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SHAK

Shake Shack

$48.61

1.13 (2.38%)

09:53
11/06/18
11/06
09:53
11/06/18
09:53

Shake Shack upgraded to Buy after selloff at Longbow

As previously reported, Longbow analyst Alton Stump upgraded Shake Shack to Buy from Neutral prior to the market open, stating that while the sharp negative reaction to Shake Shack's comp miss in Q3 was not surprising, he sees nothing wrong fundamentally with the business model that led to the "modest" sequential deceleration in comps last quarter. Stump, who is confident Shake Shack's same-store sales profile can return to at least low-single digit growth over the next year, set a $60 price target on the shares.

  • 06

    Nov

  • 13

    Nov

SHAK Shake Shack
$48.61

1.13 (2.38%)

10/10/18
10/10/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Take-Two (TTWO) initiated with an Outperform at Bernstein. 2. Shake Shack (SHAK) initiated with a Hold at Stifel. 3. Nu Skin (NUS) initiated with a Buy at DA Davidson. 4. Micron (MU) initiated with a Neutral at Piper Jaffray. 5. Crispr Therapeutics (CRSP) initiated with an Outperform at Wells Fargo. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/02/18
PIPR
11/02/18
NO CHANGE
Target $62
PIPR
Overweight
Shake Shack earnings selloff a buying opportunity, says Piper Jaffray
The Shake Shack same-store sales miss in Q3 "is modest" when considering the negative 0.7% result compared to the positive 0.9% consensus, but is likely viewed as more material considering negative versus positive performance, Piper Jaffray analyst Nicole Miller Regan tells investors in a post-earnings research note. However, the company continues to open very high volume restaurants and profits should be a measure of equal importance, says the analyst. Regan would use the post-earnings pullback as a long-term buying opportunity in Shake Shack. She lowered her price target for the shares to $62 from $64 and reiterates an Overweight rating on the name.
11/02/18
RHCO
11/02/18
NO CHANGE
Target $60
RHCO
Buy
Shake Shack price target lowered to $60 from $66 at SunTrust
SunTrust analyst Jake Bartlett lowered his price target on Shake Shack to $60 after its Q3 results saw a miss on comps, while the Q4 guidance implied continued pressure and "sales cannibalization from new stores". The analyst also keeps his Buy rating, noting that the company's unit growth story remains compelling, even though he expects "limited near term upside" in the stock until comps return to positive growth trends.
11/06/18
LBOW
11/06/18
UPGRADE
LBOW
Buy
Shake Shack upgraded to Buy from Neutral at Longbow

TODAY'S FREE FLY STORIES

GM

General Motors

$40.01

0.48 (1.21%)

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Volkswagen

$0.00

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TWTR

Twitter

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GOGO

Gogo

$4.25

0.15 (3.66%)

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CAR

Avis Budget

$29.66

0.08 (0.27%)

15:19
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$NSD

NASDAQ Market Internals

$0.00

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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

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MRAM

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INTC

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$51.32

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NOG

Northern Oil and Gas

$2.56

0.04 (1.59%)

15:10
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Notable call buying in Northern Oil and Gas »

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15:06
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02/20
15:06
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Farm Prices data reported »

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NTES

NetEase

$231.03

1.48 (0.64%)

15:04
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02/20
15:04
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15:04
Options
NetEase options imply 10.6% move in share price post-earnings, above median historical move »

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  • 20

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ITHUF

iAnthus

$0.00

(0.00%)

15:02
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Breaking Periodicals news story on iAnthus »

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EXP

Eagle Materials

$77.88

1.21 (1.58%)

15:00
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15:00
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Notable call buying in Eagle Materials as shares fly to multi-month highs »

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  • 19

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MCS

Marcus

$40.94

1.35 (3.41%)

, NCMI

National CineMedia

$7.13

0.11 (1.57%)

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Marcus

$40.94

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NCMI

National CineMedia

$7.13

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SSNLF

Samsung

$0.00

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VIPS

Vipshop

$7.28

0.33 (4.75%)

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SSNLF

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T

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VRTU

Virtusa

$50.50

-0.61 (-1.19%)

14:46
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Conference/Events
Virtusa management to meet with JPMorgan »

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ADI

Analog Devices

$106.55

2.34 (2.25%)

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SSNLF

Samsung

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NAK

Northern Dynasty

$0.89

0.0029 (0.33%)

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TSCO

Tractor Supply

$97.56

0.53 (0.55%)

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Tractor Supply management to meet with JPMorgan »

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PWR

Quanta Services

$36.49

0.815 (2.28%)

14:40
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Repeat put buyers in Quanta Services ahead of earnings »

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