Shake Shack Announces Third Quarter 2018 Financial Results

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Go back to Shake Shack Announces Third Quarter 2018 Financial Results

Shake Shack (SHAK) PT Lowered to $55 at Cowen

November 2, 2018 9:04 AM EDT

Cowen analyst Andrew Charles lowered the price target on Shake Shack (NYSE: SHAK) to $55.00 (from $59.00) while maintaining a Market Perform rating.

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Shake Shack (SHAK) Tops Q3 EPS by 8c; Comps Fall 0.7%

November 1, 2018 4:10 PM EDT

Shake Shack (NYSE: SHAK) reported Q3 EPS of $0.21, $0.08 better than the analyst estimate of $0.13. Revenue for the quarter came in at $119.6 million versus the consensus estimate of $117.01 million. Same-Shack sales decreased 0.7%.

Randy Garutti, Chief Executive Officer of Shake Shack, stated, Were pleased to report that Shake Shacks overall growth remains strong as we head into the... More