Weekly Research Analysts’ Ratings Updates for Shake Shack (SHAK)

Several analysts have recently updated their ratings and price targets for Shake Shack (NYSE: SHAK):

• 1/10/2025 – Shake Shack had its price target raised by analysts at Stifel Nicolaus from $115.00 to $128.00. They now have a “hold” rating on the stock.
• 1/8/2025 – Shake Shack had its price target raised by analysts at Truist Financial Co. from $147.00 to $149.00. They now have a “buy” rating on the stock.
• 1/8/2025 – Shake Shack was upgraded by analysts at Gordon Haskett from a “hold” rating to a “buy” rating. They now have a $154.00 price target on the stock.
• 1/7/2025 – Shake Shack was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $159.00 price target on the stock, up previously from $125.00.
• 1/7/2025 – Shake Shack had its price target raised by analysts at Oppenheimer Holdings Inc. from $145.00 to $155.00. They now have an “outperform” rating on the stock.
• 1/7/2025 – Shake Shack had its price target raised by analysts at UBS Group AG from $130.00 to $140.00. They now have a “neutral” rating on the stock.
• 12/19/2024 – Shake Shack had its price target raised by analysts at Truist Financial Co. from $144.00 to $147.00. They now have a “buy” rating on the stock.

Shake Shack Price Performance

NYSE SHAK opened at $121.52 on Tuesday. 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 Inc. has a 52-week low of $64.16 and a 52-week high of $139.89. The business has a 50 day simple moving average of $130.13 and a 200 day simple moving average of $110.48. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 714.82, a PEG ratio of 2.83 and a beta of 1.86.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $316.92 million for the quarter, compared to analyst estimates of $316.03 million. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 earnings per share. Analysts anticipate that Shake Shack Inc. will post 0.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Daniel Harris Meyer sold 30,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $121.79, for a total transaction of $3,653,700.00. Following the transaction, the director now directly owns 407,646 shares in the company, valued at approximately $49,647,206.34. The trade was a 6.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the completion of the sale, the chief financial officer now owns 30,717 shares of the company’s stock, valued at approximately $4,223,894.67. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,333 shares of company stock valued at $6,566,330 in the last three months. 9.73% of the stock is currently 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. Point72 Asset Management L.P. grew its stake in Shake Shack by 154.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock valued at $67,157,000 after buying an additional 395,311 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Shake Shack in the 3rd quarter worth about $39,677,000. Holocene Advisors LP boosted its holdings in Shake Shack by 68.3% in the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock valued at $97,673,000 after purchasing an additional 384,131 shares during the period. Marshall Wace LLP grew its position in shares of Shake Shack by 101.2% during the 2nd quarter. Marshall Wace LLP now owns 544,336 shares of the company’s stock worth $48,990,000 after purchasing an additional 273,822 shares in the last quarter. Finally, Armistice Capital LLC increased its holdings in shares of Shake Shack by 69.1% during the second quarter. Armistice Capital LLC now owns 579,904 shares of the company’s stock worth $52,191,000 after purchasing an additional 236,950 shares during the period. Institutional investors own 86.07% of the company’s stock.

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.