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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%)

11/06/18
LBOW
11/06/18
UPGRADE
LBOW
Buy
Shake Shack upgraded to Buy from Neutral at Longbow
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.
11/02/18
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.
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.

TODAY'S FREE FLY STORIES

OI

Owens-Illinois

$16.76

0.55 (3.39%)

06:52
11/14/18
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06:52
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Owens-Illinois initiates dividend of 5c, raises share repurchase to $600M »

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PENN

Penn National

$19.76

-0.3 (-1.50%)

06:52
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06:52
Recommendations
Penn National analyst commentary  »

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MTOR

Meritor

$16.82

-0.08 (-0.47%)

06:51
11/14/18
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06:51
Earnings
Meritor sees FY19 adj. EPS about $3.10, consensus $3.32 »

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LLY

Eli Lilly

$111.85

-0.77 (-0.68%)

06:51
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11/14
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Hot Stocks
Eli Lilly submits NDA for lasmiditan, gets breakthrough designation for Emgality »

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    Dec

06:50
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General news
European stock markets pared some of their losses »

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GOOS

Canada Goose

$58.60

1.51 (2.64%)

06:49
11/14/18
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06:49
Earnings
Canada Goose raises FY19 adj. EPS growth view to at least 25% from at least 40% »

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    Nov

SGMO

Sangamo

$10.80

0.8 (8.00%)

, BMRN

BioMarin

$93.51

0.43 (0.46%)

06:49
11/14/18
11/14
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06:49
Downgrade
Sangamo, BioMarin, Spark Therapeutics rating change  »

JPMorgan downgrades…

SGMO

Sangamo

$10.80

0.8 (8.00%)

BMRN

BioMarin

$93.51

0.43 (0.46%)

ONCE

Spark Therapeutics

$42.74

1.12 (2.69%)

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    Nov

MTOR

Meritor

$16.82

-0.08 (-0.47%)

06:49
11/14/18
11/14
06:49
11/14/18
06:49
Earnings
Meritor reports Q4 adj. EPS 82c, consensus 71c »

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MRK

Merck

$74.62

-0.06 (-0.08%)

06:48
11/14/18
11/14
06:48
11/14/18
06:48
Hot Stocks
Merck: Phase 3 KEYNOTE-181 trial met a primary endpoint of overall survival »

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WFC

Wells Fargo

$52.74

0.38 (0.73%)

06:47
11/14/18
11/14
06:47
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06:47
Periodicals
Departure of top Wells Fargo exec Hardison shows rift with regulator, WSJ says »

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TRU

TransUnion

$64.43

-0.41 (-0.63%)

06:47
11/14/18
11/14
06:47
11/14/18
06:47
Hot Stocks
TransUnion CEO James Peck to retire, Chris Cartwright to succeed »

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GOOS

Canada Goose

$58.60

1.51 (2.64%)

06:46
11/14/18
11/14
06:46
11/14/18
06:46
Earnings
Canada Goose reports Q2 adjusted EPS 46c, consensus (7c) »

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  • 14

    Nov

K

Kellogg

$63.48

-0.81 (-1.26%)

, GIS

General Mills

$45.50

-0.2 (-0.44%)

06:46
11/14/18
11/14
06:46
11/14/18
06:46
Downgrade
Kellogg, General Mills, Kraft Heinz rating change  »

JPMorgan downgrades…

K

Kellogg

$63.48

-0.81 (-1.26%)

GIS

General Mills

$45.50

-0.2 (-0.44%)

KHC

Kraft Heinz

$53.38

-0.29 (-0.54%)

03/08/13
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  • 03

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06:45
11/14/18
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General news
Breaking General news story  »

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JNCE

Jounce Therapeutics

$4.40

-0.06 (-1.35%)

06:40
11/14/18
11/14
06:40
11/14/18
06:40
Downgrade
Jounce Therapeutics rating change  »

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AMZN

Amazon.com

$1,631.68

-5.02 (-0.31%)

06:38
11/14/18
11/14
06:38
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06:38
Periodicals
Amazon says over 10,000 workers are developing Alexa, Echo, WSJ reports »

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NOVN

Novan

$2.50

-0.04 (-1.57%)

06:38
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Novan Phase 2 molluscum contagiosum trial achieves statistical significance »

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LLESY

Lendlease Group

$0.00

(0.00%)

06:37
11/14/18
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06:37
11/14/18
06:37
Upgrade
Lendlease Group rating change  »

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VICI

VICI Properties

$21.47

-0.03 (-0.14%)

06:36
11/14/18
11/14
06:36
11/14/18
06:36
Syndicate
VICI Properties files to sell 25M shares of common stock »

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HOLI

Hollysys

$18.58

-0.37 (-1.95%)

06:36
11/14/18
11/14
06:36
11/14/18
06:36
Earnings
Hollysys reports Q1 adjusted EPS 46c vs. 36c last year »

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  • 14

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ATRO

Astronics

$28.50

-0.13 (-0.45%)

06:35
11/14/18
11/14
06:35
11/14/18
06:35
Earnings
Astronics sees FY19 Aerospace revenue $710M-$745M »

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HOLI

Hollysys

$18.58

-0.37 (-1.95%)

06:35
11/14/18
11/14
06:35
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06:35
Upgrade
Hollysys rating change  »

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  • 14

    Nov

GOOG

Alphabet

$1,036.33

-2.89 (-0.28%)

, GOOGL

Alphabet Class A

$1,048.54

-1.06 (-0.10%)

06:34
11/14/18
11/14
06:34
11/14/18
06:34
Periodicals
Google to double New York City staff over next ten years, WSJ reports »

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GOOG

Alphabet

$1,036.33

-2.89 (-0.28%)

GOOGL

Alphabet Class A

$1,048.54

-1.06 (-0.10%)

AMZN

Amazon.com

$1,631.68

-5.02 (-0.31%)

03/08/13
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ZYME

Zymeworks

$13.04

-0.2 (-1.51%)

06:33
11/14/18
11/14
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06:33
Hot Stocks
Zymeworks updates clinical data for ZW25 anti-tumor candidate »

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ATRO

Astronics

$28.50

-0.13 (-0.45%)

06:33
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11/14
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Hot Stocks
Astronics sells semiconductor test business to Advantest for $185M in cash »

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