Raymond James Remains a Sell on Shake Shack (SHAK)

In a report released today, Brian Vaccaro from Raymond James reiterated a Sell rating on Shake Shack (SHAK). The company’s shares closed last Thursday at $105.62.

According to TipRanks.com, Vaccaro is a 4-star analyst with an average return of 13.9% and a 54.3% success rate. Vaccaro covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Carrols Restaurant Group, and Brinker International.

The word on The Street in general, suggests a Hold analyst consensus rating for Shake Shack with a $112.54 average price target.

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Based on Shake Shack’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $158 million and GAAP net loss of $19.43 million. In comparison, last year the company earned revenue of $151 million and had a GAAP net loss of $2.09 million.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SHAK in relation to earlier this year.

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 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.

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