Shake Shack Gets a Buy Rating from SunTrust Robinson

By Ryan Adsit

In a report issued on October 9, Jake Bartlett from SunTrust Robinson reiterated a Buy rating on Shake Shack (NYSE: SHAK), with a price target of $48. The company’s shares opened today at $33.13.

According to TipRanks.com, Bartlett is a 1-star analyst with an average return of -0.8% and a 48.6% success rate. Bartlett covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Popeyes Louisiana Kitchen, and Jack In The Box Inc.

Shake Shack has an analyst consensus of Moderate Buy, with a price target consensus of $38.50.

The company has a one-year high of $39.70 and a one-year low of $30.12. Currently, Shake Shack has an average volume of 605.3K.

Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2017, Peggy Rubenzer, the SVP, People Resources of SHAK sold 7,000 shares for a total of $225,120.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Shake Shack, Inc. is a holding company, which engages in operating fast food hamburger restaurants. It offers angus beef burgers and flat-top dogs, cage-free chicken, spun-fresh frozen custard, crinkle cut fries, craft beer, and wine. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.