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SHAK

Shake Shack

$50.81

0.61 (1.22%)

04:55
01/14/19
01/14
04:55
01/14/19
04:55

Shake Shack management to meet with SunTrust

Meeting to be held in Orlando on January 14 hosted by SunTrust.

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    Jan

  • 14

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  • 14

    Jan

SHAK Shake Shack
$50.81

0.61 (1.22%)

12/12/18
STFL
12/12/18
NO CHANGE
Target $55
STFL
Hold
Shake Shack price target lowered to $55 from $65 at Stifel
Stifel analyst Chris O'Cull adjusted his out-year estimates for Shake Shack after hosting a conference call with the company's CFO to reflect less G&A leverage as he expects the company to keep investing in support services to drive growth. Given the estimate shift, he lowered his price target on Shake Shack shares to $55 from $65 and keeps a Hold rating on the stock, stating that he believes cost pressures could limit margin leverage. However, O'Cull noted that management expressed a confident tone toward recent new unit performance and Shake Shack's long-term growth outlook.
12/19/18
JEFF
12/19/18
UPGRADE
JEFF
Hold
Shake Shack upgraded to Hold from Underperform at Jefferies
12/19/18
JEFF
12/19/18
UPGRADE
Target $45
JEFF
Hold
Jefferies upgrades Shake Shack to Neutral with valuation 'back to earth'
Jefferies analyst Andy Barish upgraded Shake Shack to Hold from Underperform with an unchanged price target of $45. The burger chain closed yesterday down 67c to $45.08. The analyst believes the stock is now fairly valued and reflects the company's "evolving" margin profile. Shake Shack's valuation "has come back to earth" as its "best-in-class," 20%-plus development and multiple same-store-sales drivers are balanced by "choppy" same-store-sales and "shifting" margin profile, Barish tells investors in a research note.
01/11/19
PIPR
01/11/19
NO CHANGE
PIPR
Piper lays out top restaurant stock recommendations for 2019
Restaurant stocks are back in favor, Piper Jaffray analyst Nicole Miller Regan tells investors in a research note. She believes "we are at the mid-point of the current contraction phase." Fewer stocks, a fundamentally improved supply/demand balance resulting in improved sales performance, and ongoing consolidation lend valuation support, says the analyst. She views restaurant sector as being favorably positioned "as investors shift their perspective to the eventual expansion cycle." Miller Regan's top stock recommendations for 2019 include companies with "operational momentum and strong culture as drivers," namely Darden (DRI), McDonald's (MCD) and Shake Shack (SHAK), as well as companies she has a high level of conviction on recovery situations, like Chipotle Mexican Grill (CMG). Those four are her top picks for 2019.

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