Could Shake Shack Inc See a Reversal After Today’s Strong Options Activity?

 Could Shake Shack Inc See a Reversal After Today's Strong Options Activity?

In today’s session Shake Shack Inc (SHAK) recorded an unusually high (306) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious SHAK decrease. With 306 contracts traded and 504 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: SHAK180119P00030000 closed last at: $5.1 or 2% up. About 195,270 shares traded hands. Shake Shack Inc (NYSE:SHAK) has declined 11.53% since April 4, 2016 and is downtrending. It has underperformed by 12.62% the S&P500.

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. Shake Shack has been the topic of 16 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was upgraded by Vetr to “Hold” on Thursday, August 20. The stock of Shake Shack Inc (NYSE:SHAK) has “Buy” rating given on Thursday, June 16 by Buckingham Research. The firm has “Market Perform” rating by Cowen & Co given on Friday, September 11. The company was upgraded on Thursday, August 11 by SunTrust. On Wednesday, January 6 the stock rating was initiated by Suntrust Robinson with “Neutral”. The rating was upgraded by William Blair on Tuesday, January 19 to “Outperform”. The stock has “Buy” rating given by Suntrust Robinson on Thursday, August 11. As per Wednesday, January 6, the company rating was initiated by SunTrust. The stock of Shake Shack Inc (NYSE:SHAK) earned “Strong Sell” rating by Vetr on Friday, August 14. The stock of Shake Shack Inc (NYSE:SHAK) earned “Equal Weight” rating by Barclays Capital on Tuesday, August 11.

According to Zacks Investment Research, “Shake Shack Inc. is engaged in owning and operating restaurants. The company offers burgers, hot dogs, frozen custard, crinkle cut fries, beer and wine. It operates primarily in New York, New Jersey, Washington, D.C., Connecticut, Georgia, Illinois, Pennsylvania, Florida, Massachusetts, Virginia, Nevada, London, Istanbul and Dubai. Shake Shack Inc. is headquartered in New York.”

Shake Shack Inc. operates roadside burger stands. The company has a market cap of $1.19 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 81.62 P/E ratio. The Firm has approximately 84 Shacks in over 10 countries and approximately 45 cities.

SHAK Company Profile

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: “Better Buy: Chipotle Mexican Grill, Inc. vs. Shake Shack Inc” on October 19, 2016, also Fool.com with their article: “Better Buy: Shake Shack Inc. vs. Burger King’s Parent Company” published on October 15, 2016, Bloomberg.com published: “Shake Shack Falls as Fast-Food Slump Weighs on Sales Growth” on August 10, 2016. More interesting news about Shake Shack Inc (NYSE:SHAK) were released by: Fool.com and their article: “Why Shake Shack Inc. Dropped 12% in August” published on September 09, 2016 as well as Fool.com‘s news article titled: “Shake Shack Inc Stock Crashes 60%: Buying Opportunity?” with publication date: February 05, 2016.

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