Shake Shack (SHAK) : Analyst Rating Update

Shake Shack (SHAK) has an average broker rating of 2.48, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Shake Shack (SHAK) stock is expected to deviate a maximum of $5.23 from the average target price of $44.19 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $54 and the most muted being $39.

Shake Shack (NYSE:SHAK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.62 and $35.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.54, notching a gain of 2.30% for the day. The total traded volume was 598,533 . The stock had closed at $35.72 on the previous day.

Also, Buckingham Research initiates coverage on Shake Shack (NYSE:SHAK) . The global brokerage major announces a current price target of $45 per share. Analysts at the Buckingham Research have a current rating of Buy on the shares. The rating by the firm was issued on June 16, 2016. The company shares have dropped -30.95% from its 1 Year high price. On Aug 11, 2015, the shares registered one year high at $75.90 and the one year low was seen on Jan 14, 2016. The 50-Day Moving Average price is $36.24 and the 200 Day Moving Average price is recorded at $36.39.

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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