Wall Street Zen upgraded shares of Shake Shack ( NYSE:SHAK – Free Report ) from a sell rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.
Several other equities analysts have also issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of Shake Shack in a research report on Wednesday, June 3rd. Robert W. Baird upgraded shares of Shake Shack to a “hold” rating in a research note on Monday, August 24th. Morgan Stanley set a $74.00 target price on shares of Shake Shack in a report on Thursday, August 6th. Mizuho set a $90.00 target price on shares of Shake Shack in a report on Thursday, August 6th. Finally, DA Davidson upped their target price on shares of Shake Shack from $70.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Sixteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.71.
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Shake Shack Stock Performance Shake Shack stock opened at $63.74 ...