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The Street Agrees: Shake Shack Delivered Tasty Q2, But Valuation Is Full
Tuesday, August 6, 2019 - 1:34pm | 591Shake Shack Inc (NYSE: SHAK) delivered second-quarter results that came in notably above expectations but few analysts find the valuation attractive at current levels. The Analysts Barclays' Jeffrey Bernstein maintains a Neutral rating on Shake Shack with a $70 price target. Morgan Stanley'...
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Where's The Beef? Street Weighs In On Wendy's Stock
Friday, May 10, 2019 - 8:10am | 691Wendys Co (NYSE: WEN) reported first-quarter results, which one analyst says shows "uninspiring" metrics while another says the performance was " comprehensively solid." The Analysts Mizuho Securities' Jeremy Scott maintains a Neutral rating on Wendys' stock with a price...
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Shake Shack's 'Beefy' Quarter Not Enough For These Analysts To Turn Bullish
Friday, May 3, 2019 - 11:47am | 443Shake Shack Inc (NYSE: SHAK) reported in-line earnings in the first quarter, but revenue and same-store sales came in better than expected. Despite what appears to be a strong quarter, at least two analysts continue to shy away from holding a bullish stance on the stock. Morgan Stanley: 'Beefy...
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Stifel: Shake Shack Is One Of The Fastest-Growing Restaurant Chains — And That's Priced In
Wednesday, October 10, 2018 - 11:03am | 465Restaurant chain Shake Shack Inc. (NYSE: SHAK) is among the fastest-growing publicly traded restaurants, but that isn't reason enough to buy the stock, according to Stifel. The Analyst Stifel's Chris O'Cull initiated coverage of Shake Shack with a Hold rating and $65...
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Longbow Steps To The Sidelines On Shake Shack
Wednesday, May 23, 2018 - 12:36pm | 358Up more than 60 percent over the past six months, it might be time to stop buying Shake Shack Inc (NYSE: SHAK)'s stock, according to Longbow. The Analyst Longbow Research's Alton Stump downgraded Shake Shack from Buy to Hold. The Thesis Shake Shack's stock has shown strong...
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Wendy's 'Intriguing' 2020 Outlook Overshadowed By Valuation Concerns, Oppenheimer Says
Tuesday, March 20, 2018 - 11:54am | 435Wendys Co (NASDAQ: WEN)'s new set of objectives and targets through 2020 — including the addition of 1,000 locations — are "intriguing" but overshadowed by valuation concerns, according to Oppenheimer. The Analyst Oppenheimer's Brian Bittner initiated...
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Longbow Research: Wendy's Could Fall Short Of Consensus In Q4
Friday, January 12, 2018 - 2:09pm | 454Longbow Research upgraded Wendys Co (NASDAQ: WEN) to Buy in September. Four months later, the firm is reversing its call. The Analyst Longbow Research's Alton Stump downgraded Wendys' stock rating from Buy to Neutral with an $18 price target. The Thesis Conversations with...
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Shake Shack Back In Flavor? Morgan Stanley Upgrades
Thursday, December 7, 2017 - 10:20am | 395Shares of Shake Shack Inc (NYSE: SHAK) soared in the weeks following its 2015 IPO, but the stock has since lost all momentum and continues to trade below $45.90, which marks the closing price on its first day of trading. The Analyst Morgan Stanley's John Glass upgraded Shake Shack's stock...
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Bobby Flay Plans IPO For Bobby's Burger Palace
Monday, July 17, 2017 - 2:53pm | 408Celebrity chef Bobby Flay is tapping the public market and will 'mini-IPO' his burger chain called Bobby's Burger Palace, The Wall Street Journal reported. Flay's company is looking to raise around $15 million to better support his restaurant chain that has just 17 locations. The...
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Wedbush Upgrades Shake Shack Shares, Sees 16% Upside From Here
Thursday, May 18, 2017 - 9:45am | 421Shake Shack Inc (NYSE: SHAK) is an industry-leading restaurant chain that boasts an underapreciated path to growth, at least according to analysts at Wedbush who turned bullish on the stock after its first-quarter earnings report. Wedbush's Nick Setyan upgraded Shake Shack's stock rating from...