Shake Shack (SHAK) : The consensus on Shake Shack (SHAK) based on 10 analyst recommendation on the company stock is 2.73, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Shake Shack (SHAK) : The highest level Shake Shack (SHAK) is projected to reach is $50 for the short term and the lowest estimate is at $30. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $41.33 and the possibility the share price can swing is $5.87.
Company shares have received an average consensus rating of Hold for the current week
Shake Shack (NYSE:SHAK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.82 and $37.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.73, notching a gain of 4.58% for the day. The total traded volume was 835,621 . The stock had closed at $37.99 on the previous day.
Shake Shack Inc. (Shake Shack) is a holding company with no direct operations and its principal asset is the equity interest in SSE Holdings, LLC (SSE Holdings). The Company holds 33.3% ownership interest in SSE Holdings. SSE Holdings operates and licenses restaurants in the global restaurant industry, serving hamburgers, hot dogs, crinkle-cut fries, shakes, frozen custard, beer and wine. As of December 31, 2014, the Company had 63 Shake Shack restaurants (Shacks) in nine countries and 34 cities. The Company owns and operates Shacks in 10 states and the District of Columbia. As of December 31, 2014, the Company had 31 company-operated Shacks in operation in the United States. The Company also has license arrangements with affiliated and unaffiliated operators to develop and operate Shacks. As of December 31, 2014, 32 licensed Shacks were in operation under license agreements in North America, Europe and Asia.