Barclays Sticks to Its Hold Rating for Shake Shack (SHAK)
In a report released today, Jeff Bernstein from Barclays maintained a Hold rating on Shake Shack (SHAK), with a price target of $60.00. The company’s shares closed last Monday at $63.72.
According to TipRanks.com, Bernstein is a 5-star analyst with an average return of 8.9% and a 72.4% success rate. Bernstein covers the Services sector, focusing on stocks such as Performance Food Group, Dine Brands Global, and Cheesecake Factory.
The word on The Street in general, suggests a Hold analyst consensus rating for Shake Shack with a $79.00 average price target, implying a 26.6% upside from current levels. In a report issued on February 14, Cowen & Co. also maintained a Hold rating on the stock with a $70.00 price target.
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Shake Shack’s market cap is currently $2.48B and has a P/E ratio of 112.05. The company has a Price to Book ratio of 8.52.
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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.