Shake Shack (SHAK) Shares are Up 0.72%

Shake Shack (SHAK) : Traders are bullish on Shake Shack (SHAK) as it has outperformed the S&P 500 by a wide margin of 6.88% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.3%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.72% in the last 1 week, and is up 9.54% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Shake Shack (NYSE:SHAK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.31 and $39.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.30, notching a gain of 3.87% for the day. The total traded volume was 767,023 . The stock had closed at $38.80 on the previous day.

The stock has recorded a 20-day Moving Average of 3.02% and the 50-Day Moving Average is 7.4%. Shake Shack Inc. is up 17.39% in the last 3-month period. Year-to-Date the stock performance stands at 1.77%.

Shake Shack (SHAK) : 9 investment research analysts covering Shake Shack (SHAK) have an average price target of $41.33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $50 and the lowest target is $30 for the short term. Analysts expect the variance to be within $5.87 of the average price.


Shake Shack Inc. (Shake Shack) is a holding company with no direct operations and its principal asset is the equity interest in SSE Holdings, LLC (SSE Holdings). The Company holds 33.3% ownership interest in SSE Holdings. SSE Holdings operates and licenses restaurants in the global restaurant industry, serving hamburgers, hot dogs, crinkle-cut fries, shakes, frozen custard, beer and wine. As of December 31, 2014, the Company had 63 Shake Shack restaurants (Shacks) in nine countries and 34 cities. The Company owns and operates Shacks in 10 states and the District of Columbia. As of December 31, 2014, the Company had 31 company-operated Shacks in operation in the United States. The Company also has license arrangements with affiliated and unaffiliated operators to develop and operate Shacks. As of December 31, 2014, 32 licensed Shacks were in operation under license agreements in North America, Europe and Asia.

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