Morgan Stanley Sticks to Its Hold Rating for Shake Shack


In a report released today, John Glass from Morgan Stanley maintained a Hold rating on Shake Shack (NYSE: SHAK), with a price target of $47. The company’s shares opened today at $52.87.

According to TipRanks.com, Glass is a 4-star analyst with an average return of 10.7% and a 61.8% success rate. Glass covers the Services sector, focusing on stocks such as Restaurant Brands International, Jack In The Box Inc, and Starbucks Corp.

Currently, the analyst consensus on Shake Shack is Hold and the average price target is $47.50, representing a -10.2% downside.

In a report released today, Wedbush also maintained a Hold rating on the stock with a $48 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $58.98 and a one-year low of $30.12. Currently, Shake Shack has an average volume of 827.2K.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock.

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, Inc. is a holding company, which engages in operating fast food hamburger restaurants. It offers angus beef burgers and flat-top dogs, cage-free chicken, spun-fresh frozen custard, crinkle cut fries, craft beer, and wine. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.

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