Shake Shack Inc. (NYSE:SHAK) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Shake Shack Inc. (NYSE:SHAK) have earned an average recommendation of “Hold” from the seventeen brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $112.94.

Several research analysts recently weighed in on SHAK shares. Truist Financial boosted their target price on Shake Shack from $127.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Piper Sandler lowered shares of Shake Shack from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $121.00 to $114.00 in a research report on Monday, August 19th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $115.00 target price on shares of Shake Shack in a research report on Wednesday, August 28th. TD Cowen reiterated a “buy” rating and set a $125.00 price objective on shares of Shake Shack in a research note on Wednesday, September 18th. Finally, Robert W. Baird raised their target price on Shake Shack from $93.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd.

Insider Activity

In other Shake Shack news, CFO Katherine Irene Fogertey sold 321 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $103.93, for a total transaction of $33,361.53. Following the sale, the chief financial officer now directly owns 36,180 shares in the company, valued at $3,760,187.40. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel Harris Meyer sold 22,691 shares of Shake Shack stock in a transaction that occurred 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 completion of the transaction, the director now owns 437,646 shares of the company’s stock, valued at $54,473,797.62. This trade represents a 4.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,433 shares of company stock valued at $7,654,856. Company insiders own 9.73% of the company’s stock.

Institutional Trading of Shake Shack

Hedge funds have recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in Shake Shack during the 2nd quarter worth about $38,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Shake Shack during the 3rd quarter worth about $41,000. Kimelman & Baird LLC purchased a new stake in Shake Shack during the second quarter worth approximately $45,000. Covestor Ltd boosted its holdings in Shake Shack by 41.6% in the third quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after purchasing an additional 205 shares in the last quarter. Finally, CWM LLC increased its stake in Shake Shack by 24.7% in the second quarter. CWM LLC now owns 1,046 shares of the company’s stock valued at $94,000 after purchasing an additional 207 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Price Performance

SHAK stock opened at $133.55 on Friday. The company’s fifty day moving average price is $115.98 and its 200-day moving average price is $102.14. Shake Shack has a one year low of $59.94 and a one year high of $134.90. The company has a market capitalization of $5.67 billion, a PE ratio of 785.59, a price-to-earnings-growth ratio of 3.01 and a beta of 1.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.01.

Shake Shack (NYSE:SHAK) last announced its earnings results on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The firm had revenue of $316.92 million during the quarter, compared to analysts’ expectations of $316.03 million. During the same quarter in the previous year, the business earned $0.17 EPS. The company’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities analysts anticipate that Shake Shack will post 0.82 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.