In a report released today, Sara Senatore from Bank of America Securities maintained a Hold rating on Shake Shack (SHAK – Research Report). The company’s shares opened today at $106.96.
Senatore covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, Shake Shack, and Darden Restaurants. According to TipRanks, Senatore has an average return of 8.9% and a 50.90% success rate on recommended stocks.
In addition to Bank of America Securities, Shake Shack also received a Hold from Loop Capital Markets’s Alton Stump in a report issued today. However, on the same day, Truist Financial maintained a Buy rating on Shake Shack (NYSE: SHAK).
Based on Shake Shack’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $286.24 million and a net profit of $7.22 million. In comparison, last year the company earned a revenue of $238.53 million and had a GAAP net loss of $7.86 million
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Shake Shack (SHAK) Company Description:
Shake Shack, Inc. is a holding company, which engages in operating fast food hamburger restaurants. It offers beef burgers, flat-top dogs, chicken sandwiches, frozen custard and crinkle cut fries and includes all the mobile ordering essentials. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.
