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A statement released earlier today by Vetr Inc. about Shake Shack Inc (NYSE:SHAK) raises the target price to $42.33

Yesterday Shake Shack Inc (NYSE:SHAK) traded 2.59% higher at $38.31. The company’s 50-day moving average is $31.39 and its 200-day moving average is $33.01. The last closing price is up -2.86% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 717,870 shares of the stock traded hands, up from an average trading volume of 521,200

In a report released on 6/20/2017 Vetr Inc. increased the stock price target of Shake Shack Inc (NYSE:SHAK) to $42.33 indicating a possible upside of 0.10%.

Previously on 06/14/2017, Vetr Inc. reported on Shake Shack Inc (NYSE:SHAK) increased the target price from $0.00 to $42.33. At the time, this indicated a possible upside of 0.13%.

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Shake Shack Inc (NYSE:SHAK)

Shake Shack Inc has a 52 week low of $30.52 and a 52 week high of $39.70 with a P/E ratio of 55.85 The company’s market cap is currently $0.

In addition to Vetr Inc. reporting its stock price target, a total of 10 brokers have issued a report on the company. The average stock price target is $39.90 with 2 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 6 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Shake Shack Inc (NYSE:SHAK)

Shake Shack Inc. operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company's signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard. Its menu focuses on food and beverages, crafted from a range of classic American foods. The Company's domestic menu includes a range of signature items, such as the ShackBurger, SmokeShack, Shack-cago Dog, 'Shroom Burger, seasonal frozen custard, hand-spun shakes, concretes, ShackMeister Ale, and Shack Red and Shack White wines. As of December 28, 2016, it had 114 Shacks in 13 countries and 16 states, as well as the District of Columbia. Its burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order and served on a non-genetically modified organism potato bun.

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