Can Shake Shack Inc’s Tomorrow Be Different? Option Trader Are Very Bullish

 Can Shake Shack Inc's Tomorrow Be Different? Option Trader Are Very Bullish

In today’s session Shake Shack Inc (SHAK) registered an unusually high (2,032) 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 2,032 contracts traded and 2754 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: SHAK161216C00042500 closed last at: $0.4 or 33.3% down. About 249,741 shares traded hands. Shake Shack Inc (NYSE:SHAK) has risen 2.14% since April 13, 2016 and is uptrending. It has underperformed by 1.79% 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. JP Morgan maintained it with “Neutral” rating and $38 target price in Thursday, August 11 report. The firm earned “Buy” rating on Thursday, August 11 by Suntrust Robinson. The company was upgraded on Tuesday, January 19 by William Blair. The firm earned “Equal Weight” rating on Tuesday, August 11 by Barclays Capital. Buckingham Research initiated Shake Shack Inc (NYSE:SHAK) rating on Thursday, June 16. Buckingham Research has “Buy” rating and $45 price target. SunTrust upgraded Shake Shack Inc (NYSE:SHAK) on Thursday, August 11 to “Buy” rating. The company was upgraded on Friday, August 14 by Vetr. Barclays Capital maintained the shares of SHAK in a report on Tuesday, March 8 with “Equal-Weight” rating. On Thursday, August 11 the stock rating was maintained by Jefferies with “Hold”. As per Wednesday, January 6, the company rating was initiated by Suntrust Robinson.

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 $1.40 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.

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: “Why Shake Shack Inc. Shares Soared Today” on November 10, 2016, also Businessinsider.com with their article: “Shack Shake beats, shares spike” published on November 10, 2016, Valuewalk.com published: “Shake Shack Inc Reports Beat And Raise Quarter, Shares Rise” on November 09, 2016. More interesting news about Shake Shack Inc (NYSE:SHAK) were released by: Bloomberg.com and their article: “Shake Shack Falls as Fast-Food Slump Weighs on Sales Growth” published on August 10, 2016 as well as Fool.com‘s news article titled: “Better Buy: Chipotle Mexican Grill, Inc. vs. Shake Shack Inc” with publication date: October 19, 2016.

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