cull covers the Consumer Cyclical sector, focusing on stocks such as Shake Shack, Wendy’s, and Restaurant Brands International. According to TipRanks, O`Cull has an average return of 15.3% and a 59.31% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shake Shack with a $138.20 average price target, implying a 19.53% upside from current levels. In a report released on February 21, Robert W. Baird also maintained a Hold rating on the stock with a $132.00 price target.
SHAK market cap is currently $4.62B and has a P/E ratio of 462.05.
Read More on SHAK:
- Shake Shack’s Earnings Call Highlights Robust Growth Plans
- Positive Outlook on Shake Shack: Operational Efficiency and Strategic Initiatives Drive Buy Rating
- Shake Shack price target raised to $154 from $143 at Truist
- Shake Shack price target lowered to $132 from $145 at Baird
- Shake Shack price target raised to $125 from $115 at Wedbush