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SHAK

Shake Shack

$61.70

0.7 (1.15%)

16:21
10/09/18
10/09
16:21
10/09/18
16:21

Shake Shack initiated with a Hold at Stifel

Stifel initiated Shake Shack with a Hold and $65 price target.

  • 06

    Nov

SHAK Shake Shack
$61.70

0.7 (1.15%)

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.
08/14/18
PIPR
08/14/18
NO CHANGE
Target $64
PIPR
Overweight
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.
08/17/18
RHCO
08/17/18
NO CHANGE
Target $66
RHCO
Buy
Shake Shack cannibalization to ease in the second half, says SunTrust
SunTrust analyst Jake Bartlett kept his Buy rating and $66 price target on Shake Shack, saying he is more confident in his expectations of comps rising 1% in the second half of 2018 from the anticipated reduction in sales cannibalization. For FY18, Bartlett sees cannibalization impact on comps easing to 2.7% from 3.8% last year, though the "back-end loaded development" plans for the company suggests that it will remain an issue in the long run. The analyst remains positive on Shake Shack management's execution ability and the early stage of its expansion cycle, adding the company is a "very strong concept, which hits the consumer sweet spot of quality food and service for a reasonable price".

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