Analysts fell to the sidelines weighing in on Shake Shack (SHAK – Research Report), Dick’s Sporting Goods (DKS – Research Report) and Ulta Beauty (ULTA – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Shake Shack (SHAK)
In a report issued on June 3, Chris O`Cull from Stifel Nicolaus maintained a Hold rating on Shake Shack, with a price target of $65.00. The company’s shares closed last Tuesday at $70.00, close to its 52-week high of $71.94.
According to TipRanks.com, O`Cull is a 5-star analyst with an average return of 11.9% and a 60.1% success rate. O`Cull covers the NA sector, focusing on stocks such as Restaurant Brands International, First Watch Restaurant Group, and Dave & Busters Entertainment.
Currently, the analyst consensus on Shake Shack is a Hold with an average price target of $67.73, a -1.5% downside from current levels. In a report issued on May 19, Morgan Stanley also upgraded the stock to Hold with a $63.00 price target.
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Dick’s Sporting Goods (DKS)
Stifel Nicolaus analyst Jim Duffy maintained a Hold rating on Dick’s Sporting Goods on June 3 and set a price target of $141.00. The company’s shares closed last Tuesday at $134.47.
According to TipRanks.com, Duffy is a 4-star analyst with an average return of 6.7% and a 52.5% success rate. Duffy covers the NA sector, focusing on stocks such as Wolverine World Wide, Lululemon Athletica, and Fox Factory Holding.
Currently, the analyst consensus on Dick’s Sporting Goods is a Moderate Buy with an average price target of $155.82, implying a 23.2% upside from current levels. In a report issued on May 23, Robert W. Baird also maintained a Hold rating on the stock with a $140.00 price target.
Ulta Beauty (ULTA)
The company’s shares closed last Tuesday at $417.49.
According to TipRanks.com, Astrachan is a 5-star analyst with an average return of 12.9% and a 65.2% success rate. Astrachan covers the Consumer Goods sector, focusing on stocks such as Colgate-Palmolive, Monster Beverage, and Procter & Gamble.
Ulta Beauty has an analyst consensus of Moderate Buy, with a price target consensus of $546.39, a 30.8% upside from current levels. In a report issued on May 26, Citi also maintained a Hold rating on the stock with a $460.00 price target.
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