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SHAK

Shake Shack

$41.21

1.57 (3.96%)

16:55
02/15/18
02/15
16:55
02/15/18
16:55

Shares of Shake Shack fall after reporting Q4 results, guidance

Shares of Shake Shack are down over 2% in after-hours trading to $40.30 per share after reporting Q4 results and guidance.

  • 15

    Feb

SHAK Shake Shack
$41.21

1.57 (3.96%)

12/19/17
COWN
12/19/17
NO CHANGE
Target $42
COWN
Market Perform
Shake Shack price target raised to $42 from $36 at Cowen
Cowen analyst Andrew Charles raised his price target on Shake Shack to $42 from $36 as he believes the company would benefit from food delivery, which could drive upside to consensus same-store-sales estimates. Charles said labor and regulatory issues, along with necessary investments to support growth, keep him at a Market Perform rating on the shares.
12/22/17
JEFF
12/22/17
DOWNGRADE
Target $36
JEFF
Underperform
Shake Shack downgraded to Underperform from Hold at Jefferies
Jefferies analyst Andy Barish downgraded Shake Shack to Underperform with an unchanged price target of $36. The stock closed yesterday up 7c to $46.20. The analyst still believes in the long-term growth opportunity for Shake Shack, but thinks much of that is already discounted in the current valuation. He sees the company's traffic remaining negative in 2018 due to cannibalization, high volumes and a small comp base. Barish calls Shake Shack overvalued following the recent rally in the shares.
12/22/17
12/22/17
DOWNGRADE

On The Fly: Top analyst downgrades
Catch up on today's top analyst downgrades with this list compiled by The Fly: 1. Dynagas LNG (DLNG) downgraded to Hold from Buy at Stifel with analyst Benjamin Nolan saying although the new three-year contract extension with Statoil (STO) improves cash flow visibility, the rates were below expectations and the cash flow gap has widened. 2. Hovnanian (HOV) downgraded to Sell from Neutral at MKM Partners wiht analyst Megan McGrath saying the large positive move up on the heels of its earnings report followed what she viewed as "only a mildly positive quarter." 3. Bojangles (BOJA) was downgraded to Hold from Buy at Jefferies while Wingstop (WING) and Shake Shack (SHAK) were downgraded to Underperform from Hold. 4. WWE (WWE) and Live Nation (LYV) were downgraded to Neutral from Buy at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/03/18
RHCO
01/03/18
NO CHANGE
Target $60
RHCO
Buy
Shake Shack price target raised to $60 from $50 at SunTrust
SunTrust analyst Jake Bartlett raised his price target on Shake Shack to $60 as part of his "Buy the Tax News" research note on Restaurants. Bartlett says the company is the fastest growing publicly traded restaurant with a 4-year CAGR rate of 44% through 2017. The analyst notes that the company has topped its initial guidance in each of the last 3 years by a wide margin, and believes the initial forecast for FY18 may also prove to be conservative.

TODAY'S FREE FLY STORIES

ATVI

Activision Blizzard

$48.51

0.08 (0.17%)

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BAC

Bank of America

$24.39

-0.14 (-0.57%)

07:45
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  • 12

    Feb

NKE

Nike

$72.94

-1.4 (-1.88%)

07:45
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  • 20

    Dec

KMX

CarMax

07:42
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Recommendations
CarMax analyst commentary  »

Wedbush…

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  • 14

    Dec

  • 21

    Dec

AMD

AMD

$19.86

-0.63 (-3.07%)

, NVDA

Nvidia

$148.88

-0.02 (-0.01%)

07:42
12/14/18
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Recommendations
AMD, Nvidia analyst commentary  »

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AMD

AMD

$19.86

-0.63 (-3.07%)

NVDA

Nvidia

$148.88

-0.02 (-0.01%)

03/08/13
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  • 06

    Jan

  • 08

    Jan

  • 08

    Jan

SUP

Superior Industries

$5.94

-0.21 (-3.41%)

07:39
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12/14
07:39
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07:39
Hot Stocks
Superior Industries CEO Don Stebbins to retire »

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AAPL

Apple

$170.93

1.84 (1.09%)

07:39
12/14/18
12/14
07:39
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07:39
Periodicals
Notable Apple analyst cuts iPhone shipment estimate by 20%, CNBC says »

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CIEN

Ciena

$34.90

2.765 (8.60%)

07:38
12/14/18
12/14
07:38
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07:38
Downgrade
Ciena rating change  »

Ciena downgraded to Hold…

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CIEN

Ciena

$34.90

2.765 (8.60%)

07:36
12/14/18
12/14
07:36
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07:36
Recommendations
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Ciena price target raised…

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BAC

Bank of America

$24.39

-0.14 (-0.57%)

, C

Citi

$55.77

-0.22 (-0.39%)

07:35
12/14/18
12/14
07:35
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07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

BAC

Bank of America

$24.39

-0.14 (-0.57%)

C

Citi

$55.77

-0.22 (-0.39%)

JD

JD.com

$22.71

0.81 (3.70%)

WFC

Wells Fargo

$47.03

-0.72 (-1.51%)

M

Macy's

$30.80

-1.0425 (-3.27%)

SBUX

Starbucks

$66.90

0.8 (1.21%)

CLF

Cleveland-Cliffs

$8.23

-0.135 (-1.61%)

MET

MetLife

$39.52

-0.05 (-0.13%)

NWL

Newell Brands

$22.78

-0.785 (-3.33%)

MRVL

Marvell

$15.64

0.29 (1.89%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 14

    Dec

  • 14

    Dec

  • 06

    Jan

  • 08

    Jan

  • 14

    Jan

  • 15

    Jan

  • 12

    Feb

  • 12

    Apr

  • 15

    Apr

  • 18

    Jun

  • 13

    Jul

  • 13

    Jul

  • 12

    Oct

ICLR

Icon

$136.31

-1.83 (-1.32%)

07:34
12/14/18
12/14
07:34
12/14/18
07:34
Downgrade
Icon rating change  »

Icon downgraded to Buy…

03/08/13
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03/08/13
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03/06/13
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ORTX

Orchard Therapeutics

$15.01

-0.29 (-1.90%)

07:33
12/14/18
12/14
07:33
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07:33
Hot Stocks
Orchard Therapeutics, SIRION Biotech enter license agreement for LentiBOOST »

Orchard Therapeutics and…

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AMRX

Amneal Pharmaceuticals

$16.33

-0.24 (-1.45%)

07:32
12/14/18
12/14
07:32
12/14/18
07:32
Downgrade
Amneal Pharmaceuticals rating change  »

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  • 28

    Feb

GE

General Electric

$7.20

0.48 (7.14%)

, OSTK

Overstock.com

$17.97

-1.13 (-5.92%)

07:30
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Options
Unusual put flow in option market yesterday »

Notable put activity was…

GE

General Electric

$7.20

0.48 (7.14%)

OSTK

Overstock.com

$17.97

-1.13 (-5.92%)

GME

GameStop

$12.79

-0.445 (-3.36%)

ESRX

Express Scripts

$98.94

2.03 (2.09%)

CC

Chemours

$27.15

0.485 (1.82%)

03/08/13
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07:30
12/14/18
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General news
Treasury Market Outlook: yields are dropped on risk-off flows »

Treasury Market Outlook:…

SEE

Sealed Air

$32.41

-1.05 (-3.14%)

07:29
12/14/18
12/14
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07:29
Upgrade
Sealed Air rating change  »

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ADBE

Adobe

$247.71

2.27 (0.92%)

07:27
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Adobe analyst commentary  »

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COST

Costco

$226.41

-1.41 (-0.62%)

07:25
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V

Visa

$137.58

-0.26 (-0.19%)

07:25
12/14/18
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07:25
Conference/Events
Visa management to meet with Wedbush »

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  • 18

    Dec

  • 29

    Jan

BECN

Beacon Roofing

$31.84

-0.22 (-0.69%)

07:24
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07:24
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Beacon Roofing rating change  »

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REG

Regency Centers

$62.26

0.06 (0.10%)

07:24
12/14/18
12/14
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07:24
Downgrade
Regency Centers rating change  »

Regency Centers…

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  • 14

    Feb

DRGDF

Detour Gold

$0.00

(0.00%)

07:19
12/14/18
12/14
07:19
12/14/18
07:19
Downgrade
Detour Gold rating change  »

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MCD

McDonald's

$186.53

2.99 (1.63%)

, YUM

Yum! Brands

$93.49

3.02 (3.34%)

07:19
12/14/18
12/14
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07:19
Recommendations
McDonald's, Yum! Brands analyst commentary  »

JPMorgan calls…

MCD

McDonald's

$186.53

2.99 (1.63%)

YUM

Yum! Brands

$93.49

3.02 (3.34%)

03/08/13
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NNN

National Retail Properties

$50.86

0.94 (1.88%)

07:18
12/14/18
12/14
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12/14/18
07:18
Downgrade
National Retail Properties rating change  »

National Retail…

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DRGDF

Detour Gold

$0.00

(0.00%)

07:16
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12/14
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07:16
Downgrade
Detour Gold rating change  »

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