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 $68.97.

According to TipRanks.com, Vaccaro is a 1-star analyst with an average return of -0.3% and a 47.1% success rate. Vaccaro covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Carrols Restaurant Group, and Brinker International.

Shake Shack has an analyst consensus of Hold, with a price target consensus of $66.09, a -0.3% downside from current levels. In a report issued on October 20, J.P. Morgan also maintained a Sell rating on the stock with a $55.00 price target.

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Based on Shake Shack’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $91.79 million and GAAP net loss of $16.21 million. In comparison, last year the company earned revenue of $153 million and had a net profit of $9.03 million.

Based on the recent corporate insider activity of 46 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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