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SHAK

Shake Shack

$84.16

1.405 (1.70%)

16:09
11/04/19
11/04
16:09
11/04/19
16:09

Shake Shack raises FY19 revenue view to $592M-$597M from $585M-$590M

Consenesus $599.65M. Lowers FY19 Same-Shack sales growth view to approximately 1.5% from approximately 2% and raises licensed Shack openings, net view to 24-28 from 18-20. Still sees domestic company-operated Shack openings of 38-40. CEO Randy Garutti said, "This has been the biggest development year in Shack history as we've grown our presence around the country and internationally in the new markets of Mainland China, Singapore, the Philippines and Mexico. In 2020, we will continue to expand even further within key domestic and international markets. Overall, we continue to execute this year's plan while gearing up for the key strategic initiatives of 2020. We'll be focused more than ever on putting our people first, simplifying and supporting our operations, and enhancing our winning guest experience."

  • 04

    Nov

  • 12

    Nov

SHAK Shake Shack
$84.16

1.405 (1.70%)

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.
09/30/19
DBAB
09/30/19
INITIATION
Target $90
DBAB
Hold
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.
09/30/19
09/30/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Shake Shack (SHAK) initiated with a Hold at Deutsche Bank. 2. Bellus Health (BLU) initiated with a Buy at Jefferies as well as Guggenheim, and an Outperform at Cowen. 3. Idex Corp. (IEX) initiated with a Neutral at Citi. 4. Global Ship Lease (GSL) initiated with a Buy at B. Riley FBR. 5. Murphy Oil (MUR) initiated with an Outperform at BMO Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/25/19
WEDB
10/25/19
NO CHANGE
Target $84
WEDB
Neutral
Wedbush favors Dine Brands, 'cautious' on Cheesecake Factory into Q3 earnings
Wedbush analyst Nick Setyan told investors in a research note that he favors Applebee's parent Dine Brands (DIN) and is "cautious" on Cheesecake Factory (CAKE) ahead of Q3 their earnings reports. The analyst raised his price target for Shake Shack (SHAK) to $84 from $75, but lowered his price targets for Dunkin' Brands (DNKN) to $90 from $92, for Cheesecake Factory to $40 from $43, for Starbucks (SBUX) to $86 from $95, for Texas Roadhouse (TXRH) to $52 from $60 and for Wingstop (WING) to $88 from $92.

TODAY'S FREE FLY STORIES

FITB

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STML

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GOL

Gol Linhas

$17.39

1.07 (6.56%)

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NAVB

Navidea

$0.97

0.07 (7.78%)

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EFC

Ellington Financial

$18.22

0.09 (0.50%)

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BOOT

Boot Barn

$41.93

0.81 (1.97%)

18:22
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Boot Barn CEO: More than 80% of our business is in the store »

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ERIC

Ericsson

$9.24

0.1 (1.09%)

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  • 09

    Dec

GLD

SPDR Gold Shares

$137.59

-1.42 (-1.02%)

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PICO

PICO Holdings

$10.81

0.31 (2.95%)

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QHC

Quorum Health

$0.95

0.0522 (5.81%)

17:31
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SPRT

Support.com

$1.94

0.01 (0.52%)

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BXRX

Baudax Bio

$6.69

0.34 (5.35%)

17:29
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  • 16

    Dec

LMT

Lockheed Martin

$387.10

1.175 (0.30%)

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ENV

Envestnet

$71.72

1.27 (1.80%)

17:23
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Breaking Syndicate news story on Envestnet »

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NOC

Northrop Grumman

$344.79

0.4 (0.12%)

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SPRT

Support.com

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0.01 (0.52%)

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SPRT

Support.com

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RZLT

Rezolute

$0.00

(0.00%)

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AMZN

Amazon.com

$1,750.79

10.2 (0.59%)

16:58
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Periodicals
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MGTA

Magenta Therapeutics

$13.29

0.3 (2.31%)

16:55
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16:55
Conference/Events
Magenta Therapeutics to hold an investor and analyst event »

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  • 07

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IMH

IMPAC Mortgage

$5.63

-0.01 (-0.18%)

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ALEC

Alector

$19.74

0.33 (1.70%)

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ATAX

America First Multifamily Investors

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0.125 (1.68%)

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PNM

PNM Resources

$48.77

-0.06 (-0.12%)

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