Wedbush Maintains Their Buy Rating on Shake Shack

By Carrie Williams

In a report issued on July 27, Nick Setyan from Wedbush maintained a Buy rating on Shake Shack (NYSE: SHAK), with a price target of $43. The company’s shares closed on Friday at $33.84.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.6% and a 60.0% success rate. Setyan covers the Services sector, focusing on stocks such as Popeyes Louisiana Kitchen, Del Taco Restaurants, and Jack In The Box Inc.

Shake Shack has an analyst consensus of Moderate Buy, with a price target consensus of $39.83.

The company has a one year high of $42.94 and a one year low of $30.36. Currently, Shake Shack has an average volume of 732.7K.

Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is negative on the stock.

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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.