Jefferies analyst Andy Barish maintained a Hold rating on Shake Shack (SHAK – Research Report) on December 17 and set a price target of $79.00. The company’s shares closed last Thursday at $73.07, close to its 52-week low of $66.26.
According to TipRanks.com, Barish is a 5-star analyst with an average return of 10.8% and a 57.9% success rate. Barish covers the Services sector, focusing on stocks such as First Watch Restaurant Group, Dave & Busters Entertainment, and Cheesecake Factory.
Currently, the analyst consensus on Shake Shack is a Hold with an average price target of $87.13, a 24.4% upside from current levels. In a report issued on December 3, UBS also initiated coverage with a Hold rating on the stock with a $78.00 price target.
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The company has a one-year high of $138.38 and a one-year low of $66.26. Currently, Shake Shack has an average volume of 908.7K.
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Shake Shack, Inc. is a holding company, which engages in operating fast food hamburger restaurants. It offers beef burgers, flat-top dogs, chicken sandwiches, frozen custard and crinkle cut fries and includes all the mobile ordering essentials. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.
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