Analyst Price Target Update on Shake Shack (NYSE:SHAK)

Shake Shack (NYSE:SHAK): 8 analysts have set the short term price target of Shake Shack (NYSE:SHAK) at $44.09. The standard deviation of short term price target has been estimated at $5.58, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 54 and $39 respectively.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Longbow Research 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 March 30, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer 10% owner (Chief Executive Offic of Shake Shack Inc., Garutti Randall J had sold 10,000 shares worth of $376,500 in a transaction dated June 9, 2016. In this transaction, 10,000 shares were sold at $37.65 per share.

Shake Shack (NYSE:SHAK) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.49 points or 4.26% at $33.46 with 1,185,088 shares getting traded. Post opening the session at $34.69, the shares hit an intraday low of $33.36 and an intraday high of $34.89 and the price was in this range throughout the day. The company has a market cap of $1,214 million and the number of outstanding shares have been calculated to be 36,283,690 shares. The 52-week high of Shake Shack (NYSE:SHAK) is $76.15 and the 52-week low is $30.

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.

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