Loop Capital Markets analyst Alton Stump maintained a Hold rating on Shake Shack (SHAK – Research Report) today and set a price target of $108.00. The company’s shares closed yesterday at $104.94.
Stump covers the Consumer Cyclical sector, focusing on stocks such as Jack In The Box, Domino’s Pizza, and McDonald’s. According to TipRanks, Stump has an average return of 4.0% and a 53.59% success rate on recommended stocks.
In addition to Loop Capital Markets, Shake Shack also received a Hold from UBS’s Dennis Geiger in a report issued today. However, on the same day, Truist Financial maintained a Buy rating on Shake Shack (NYSE: SHAK).
SHAK market cap is currently $4.39B and has a P/E ratio of 225.46.
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 (SHAK) Company Description:
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.
