November 15, 2016 - By Marguerite Chambers · 0 Comments
The stock of Shake Shack Incorporated (NYSE:SHAK) registered an increase of 2.02% in short interest. SHAK’s total short interest was 7.07 million shares in November as published by FINRA. Its up 2.02% from 6.93M shares, reported previously. With 854,400 shares average volume, it will take short sellers 8 days to cover their SHAK’s short positions. The short interest to Shake Shack Incorporated’s float is 42.72%. About 471,196 shares traded hands. Shake Shack Inc (NYSE:SHAK) has risen 2.14% since April 13, 2016 and is uptrending. It has underperformed by 1.79% the S&P500.
Shake Shack Inc. operates roadside burger stands. The company has a market cap of $1.40 billion. The Firm serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. It has a 86.09 P/E ratio. The Firm has approximately 84 Shacks in over 10 countries and approximately 45 cities.
Out of 8 analysts covering Shake Shack (NYSE:SHAK), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Shake Shack has been the topic of 16 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Shake Shack Inc (NYSE:SHAK) earned “Hold” rating by Vetr on Thursday, August 20. William Blair upgraded Shake Shack Inc (NYSE:SHAK) on Tuesday, January 19 to “Outperform” rating. Suntrust Robinson upgraded the stock to “Buy” rating in Thursday, August 11 report. Cowen & Co initiated it with “Market Perform” rating and $42 target price in Friday, September 11 report. The firm earned “Neutral” rating on Wednesday, January 6 by SunTrust. On Tuesday, August 11 the stock rating was maintained by Barclays Capital with “Equal Weight”. Buckingham Research initiated Shake Shack Inc (NYSE:SHAK) on Thursday, June 16 with “Buy” rating. As per Wednesday, March 30, the company rating was upgraded by Longbow. The company was maintained on Tuesday, March 8 by Barclays Capital. The stock of Shake Shack Inc (NYSE:SHAK) has “Neutral” rating given on Thursday, August 11 by JP Morgan.
Shake Shack Inc., incorporated on October 23, 2014, operates roadside burger stands. The Firm serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Firm has approximately 84 Shacks in over 10 countries and approximately 45 cities. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard. The Company’s menu focuses on food and beverages, crafted from a range of classic American foods. The Company’s domestic menu includes a range of signature items, such as the ShackBurger, SmokeShack, Shack-cago Dog, ‘Shroom Burger, seasonal frozen custard, hand-spun shakes, concretes, ShackMeister Ale, and Shack Red and Shack White wines.
More notable recent Shake Shack Inc (NYSE:SHAK) news were published by: Fool.com which released: “Why Shake Shack Inc. Shares Soared Today” on November 10, 2016, also Businessinsider.com with their article: “Shack Shake beats, shares spike” published on November 10, 2016, Valuewalk.com published: “Shake Shack Inc Reports Beat And Raise Quarter, Shares Rise” on November 09, 2016. More interesting news about Shake Shack Inc (NYSE:SHAK) were released by: Bloomberg.com and their article: “Shake Shack Falls as Fast-Food Slump Weighs on Sales Growth” published on August 10, 2016 as well as Fool.com‘s news article titled: “Better Buy: Chipotle Mexican Grill, Inc. vs. Shake Shack Inc” with publication date: October 19, 2016.
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By Marguerite Chambers