TD Cowen Sticks to Their Hold Rating for Shake Shack (SHAK)
TD Cowen analyst Andrew Charles maintained a Hold rating on Shake Shack on January 23 and set a price target of $100.00. The company’s shares closed yesterday at $92.25.
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Charles covers the Consumer Cyclical sector, focusing on stocks such as Yum! Brands, Darden Restaurants, and Starbucks. According to TipRanks, Charles has an average return of 8.0% and a 51.71% success rate on recommended stocks.
Currently, the analyst consensus on Shake Shack is a Moderate Buy with an average price target of $108.60, which is a 17.72% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Hold rating on the stock with a $95.00 price target.
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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