Wedbush analyst Nick Setyan maintained a Hold rating on Shake Shack (SHAK) today and set a price target of $56. The company’s shares closed yesterday at $50.07.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 7.2% and a 63.5% success rate. Setyan covers the Services sector, focusing on stocks such as Del Taco Restaurants, Jack In The Box Inc, and Cheesecake Factory.
Shake Shack has an analyst consensus of Moderate Buy, with a price target consensus of $56.13, which is a 12.1% upside from current levels. In a report issued on November 2, Barclays also maintained a Hold rating on the stock with a $56 price target.
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The company has a one-year high of $70.12 and a one-year low of $35.96. Currently, Shake Shack has an average volume of 729.9K.
Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock.
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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.
