The Latest Analyst Ratings For Shake Shack
Portfolio Pulse from Benzinga Insights
Analysts have updated their ratings on Shake Shack (NYSE:SHAK), with 22 analysts offering a diverse range of perspectives from bullish to bearish over the last three months. The average 12-month price target for SHAK has been raised to $109.59, up 23.13% from the previous $89.00, with a high estimate of $125.00 and a low of $80.00. Recent analyst actions include upgrades and maintains, reflecting a generally positive outlook on the company's performance, which has shown solid revenue growth of approximately 20.0% as of December 31, 2023, and an exceptional net margin of 2.52%, despite a below-average return on equity (ROE) of 1.68% and return on assets (ROA) of 0.46%.
May 03, 2024 | 2:01 pm
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POSITIVE IMPACT
Shake Shack's stock has received updated positive ratings from analysts, with an increased average 12-month price target of $109.59, indicating a bullish outlook based on its recent performance and financial metrics.
The increase in Shake Shack's average price target by analysts reflects a positive reassessment of the company's financial health and market position, driven by its solid revenue growth and exceptional net margin. The consensus among analysts suggests a bullish outlook for SHAK in the short term, potentially leading to an increase in its stock price. The detailed analysis of recent analyst ratings and financial performance metrics, such as revenue growth and net margin, supports this positive impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100