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Stifel Nicolaus Reaffirms Their Hold Rating on Shake Shack (SHAK)

Tipranks - Tipranks - Sat Feb 28, 11:16AM CST

In a report released today, Chris O`Cull from Stifel Nicolaus maintained a Hold rating on Shake Shack, with a price target of $105.00.

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O`Cull covers the Consumer Cyclical sector, focusing on stocks such as CAVA Group, Inc., Wingstop, and Domino’s Pizza. According to TipRanks, O`Cull has an average return of 10.0% and a 53.47% success rate on recommended stocks.

In addition to Stifel Nicolaus, Shake Shack also received a Hold from Wells Fargo’s Anthony Trainor in a report issued today. However, on the same day, Morgan Stanley maintained a Buy rating on Shake Shack (NYSE: SHAK).

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Based on Shake Shack’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $400.53 million and a net profit of $11.83 million. In comparison, last year the company earned a revenue of $328.68 million and had a net profit of $8.71 million

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