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Shake Shack (SHAK) Receives a Buy from Raymond James

Shake Shack (SHAK) Receives a Buy from Raymond James

In a report released today, Brian Vaccaro from Raymond James reiterated a Buy rating on Shake Shack (SHAK – Research Report), with a price target of $140.00. The company's shares closed today at $128.52.
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According to TipRanks, Vaccaro is a 5-star analyst with an average return of 9.6% and a 54.90% success rate. Vaccaro covers the Consumer Cyclical sector, focusing on stocks such as Shake Shack, Chipotle, and Darden Restaurants.
Shake Shack has an analyst consensus of Moderate Buy, with a price target consensus of $114.60.
SHAK market cap is currently $5.43B and has a P/E ratio of 435.82.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SHAK in relation to earlier this year. Earlier this month, Katherine Irene Fogertey, the CFO of SHAK sold 71.00 shares for a total of $8,948.13.
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