Zacks Investment Research announced Shake Shack Inc (NYSE:SHAK), bumping up its stock price target to $38.00 today
- Updated: October 5, 2016
In a report issued Wednesday October 05, 2016 Zacks Investment Research bumped up the target of Shake Shack Inc (NYSE:SHAK) to $38.00 reporting a potential upside of 0.10%.
On 9/05/2016, Vetr Inc. released a statement about Shake Shack Inc (NYSE:SHAK) upped the target price from $0.00 to $39.64 that suggested an upside of 0.13%.
Yesterday Shake Shack Inc (NYSE:SHAK) traded 3.01% higher at $34.64. The company’s 50-day moving average is $35.23 and its 200-day moving average is $36.51. The last closing price is down -5.20% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 534,954 shares of SHAK traded hands, down from an average trading volume of 950,497
Recent Performance Chart
Shake Shack Inc has 52 week low of $30.00 and a 52 week high of $53.50 with a PE ratio of 85.46 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 10 firms have reported on the stock. The consensus target price is $39.90 with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, six analysts rating the company a hold, two analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
More 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 has approximately 84 Shacks in over 10 countries and approximately 45 cities. 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. 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 (GMO) potato bun.
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