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SHAK

Shake Shack

$41.78

-0.53 (-1.25%)

07:28
12/07/17
12/07
07:28
12/07/17
07:28

Shake Shack upgraded at Morgan Stanley amid fastest new openings pace in sector

As previously reported, Morgan Stanley analyst John Glass upgraded Shake Shack to Equal Weight from Underweight, noting that the company has lifted its unit openings forecast in each of the last three years and is now growing company units at nearly 40%, which he points out is the fastest in the restaurant sector. Additionally, better disclosures from the company have increased his confidence in his long-term model and validated strong performance at the store level, added Glass, who raised his price target on Shake Shack shares to $41 from $34.

  • 08

    Jan

SHAK Shake Shack
$41.78

-0.53 (-1.25%)

11/02/17
JEFF
11/02/17
NO CHANGE
Target $36
JEFF
Hold
Shake Shack growth story reflected in valuation, says Jefferies
Jefferies analyst Andy Barish says Shake Shack's Q3 results were as expected with better overall revenue, driven by new restaurant openings, but still negative same-store-sales. The company's 2018 unit growth is "impressive" with 32-35 new co-owned units, but margin pressure will remain from increased labor and growth investments, Barish tells investors in a post-earnings research note. Shake Shack remains a "big-growth story," but this appears reflected in valuation at current levels, the analyst contends. He raised his price target for the shares to $36 from $34 and keeps a Hold rating on the name.
12/06/17
WELS
12/06/17
NO CHANGE
WELS
Tax reform-driven EPS accretion would be sizeable for restaurant sector, says Wells Fargo
Wells Fargo analyst Jeff Farmer says that small cap companies including Del Taco (TACO), Habit Restaurants (HABT), El Pollo Loco (LOCO), Shake Shack (SHAK) and Noodles & Company (NDLS) could see the largest EPS accretion tailwind from a reduced corporate tax rate, with Red Robin (RRGB), Restaurant Brands (QSR), Yum! Brands (YUM) and Bloomin' Brands (BLMN) the companies that could see the smallest tailwind. The analyst notes that recent restaurant sector rally indicates that virtually the entire sector has benefitted from anticipation of potential tax reform, with the most heavily shorted names seeing an amplified share price move.
12/06/17
FBCO
12/06/17
NO CHANGE
FBCO
Shake Shack, Chipotle among tax reform beneficiaries, says Credit Suisse
Credit Suisse analyst Jason West believes tax reform could have a material impact on restaurant EPS and free cash flow since most profits are generated in the U.S. The analyst sees the top tax reform beneficiaries including Shake Shack (SHAK), Chipotle (CMG), Jack in the Box (JACK), Wingstop (WING), and Dunkin' Brands (DNKN), while companies least-benefited by tax reform tend to be global franchisors with already-low tax rates, such as Restaurant Brands (QSR), McDonald's (MCD) and Yum! Brands (YUM).
12/07/17
MSCO
12/07/17
UPGRADE
MSCO
Equal Weight
Shake Shack upgraded to Equal Weight from Underweight at Morgan Stanley

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ACBI

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WPM

Wheaton Precious Metals

$15.97

0.25 (1.59%)

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ZTO

ZTO Express

$16.08

0.26 (1.64%)

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  • 14

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ZTO

ZTO Express

$16.08

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  • 14

    Nov

ZTO

ZTO Express

$16.08

0.26 (1.64%)

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AVYA

Avaya

$15.75

-0.09 (-0.57%)

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MTEX

Mannatech

$16.70

(0.00%)

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KREF

KKR Real Estate Finance

$20.56

-0.06 (-0.29%)

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ORN

Orion Group

$4.60

0.01 (0.22%)

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WEX

Wex

$157.62

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CASI

Casi Pharmaceuticals

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General news
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AJX

Great Ajax

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BBT

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ADP

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LOW

Lowe's

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, UTX

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