In a report released today, John Glass from Morgan Stanley reiterated a Hold rating on Shake Shack (SHAK). The company’s shares closed last Monday at $65.63.
According to TipRanks.com, Glass is a 4-star analyst with an average return of 11.7% and a 60.6% success rate. Glass covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and BJ’s Restaurants.
The word on The Street in general, suggests a Hold analyst consensus rating for Shake Shack with a $75.75 average price target, a 21.4% 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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Based on Shake Shack’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $10.34 million. In comparison, last year the company had a GAAP net loss of $958K.
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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.
