Shake Shack (SHAK) : Zacks Investment Research ranks Shake Shack (SHAK) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.57, which indicates as a Hold.
Shake Shack (SHAK) : Currently there are 9 street experts covering Shake Shack (SHAK) stock. The most bullish and bearish price target for the stock is $48 and $30 respectively for the short term. The average price target of all the analysts comes to $40.11. The estimated standard deviation from the target is $5.56.
Also, Equity analysts at the Brokerage firm SunTrust Robinson Humphrey upgrades its rating on Shake Shack (NYSE:SHAK). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 11, 2016.
Shake Shack (NYSE:SHAK): After opening at $34.27, the stock dipped to an intraday low of $34.27 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $34.83 and the buying power remained strong till the end. The stock closed at $34.6 for the day, a gain of 0.23% for the day session. The total traded volume was 569,157. The stocks close on the previous trading day was $34.52.
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.