Stock Rating Upgrade
The Value Trend Rating for Shake Shack Inc (NYSE: SHAK) improved during the last several trading days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/18/24, Shake Shack Inc (NYSE: SHAK) stock increased 1.1%, closing at $104.79. However, this advance was accompanied by below average trading volume at 79% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SHAK is expected to be a modest Value Builder.
Shake Shack has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Shake Shack has a very low Appreciation Score of 6 but a good Power Rating of 84, and the Low Neutral Value Trend Rating results.
Be the first to comment