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SHAK

Shake Shack

$95.52

-2 (-2.05%)

06:22
09/30/19
09/30
06:22
09/30/19
06:22

Deutsche Bank starts Shake Shack at Hold, says wait for better entry point

Deutsche Bank analyst Brian Mullan initiated coverage of Shake Shack with a Hold rating and $90 price target. The stock closed Friday down $2.01 to $95.52. Shake Shack is a "truly differentiated brand" within the restaurant industry and has a "compelling" long-term growth opportunity, Mullan tells investors in a research note. However, with the shares up 115% year-to-date, the analyst thinks the market is pricing in a lot of the positive factors at this point in time. As such, he advocates patience and prefers to wait for a better entry point into Shake Shack shares.

SHAK Shake Shack
$95.52

-2 (-2.05%)

08/15/19
RHCO
08/15/19
NO CHANGE
Target $102
RHCO
Buy
Shake Shack price target raised to $102 from $86 at SunTrust
SunTrust analyst Jake Bartlett raised his price target on Shake Shack (SHAK) to $102 and kept his Buy rating after his investor meeting with its CEO, CFO, and members of the culinary team, saying the company is testing "new menu items, new cooking equipment and new processes. The analyst notes that Shake Shack's innovation slowed this year given the company's focus on building digital sales, but he expects LTOs to become a sales driver in 2020. Bartlett further notes that the company's shift to a single delivery partner GrubHub (GRUB) carries some "limited" near term risks but also "clear" long term benefits.
09/05/19
PIPR
09/05/19
NO CHANGE
Target $109
PIPR
Overweight
Shake Shack price target raised to $109 from $105 at Piper Jaffray
Piper Jaffray analyst Nicole Miller Regan raised her price target for Shake Shack to $109 from $105 saying the company continues to perform fundamentally and benefit from scarcity value in relation to the restaurant cycle. Long-term committed investors should continue buying Shake Shack shares, Regan tells investors in a research note. She reiterates an Overweight rating on the name.
09/17/19
STFL
09/17/19
NO CHANGE
Target $80
STFL
Hold
Shake Shack price target raised to $80 from $65 at Stifel
Stifel analyst Chris O'Cull raised his price target for Shake Shack to $80 from $65 while keeping a Hold rating on the shares. The stock is up 122% year-to-date due to better revenue performance and investor confidence that same-restaurant-sales gains may accelerate as a result of a national delivery partnership, O'Cull tells investors in a research note. Further, investors believe the worst of the margin pressure is behind Shake Shack due to better supply chain pricing for its Chick'n Bites, higher menu prices, and less legislated labor cost pressure in its core New York City market starting in 2020, adds the analyst. O'Cull's new price target reflects increased new unit contribution for the next few years as well as a higher margin assumption.
09/30/19
DBAB
09/30/19
INITIATION
Target $90
DBAB
Hold
Shake Shack initiated with a Hold at Deutsche Bank
Deutsche Bank started Shake Shack with a Hold rating and $90 price target.

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