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

Shake Shack Inc. (NYSE:SHAK) has been given a consensus recommendation of “Hold” by the eighteen research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $110.00.

SHAK has been the topic of several recent analyst reports. Capital One Financial assumed coverage on shares of Shake Shack in a report on Monday, July 29th. They set an “overweight” rating and a $95.00 price objective on the stock. Wedbush reiterated a “neutral” rating and set a $90.00 target price on shares of Shake Shack in a research note on Thursday, August 1st. Robert W. Baird raised their price objective on Shake Shack from $93.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Morgan Stanley cut their target price on Shake Shack from $108.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Finally, Oppenheimer raised their price target on Shake Shack from $122.00 to $135.00 and gave the company an “outperform” rating in a report on Monday, October 28th.

Shake Shack Trading Down 0.4 %

Shares of SHAK opened at $123.56 on Tuesday. The company has a market cap of $5.25 billion, a P/E ratio of 726.82, a P/E/G ratio of 3.35 and a beta of 1.81. Shake Shack has a twelve month low of $54.06 and a twelve month high of $130.20. The company’s fifty day simple moving average is $106.17 and its 200-day simple moving average is $98.88. The company has a current ratio of 2.01, a quick ratio of 2.03 and a debt-to-equity ratio of 0.51.

Shake Shack (NYSE:SHAK) last posted its earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $316.92 million during the quarter, compared to analysts’ expectations of $316.03 million. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 EPS. As a group, analysts expect that Shake Shack will post 0.79 EPS for the current year.

Insider Activity

In other Shake Shack news, Director Daniel Harris Meyer sold 22,691 shares of Shake Shack stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $124.47, for a total transaction of $2,824,348.77. Following the sale, the director now owns 437,646 shares of the company’s stock, valued at $54,473,797.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Daniel Harris Meyer sold 22,691 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $124.47, for a total transaction of $2,824,348.77. Following the completion of the transaction, the director now directly owns 437,646 shares of the company’s stock, valued at approximately $54,473,797.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Katherine Irene Fogertey sold 321 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $103.93, for a total transaction of $33,361.53. Following the completion of the transaction, the chief financial officer now owns 36,180 shares in the company, valued at $3,760,187.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,433 shares of company stock valued at $5,103,556 in the last three months. 9.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shake Shack

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC grew its stake in Shake Shack by 303.3% during the 2nd quarter. Hsbc Holdings PLC now owns 16,604 shares of the company’s stock worth $1,460,000 after buying an additional 12,487 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Shake Shack during the first quarter valued at $653,000. Janney Montgomery Scott LLC purchased a new stake in shares of Shake Shack during the first quarter valued at $853,000. Jennison Associates LLC purchased a new stake in Shake Shack in the 1st quarter worth about $16,365,000. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Shake Shack by 20.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 37,535 shares of the company’s stock worth $3,903,000 after acquiring an additional 6,411 shares in the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Shake Shack Company Profile

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.