In today’s session Shake Shack Inc (SHAK) registered an unusually high (510) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious SHAK increase. With 510 contracts traded and 3324 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: SHAK161216C00037500 closed last at: $1.45 or 14.7% down. About 671,754 shares traded hands. Shake Shack Inc (NYSE:SHAK) has declined 16.59% since March 1, 2016 and is downtrending. It has underperformed by 25.83% the S&P500.
Analysts await Shake Shack Inc (NYSE:SHAK) to report earnings on November, 3. They expect $0.15 EPS, up 25.00% or $0.03 from last year’s $0.12 per share. SHAK’s profit will be $5.35M for 56.57 P/E if the $0.15 EPS becomes a reality. After $0.14 actual EPS reported by Shake Shack Inc for the previous quarter, Wall Street now forecasts 7.14% EPS growth.
Shake Shack Inc (NYSE:SHAK) Ratings Coverage
Out of 8 analysts covering Shake Shack (NYSE:SHAK), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. $56.34 is the highest target while $36 is the lowest. The $43.62 average target is 28.52% above today’s ($33.94) stock price. Shake Shack has been the topic of 16 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The company was initiated on Wednesday, January 6 by Suntrust Robinson. The stock has “Buy” rating given by SunTrust on Thursday, August 11. SunTrust initiated the shares of SHAK in a report on Wednesday, January 6 with “Neutral” rating. The stock has “Equal-Weight” rating given by Barclays Capital on Tuesday, March 8. The stock has “Outperform” rating given by William Blair on Tuesday, January 19. The stock has “Equal Weight” rating given by Barclays Capital on Tuesday, August 11. The stock of Shake Shack Inc (NYSE:SHAK) has “Neutral” rating given on Thursday, August 11 by JP Morgan. The firm has “Market Perform” rating given on Friday, September 11 by Cowen & Co. The company was initiated on Thursday, June 16 by Buckingham Research. The firm earned “Hold” rating on Thursday, August 20 by Vetr.
Shake Shack Inc. operates roadside burger stands. The company has a market cap of $1.21 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 85.75 P/E ratio. The Firm has approximately 84 Shacks in over 10 countries and approximately 45 cities.
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