|Bid||69.86 x 1200|
|Ask||69.91 x 1000|
|Day's Range||69.05 - 71.72|
|52 Week Range||46.34 - 105.84|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||103.42|
|Earnings Date||Feb 23, 2020 - Feb 27, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||75.00|
Goldman Sachs is predicting that Shake Shack will rally 80% due to its new, exclusive deal with Grubhub. Yahoo Finance’s Seana Smith and Heidi Chung discuss on The Ticker.
With cattle futures spiking, this could be a sign of fewer cows brought to market next year. Higher beef prices are just one of the big trends in food we could see in the new year. Yahoo Finance’s Brian Sozzi and Heidi Chung discuss on The First Trade.
The San Francisco restaurant group is billing the concept as a wellness market and cafe, and would help fill a void left behind by the closing of the Real Food Company grocery store.
Shake Shack Inc. shares jumped 8% in Wednesday trading after a bullish note from Goldman Sachs forecasts a menu-driven same-store sales rise. Goldman analysts say softness in the burger chain's third-quarter results was due to a weak menu. Same-store sales rose 2% in the third-quarter, falling short of the 2.5% growth FactSet forecast. During the fourth quarter, Shake Shack added a group of holiday-themed milkshakes that customers responded well to, analysts said. Recently, Shake Shack brought back the popular Shackmeister item to U.S. menus, and Hot Chick'n will be coming later in the year along with the introduction of Hot Chick'n Bites, a spicy version of the Chick'n Bites item. "We note a key investor concern has been that Shake Shack would take these items off the menu all together due to operational complexity and costs," Goldman wrote, with reference to the chicken offerings. Speaking at the ICR Conference, Shake Shack Chief Executive Randall Garutti also said the company is working on a new version of the veggie burger. Moreover, the disruption that had been anticipated from the Grubhub Inc. integration seem to be "manageable." About 40% of Shake Shacks are now exclusively on Grubhub. "Estimates are already factoring in a high level of disruption as they migrate to Grubhub," Goldman wrote. Goldman Sachs rates Shake Shack shares buy with a 12-month target of $115. Analysts see an 80% upside to that price target. Shake Shack stock has rallied 43% over the past year while the S&P 500 index has gained 26.1% for the period.
"Craft Casual" Sensation Torchy's Tacos Expects Store Count to Rise to 160 from 71 in Four Years By John Jannarone When Torchy's Tacos appeared in Orlando, FL this week, it whetted the appetite of the financial community not once but twice: First, with a feast of its tacos, queso, and deserts at a cocktail party […]
Shake Shack kicked off a delivery partnership with GrubHub Inc (NYSE: GRUB) in mid-November before switching to an exclusive partnership, Fogertey said in a Tuesday note. During Shake Shack's presentation at the conference, execs said the company recently completed the point-of-sale integration of GrubHub, but so far only 40% of Shake Shack locations have migrated to GrubHub as their sole delivery provider, the analyst said.
It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]
Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK), today announced that the Company will be presenting at the 22nd Annual ICR Conference at the JW Marriott Orlando Grande Lakes in Orlando, Florida on Tuesday, January 14, 2019. Presenting from the Company will be Randy Garutti, Chief Executive Officer and Tara Comonte, President & Chief Financial Officer. The presentation will begin at 8:30 a.m. Eastern Time.
As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the third quarter. We get to see hedge funds' thoughts towards the market and […]