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

Shares of Shake Shack Inc. (NYSE:SHAK) have been given an average rating of “Hold” by the eighteen brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $107.39.

Several analysts have recently weighed in on SHAK shares. Wedbush reiterated a “neutral” rating and set a $90.00 target price on shares of Shake Shack in a research report on Thursday, August 1st. Piper Sandler lowered shares of Shake Shack from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $121.00 to $114.00 in a research report on Monday, August 19th. Robert W. Baird boosted their price target on shares of Shake Shack from $93.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. The Goldman Sachs Group boosted their price target on shares of Shake Shack from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Capital One Financial started coverage on shares of Shake Shack in a research report on Monday, July 29th. They issued an “overweight” rating and a $95.00 price target on the stock.

Shake Shack Stock Performance

NYSE SHAK opened at $109.90 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.06 and a quick ratio of 2.03. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 199.82, a P/E/G ratio of 3.29 and a beta of 1.83. The company’s fifty day moving average is $103.17 and its two-hundred day moving average is $97.64. Shake Shack has a 52-week low of $52.79 and a 52-week high of $112.64.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The company had revenue of $316.50 million for the quarter, compared to analyst estimates of $314.37 million. Shake Shack had a net margin of 2.23% and a return on equity of 5.63%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. Equities research analysts forecast that Shake Shack will post 0.73 EPS for the current year.

Insider Activity at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 321 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $95.10, for a total value of $30,527.10. Following the completion of the transaction, the chief financial officer now owns 37,143 shares in the company, valued at $3,532,299.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Daniel Harris Meyer sold 10,000 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $110.08, for a total transaction of $1,100,800.00. Following the completion of the transaction, the director now owns 460,337 shares in the company, valued at approximately $50,673,896.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Katherine Irene Fogertey sold 321 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $95.10, for a total transaction of $30,527.10. Following the transaction, the chief financial officer now owns 37,143 shares of the company’s stock, valued at $3,532,299.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,482 shares of company stock worth $2,443,382. 9.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP raised its position in Shake Shack by 101.2% during the second quarter. Marshall Wace LLP now owns 544,336 shares of the company’s stock worth $48,990,000 after acquiring an additional 273,822 shares in the last quarter. Armistice Capital LLC raised its position in 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 acquiring an additional 236,950 shares in the last quarter. Point72 Asset Management L.P. raised its position in Shake Shack by 471.9% during the second quarter. Point72 Asset Management L.P. now owns 255,374 shares of the company’s stock worth $22,984,000 after acquiring an additional 210,717 shares in the last quarter. Jennison Associates LLC bought a new stake in Shake Shack during the first quarter worth $16,365,000. Finally, Renaissance Technologies LLC raised its position in Shake Shack by 41.9% during the second quarter. Renaissance Technologies LLC now owns 437,600 shares of the company’s stock worth $39,384,000 after acquiring an additional 129,200 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

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.