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SHAK

Shake Shack

$56.84

0.24 (0.42%)

06:08
08/14/18
08/14
06:08
08/14/18
06:08

Piper Jaffray ups Shake Shack target to $64, calls shares undervalued

Piper Jaffray analyst Nicole Miller Regan sees two ways that shares of Shake Shack are undervalued. First, fewer restaurant stocks create scarcity value while ongoing consolidation lend valuation support, Regan tells investors in a research note. And second, the analyst says one-third of Shake Shack's unit base that is licensed is undervalued, as illustrated by her sum-of-the-parts analysis. The analyst raised her price target for the stock to $64 from $62 and keeps an Overweight rating on Shake Shack.

SHAK Shake Shack
$56.84

0.24 (0.42%)

05/23/18
LBOW
05/23/18
DOWNGRADE
LBOW
Neutral
Shake Shack downgraded to Neutral from Buy at Longbow
05/23/18
05/23/18
DOWNGRADE

Neutral
Shake Shack downgraded to Neutral on valuation at Longbow
As previously reported, Longbow downgraded Shake Shack to Neutral from Buy. Analyst Alton Stump said Shake Shack shares have surpassed his previous $54 price target and more accurately reflect his positive view on short and long-term fundamentals.
05/23/18
05/23/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Intuit (INTU) downgraded to Underweight from Equal-Weight at First Analysis with analyst James Macdonald saying he views the April quarter results as strong but views the stock as fully valued at current levels. 2. DSW (DSW) downgraded to Hold from Buy at Deutsche Bank with analyst Paul Trussell saying the company's business fundamentals are solid but the stock's valuation is full at current levels. 3. Shake Shack (SHAK) downgraded to Neutral from Buy at Longbow with analyst Alton Stump saying Shake Shack shares have surpassed his previous $54 price target and more accurately reflect his positive view on short and long-term fundamentals. 4. LTC Properties (LTC) downgraded to Underperform from Sector Perform at RBC Capital with analyst Michael Carroll saying that while the stock has traded at a premium to its peer group historically, valuation should now be more in line due to a "precipitous drop in the skilled nursing facility coverage ratios and the slight increase in leverage," even though he still sees its financial position as strong. 5. Celgene (CELG) downgraded to Hold from Buy at Argus with analyst David Toung saying he is increasingly more concerned about potential setbacks in its product pipeline as well as the company's over-reliance on Revlimid, which is about 65% of its total revenue. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/25/18
COWN
07/25/18
NO CHANGE
Target $59
COWN
Market Perform
Shake Shack needs strong beat and raise to support lofty valuation, says Cowen
Cowen analyst Andrew Charles said Shake Shack is trading at a premium valuation ahead of Q2 results. He said the lofty valuation needs to be supported by better than expected comps and a guidance raise of 1-2%, though he notes the company has never raised comp guidance by more than 150-200 basis points. Charles maintained his Market Perform rating and raised his price target to $59 from $51 on Shake Shack shares.

TODAY'S FREE FLY STORIES

PIR

Pier 1 Imports

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0.045 (2.56%)

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CULP

Culp, Inc.

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-0.1 (-0.40%)

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ED

Consolidated Edison

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0.11 (0.14%)

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DOV

Dover

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PIR

Pier 1 Imports

$1.80

0.045 (2.56%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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NASDAQ market internals summary »

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INDB

Independent Bank

$89.85

0.65 (0.73%)

, BHBK

Blue Hills Bancorp

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INDB

Independent Bank

$89.85

0.65 (0.73%)

BHBK

Blue Hills Bancorp

$23.55

0.4 (1.73%)

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PIR

Pier 1 Imports

$1.80

0.045 (2.56%)

16:16
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Earnings
Pier 1 Imports reports preliminary Q2 EPS (64c)-(62c), consensus (55c) »

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GOOD

Gladstone

$19.01

0.28 (1.49%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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Technical Analysis
NYSE market internals summary »

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MU

Micron

$46.03

0.98 (2.18%)

16:15
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Micron appoints Mike Bokan SVP Worldwide Sales »

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  • 20

    Sep

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ADVM

Adverum Biotechnologies

$5.70

-0.15 (-2.56%)

16:14
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Initiation
Adverum Biotechnologies initiated  »

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  • 01

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GBL

GAMCO Investors

$26.00

0.44 (1.72%)

, GCP

GCP Applied Technologies

$26.25

0.25 (0.96%)

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Breaking Hot Stocks news story on GAMCO Investors, GCP Applied Technologies »

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GBL

GAMCO Investors

$26.00

0.44 (1.72%)

GCP

GCP Applied Technologies

$26.25

0.25 (0.96%)

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CSLT

Castlight Health

$2.90

0.1 (3.57%)

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UNFI

United Natural Foods

$33.87

0.575 (1.73%)

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UNFI

United Natural Foods

$33.79

0.5 (1.50%)

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SCS

Steelcase

$16.10

0.8 (5.23%)

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  • 21

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FATE

Fate Therapeutics

$13.99

0.64 (4.79%)

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Syndicate
Fate Therapeutics files to sell common stock, no amount given »

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  • 01

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SCS

Steelcase

$16.10

0.8 (5.23%)

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  • 21

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T

AT&T

$33.38

0.02 (0.06%)

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  • 26

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BHBK

Blue Hills Bancorp

$23.50

0.35 (1.51%)

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KPTI

Karyopharm

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0.49 (2.65%)

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  • 01

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SCS

Steelcase

$16.05

0.75 (4.90%)

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Earnings
Steelcase sees Q3 EPS 28c-33c, consensus 25c »

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