Shake Shack Inc. (NYSE:SHAK) Given Consensus Rating of “Moderate Buy” by Brokerages

Shake Shack Inc. (NYSE:SHAK) has received an average recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $123.78.

A number of equities research analysts have recently issued reports on SHAK shares. Barclays upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $125.00 to $159.00 in a research report on Tuesday, January 7th. Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research report on Wednesday, January 8th. Wedbush reiterated a “neutral” rating and issued a $130.00 price objective on shares of Shake Shack in a research report on Wednesday. Stifel Nicolaus dropped their target price on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a report on Friday. Finally, Truist Financial reduced their price target on shares of Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th.

Shake Shack Stock Down 1.4 %

SHAK opened at $115.25 on Friday. 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 has a one year low of $66.06 and a one year high of $139.89. The business’s 50-day simple moving average is $128.97 and its 200-day simple moving average is $111.38. The stock has a market capitalization of $4.90 billion, a P/E ratio of 677.94, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The business had revenue of $316.92 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $0.17 earnings per share. Analysts anticipate that Shake Shack will post 0.82 EPS for the current year.

Insiders Place Their Bets

In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the transaction, the chief financial officer now owns 30,717 shares of the company’s stock, valued at $4,223,894.67. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Daniel Harris Meyer sold 30,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $121.79, for a total transaction of $3,653,700.00. Following the sale, the director now owns 407,646 shares in the company, valued at approximately $49,647,206.34. This trade represents a 6.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,333 shares of company stock valued at $6,566,330 in the last ninety days. Corporate insiders own 9.73% of the company’s stock.

Institutional Trading of Shake Shack

Several large investors have recently added to or reduced their stakes in SHAK. Xponance Inc. boosted its holdings in shares of Shake Shack by 4.5% in the second quarter. Xponance Inc. now owns 2,395 shares of the company’s stock valued at $216,000 after acquiring an additional 103 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Shake Shack by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock valued at $3,241,000 after purchasing an additional 139 shares during the period. Brighton Jones LLC raised its stake in shares of Shake Shack by 1.1% in the 2nd quarter. Brighton Jones LLC now owns 17,909 shares of the company’s stock worth $1,612,000 after buying an additional 187 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Shake Shack by 1.5% in the third quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company’s stock valued at $1,372,000 after buying an additional 199 shares during the period. Finally, Covestor Ltd boosted its stake in Shake Shack by 41.6% during the third quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after buying an additional 205 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

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.