Shake Shack (SHAK) was Upgraded to a Buy Rating at Wedbush
Shake Shack (SHAK) received a Buy rating and a $118.00 price target from Wedbush analyst Nick Setyan today. The company’s shares closed last Monday at $84.59.
According to TipRanks.com, Setyan is a 5-star analyst with an average return of 15.0% and a 60.0% success rate. Setyan covers the Services sector, focusing on stocks such as Papa John’s International, Del Taco Restaurants, and Dine Brands Global.
Shake Shack has an analyst consensus of Hold, with a price target consensus of $106.50, which is a 26.9% upside from current levels. In a report released today, Goldman Sachs also upgraded the stock to Buy with a $109.00 price target.
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The company has a one-year high of $138.38 and a one-year low of $47.12. Currently, Shake Shack has an average volume of 794.4K.
Based on the recent corporate insider activity of 67 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.
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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.