Shake Shack (NYSE:SHAK) “Underweight” Rating Kept Today By Morgan Stanley; The PT is $34

November 15, 2017 - By Winifred Garcia

 Shake Shack (NYSE:SHAK)

Shake Shack (NYSE:SHAK) Rating Reaffirmed

They currently have a $34 target on Shake Shack (NYSE:SHAK). The target price by Morgan Stanley would suggest a potential downside of -10.53 % from the company’s stock close price. This has been shown in an analyst note on Thursday, 2 November.

Shake Shack Inc (NYSE:SHAK) Ratings Coverage

Among 13 analysts covering Shake Shack (NYSE:SHAK), 6 have Buy rating, 1 Sell and 6 Hold. Therefore 46% are positive. Shake Shack has $56.34 highest and $30 lowest target. $40.34’s average target is 6.16% above currents $38 stock price. Shake Shack had 37 analyst reports since August 11, 2015 according to SRatingsIntel. On Thursday, August 20 the stock rating was upgraded by Vetr to “Hold”. The company was upgraded on Thursday, May 18 by Wedbush. Cowen & Co maintained Shake Shack Inc (NYSE:SHAK) on Thursday, November 2 with “Hold” rating. The firm has “Buy” rating given on Friday, May 5 by Buckingham Research. Jefferies maintained the stock with “Hold” rating in Tuesday, August 22 report. The firm earned “Outperform” rating on Tuesday, January 19 by William Blair. The rating was maintained by Jefferies on Tuesday, October 10 with “Hold”. The stock of Shake Shack Inc (NYSE:SHAK) earned “Strong Sell” rating by Vetr on Friday, August 14. The company was maintained on Thursday, August 11 by Jefferies. Jefferies maintained Shake Shack Inc (NYSE:SHAK) on Tuesday, June 13 with “Hold” rating.

It closed at $38 lastly. It is down 9.19% since November 15, 2016 and is uptrending. It has underperformed by 7.51% the S&P500.

Wall Street await Shake Shack Inc (NYSE:SHAK) to release earnings on March, 7. Analysts forecast earnings per share of $0.05, down exactly $0.04 or 44.44 % from 2014’s $0.09 EPS. The expected SHAK’s profit could reach $1.84 million giving the stock 190.00 P/E in the case that $0.05 earnings per share is reported. After posting $0.17 EPS for the previous quarter, Shake Shack Inc’s analysts now forecast -70.59 % negative EPS growth.

Shake Shack Inc. operates roadside burger stands. The company has market cap of $1.40 billion. The Firm serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. It has a 61.69 P/E ratio. 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.

More notable recent Shake Shack Inc (NYSE:SHAK) news were published by: Benzinga.com which released: “Shake Shack, Time Warner, And More: Fast Money Picks For November 7” on November 07, 2017, also Usnews.com with their article: “Shake Shack Third-Quarter Profit Jumps 33 Percent” published on November 01, 2017, Nasdaq.com published: “Earnings Reaction History: SHAKE SHACK INC, 36.4% Follow-Through Indicator, 6 …” on November 01, 2017. More interesting news about Shake Shack Inc (NYSE:SHAK) were released by: Fool.com and their article: “Shake Shack is not a buy” published on November 07, 2017 as well as Bloomberg.com‘s news article titled: “Shake Shack Boosts Sales Forecast With Stepped-Up Expansion Plan” with publication date: November 01, 2017.

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