Shake Shack Inc. (NYSE:SHAK) Receives Average Rating of “Hold” from Brokerages

Shares of Shake Shack Inc. (NYSE:SHAK) have received a consensus rating of “Hold” from the seventeen analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $99.22.

A number of brokerages recently weighed in on SHAK. Robert W. Baird lifted their target price on shares of Shake Shack from $102.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. BTIG Research raised their price target on shares of Shake Shack from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Morgan Stanley raised their price target on shares of Shake Shack from $88.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. TD Cowen restated a “buy” rating and issued a $125.00 price target on shares of Shake Shack in a report on Thursday, June 13th. Finally, Truist Financial raised their price target on shares of Shake Shack from $124.00 to $125.00 and gave the stock a “buy” rating in a report on Monday.

Insider Activity at Shake Shack

In related news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $103.01, for a total transaction of $31,315.04. Following the completion of the transaction, the director now owns 3,754 shares of the company’s stock, valued at $386,699.54. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 9.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Shake Shack

A number of hedge funds and other institutional investors have recently bought and sold shares of SHAK. Natixis Advisors L.P. boosted its stake in shares of Shake Shack by 3.8% in the 3rd quarter. Natixis Advisors L.P. now owns 10,695 shares of the company’s stock valued at $621,000 after purchasing an additional 388 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Shake Shack in the 3rd quarter valued at $1,268,000. Quadrature Capital Ltd purchased a new stake in shares of Shake Shack in the 3rd quarter valued at $398,000. Lido Advisors LLC purchased a new stake in shares of Shake Shack in the 3rd quarter valued at $312,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Shake Shack in the 3rd quarter valued at $1,555,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Price Performance

SHAK stock opened at $85.33 on Wednesday. The company has a 50 day simple moving average of $96.48 and a 200 day simple moving average of $91.06. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 155.15, a P/E/G ratio of 3.56 and a beta of 1.76. Shake Shack has a 1 year low of $52.79 and a 1 year high of $111.29. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 1.99.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The firm had revenue of $290.50 million during the quarter, compared to the consensus estimate of $291.00 million. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.01) earnings per share. Research analysts anticipate that Shake Shack will post 0.74 EPS for the current fiscal year.

About Shake Shack

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.