Shake Shack (SHAK) has been under a strong bear grip, hence the stock is down -0.44% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.21% in the past 1 week. The stock has risen by 1.75% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.46% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.23% and the 50-Day Moving Average is 6.9%.The 200 Day SMA reached 5.82% Shake Shack Inc. has dropped 4.19% during the last 3-month period . Year-to-Date the stock performance stands at -11.74%.
Shake Shack (SHAK) : 9 investment research analysts covering Shake Shack (SHAK) have an average price target of $40.11 for the near short term. The highest target price given by the Brokerage Firm to the stock is $48 and the lowest target is $30 for the short term. Analysts expect the variance to be within $5.56 of the average price.
Company shares have received an average consensus rating of Hold for the current week Shake Shack (NYSE:SHAK): The stock opened at $34.59 and touched an intraday high of $35.37 on Friday. During the day, the stock corrected to an intraday low of $34.46, however, the bulls stepped in and pushed the price higher to close in the green at $34.95 with a gain of 1.01% for the day. The total traded volume for the day was 1,396,404. The stock had closed at $34.95 in the previous trading session.
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.