Stifel Nicolaus Reaffirms Their Hold Rating on Shake Shack (SHAK)

In a report released yesterday, Chris O`Cull from Stifel Nicolaus maintained a Hold rating on Shake Shack (SHAKResearch Report), with a price target of $54.00. The company’s shares closed yesterday at $55.09.

According to TipRanks, O`Cull is a 5-star analyst with an average return of 12.5% and a 62.68% success rate. O`Cull covers the Services sector, focusing on stocks such as Planet Fitness, Papa John’s International, and Shake Shack.

Currently, the analyst consensus on Shake Shack is a Hold with an average price target of $51.78, implying a -6.01% downside from current levels. In a report released on January 11, Wedbush also maintained a Hold rating on the stock with a $49.00 price target.

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The company has a one-year high of $79.25 and a one-year low of $37.72. Currently, Shake Shack has an average volume of 812.2K.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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