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Barclays Reaffirms Their Buy Rating on Shake Shack (SHAK)

Tipranks - Tipranks - Sat Jan 24, 3:44AM CST

In a report released today, Jeff Bernstein from Barclays maintained a Buy rating on Shake Shack, with a price target of $110.00.

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Bernstein covers the Consumer Cyclical sector, focusing on stocks such as Shake Shack, Darden Restaurants, and Starbucks. According to TipRanks, Bernstein has an average return of 3.6% and a 55.67% success rate on recommended stocks.

In addition to Barclays, Shake Shack also received a Buy from Raymond James’s Brian Vaccaro in a report issued on January 21. However, yesterday, Wells Fargo maintained a Hold rating on Shake Shack (NYSE: SHAK).

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Based on Shake Shack’s latest earnings release for the quarter ending September 24, the company reported a quarterly revenue of $367.41 million and a net profit of $12.5 million. In comparison, last year the company earned a revenue of $316.92 million and had a GAAP net loss of $10.21 million

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