Raymond James analyst Brian Vaccaro maintained a Sell rating on Shake Shack (SHAK) today. The company’s shares closed last Tuesday at $101.55.
According to TipRanks.com, Vaccaro is a 4-star analyst with an average return of 5.9% and a 52.3% 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 $73.83 average price target.
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Shake Shack’s market cap is currently $3.78B and has a P/E ratio of -130.40. The company has a Price to Book ratio of 9.09.
Based on the recent corporate insider activity of 61 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. Most recently, in November 2020, Randall Garutti, the CEO of SHAK sold 75,000 shares for a total of $5,952,062.
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.