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SHAK

Shake Shack

$59.20

0.29 (0.49%)

11:05
12/12/19
12/12
11:05
12/12/19
11:05

Shake Shack call volume above normal and directionally bullish

Bullish option flow detected in Shake Shack with 9,386 calls trading, 4x expected, and implied vol increasing over 1 point to 35.45%. 12/13 weekly 61 calls and Dec-19 61 calls are the most active options, with total volume in those strikes near 4,800 contracts. The Put/Call Ratio is 0.06. Earnings are expected on February 24th.

  • 13

    Jan

SHAK Shake Shack
$59.20

0.29 (0.49%)

11/05/19
WEDB
11/05/19
NO CHANGE
Target $75
WEDB
Neutral
Shake Shack price target lowered to $75 from $84 at Wedbush
Wedbush analyst Nick Setyan lowered his price target for Shake Shack (SHAK) to $75 from $84 and maintained a Neutral rating, saying Q3 SSS growth and margins disappointed. In a research note to investors, Setyan says that given the limited visibility into the impact of dropping non-GrubHub (GRUB) delivery partners, somewhat offset by a ramp in deliveries with GrubHub, he feels it is "prudent" to expect negative SSS growth beyond just Q4. Additionally, he believes cannibalization and new comp base units will remain ongoing headwinds to medium- to long-term SSS growth.
11/05/19
STFL
11/05/19
NO CHANGE
Target $60
STFL
Hold
Shake Shack price target lowered to $60 from $80 at Stifel
Stifel analyst Chris O'Cull cut his price target for Shake Shack shares to $60 from $80 after the company's Q3 report missed investors' "high expectations." He believes investors expected same-Shack sales to be up at least 3.5%, but they grew just 2%, and the company lowered its 2019 same-Shack growth guidance with an implication that Q4 same-Shack sales could be down roughly 3%, O'Cull noted. It seems that sales disruption from removing certain third-party delivery providers has been greater than initially anticipated, added O'Cull, who revised his sales estimate primarily to reflect that disruption, temporary remodeling closures and fewer new store operating weeks than he expected. He keeps a Hold rating on Shake Shack shares, which are down $14.86, or 17.6%, to $69.50 in pre-market trading.
11/18/19
BARD
11/18/19
INITIATION
Target $66
BARD
Neutral
Shake Shack initiated with a Neutral at Baird
Baird analyst David Tarantino initiated coverage of Shake Shack with a Neutral rating and $66 price target.
11/19/19
11/19/19
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 Neutral at Baird. 2. L3Harris Technologies (LHX) initiated with an Overweight at Alembic Global. 3. Phathom Pharmaceuticals (PHAT) was initiated with a Buy at Jefferies and Needham and a Neutral at Goldman Sachs. 4. Cabaletta Bio (CABA) initiated with an Outperform at Cowen and Evercore ISI as well as an Overweight at Morgan Stanley. 5. Agenus (AGEN) resumed with a Buy at B. Riley FBR. 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

COST

Costco

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NFLX

Netflix

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  • 21

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PBR

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FMBI

First Midwest

$21.58

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  • 22

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NFLX

Netflix

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-1.32 (-0.39%)

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  • 21

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MDT

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  • 23

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NFLX

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GOOG

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GOOGL

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$1,482.70

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  • 21

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BFC

Bank First National

$66.28

-0.62 (-0.93%)

18:06
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SPOT

Spotify

$149.01

0.805 (0.54%)

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  • 05

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HCM

Hutchison China MediTech

$29.56

0.135 (0.46%)

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NRG

NRG Energy

$38.52

-0.03 (-0.08%)

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BAESY

BAE Systems

$0.00

(0.00%)

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PNFP

Pinnacle Financial

$62.09

-1.31 (-2.07%)

17:32
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  • 22

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DGLY

Digital Ally

$0.94

(0.00%)

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KSU

Kansas City Southern

$165.54

-1.03 (-0.62%)

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AES

AES Corp.

$20.47

-0.02 (-0.10%)

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WTFC

Wintrust Financial

$66.90

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  • 22

    Jan

SKT

Tanger Factory

$15.93

0.56 (3.64%)

, MDR

McDermott

$0.70

(0.00%)

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SKT

Tanger Factory

$15.93

0.56 (3.64%)

MDR

McDermott

$0.70

(0.00%)

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CIT

CIT Group

$45.23

-1.17 (-2.52%)

, SKT

Tanger Factory

$15.93

0.56 (3.64%)

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$45.23

-1.17 (-2.52%)

SKT

Tanger Factory

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  • 28

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IBM

IBM

$139.15

0.84 (0.61%)

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  • 21

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TKTDY

Takata

$0.00

(0.00%)

, HMC

Honda

$27.60

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TKTDY

Takata

$0.00

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HMC

Honda

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RIO

Rio Tinto

$59.95

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RNST

Renasant

$35.37

-0.23 (-0.65%)

17:08
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  • 22

    Jan

LYFT

Lyft

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  • 11

    Feb

AMTD

TD Ameritrade

$50.76

0.25 (0.49%)

, TD

Toronto-Dominion

$56.55

-0.18 (-0.32%)

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AMTD

TD Ameritrade

$50.76

0.25 (0.49%)

TD

Toronto-Dominion

$56.55

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