The stock of Shake Shack Inc (NYSE:SHAK) is a huge mover today! About 2.59M shares traded hands or 343.50% up from the average. Shake Shack Inc (NYSE:SHAK) has declined 10.18% since April 8, 2016 and is downtrending. It has underperformed by 15.83% the S&P500.
The move comes after 6 months positive chart setup for the $1.43 billion company. It was reported on Nov, 10 by Barchart.com. We have $46.15 PT which if reached, will make NYSE:SHAK worth $286.00 million more.
Shake Shack Inc (NYSE:SHAK) Ratings Coverage
Out of 8 analysts covering Shake Shack (NYSE:SHAK), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Shake Shack has been the topic of 16 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, March 30 by Longbow. The firm has “Hold” rating given on Thursday, August 20 by Vetr. The company was upgraded on Thursday, August 11 by Suntrust Robinson. The company was initiated on Thursday, June 16 by Buckingham Research. JP Morgan maintained the stock with “Neutral” rating in Thursday, August 11 report. Vetr upgraded it to “Strong Sell” rating and $56.34 target price in Friday, August 14 report. The stock of Shake Shack Inc (NYSE:SHAK) has “Market Perform” rating given on Friday, September 11 by Cowen & Co. SunTrust initiated the stock with “Neutral” rating in Wednesday, January 6 report. The rating was maintained by Barclays Capital on Tuesday, March 8 with “Equal-Weight”. The firm earned “Buy” rating on Thursday, August 11 by SunTrust.
According to Zacks Investment Research, “Shake Shack Inc. is engaged in owning and operating restaurants. The company offers burgers, hot dogs, frozen custard, crinkle cut fries, beer and wine. It operates primarily in New York, New Jersey, Washington, D.C., Connecticut, Georgia, Illinois, Pennsylvania, Florida, Massachusetts, Virginia, Nevada, London, Istanbul and Dubai. Shake Shack Inc. is headquartered in New York.”
More notable recent Shake Shack Inc (NYSE:SHAK) news were published by: Valuewalk.com which released: “Shake Shack Inc Reports Beat And Raise Quarter, Shares Rise” on November 09, 2016, also Marketwatch.com with their article: “Shake Shack shares surge on improved outlook” published on November 09, 2016, Bloomberg.com published: “Shake Shack Falls as Fast-Food Slump Weighs on Sales Growth” on August 10, 2016. More interesting news about Shake Shack Inc (NYSE:SHAK) were released by: Seekingalpha.com and their article: “Shake Shack Inc. To Report Third Quarter On Wednesday – Down From $90, Cheap …” published on November 07, 2016 as well as Fool.com‘s news article titled: “Better Buy: Chipotle Mexican Grill, Inc. vs. Shake Shack Inc” with publication date: October 19, 2016.
SHAK Company Profile
Shake Shack Inc., incorporated on October 23, 2014, operates roadside burger stands. The Firm serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Firm has approximately 84 Shacks in over 10 countries and approximately 45 cities. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard. The Company’s menu focuses on food and beverages, crafted from a range of classic American foods. The Company’s domestic menu includes a range of signature items, such as the ShackBurger, SmokeShack, Shack-cago Dog, ‘Shroom Burger, seasonal frozen custard, hand-spun shakes, concretes, ShackMeister Ale, and Shack Red and Shack White wines.
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