Barclays (LON:BARC) analyst Jeff Bernstein maintained a Hold rating on Shake Shack (NYSE:SHAK) on Friday, setting a price target of $80, which is approximately 5.37% above the present share price of $75.92.
Bernstein expects Shake Shack to post earnings per share (EPS) of $0.05 for the fourth quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Moderate Buy rating of shares in Shake Shack, with an average price target of $96.18.
The analysts price targets range from a high of $118 to a low of $80.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $187.46 million and a net profit of $3.67 million. The company's market cap is $3.19 billion.
According to TipRanks.com, Barclays analyst Jeff Bernstein is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 8.2% and a 67.50% success rate.
Shake Shack, Inc. is a holding company, which engages in operating fast food hamburger restaurants. It offers beef burgers, flat-top dogs, chicken sandwiches, frozen custard and crinkle cut fries and includes all the mobile ordering essentials. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.