Stifel has adjusted its price target for Shake Shack (SHAK, Financial), reducing it from $120 to $97. The decision, made by analyst Chris O’Cull, stems from recent market fluctuations and tepid consumer spending observed in the first quarter. Despite the revised target, the analyst maintains a Hold rating on the stock.
The firm has taken a more conservative approach in its estimates for several restaurant stocks, including Shake Shack, to accommodate the current economic climate. While the updates do not factor in a recessionary scenario, there is an acknowledgment of the increasing likelihood of such an event. This strategic adjustment reflects a cautious outlook in response to prevailing economic conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Shake Shack Inc (SHAK, Financial) is $123.86 with a high estimate of $160.00 and a low estimate of $85.00. The average target implies an upside of 49.23% from the current price of $83.00. More detailed estimate data can be found on the Shake Shack Inc (SHAK) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Shake Shack Inc's (SHAK, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Shake Shack Inc (SHAK, Financial) in one year is $101.22, suggesting a upside of 21.95% from the current price of $83. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Shake Shack Inc (SHAK) Summary page.
