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

Shares of Shake Shack Inc. (NYSE:SHAK) have earned an average rating of “Hold” from the sixteen analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $115.56.

A number of brokerages have weighed in on SHAK. TD Cowen reissued a “buy” rating and issued a $125.00 price target on shares of Shake Shack in a report on Wednesday, September 18th. Oppenheimer increased their target price on shares of Shake Shack from $122.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $115.00 price target on shares of Shake Shack in a research note on Wednesday, August 28th. Barclays upped their price target on Shake Shack from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $102.00 price objective (down previously from $105.00) on shares of Shake Shack in a report on Tuesday, September 24th.

Insider Transactions at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 22,691 shares of Shake Shack 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 transaction, the director now directly owns 437,646 shares in the company, valued at approximately $54,473,797.62. The trade was a 4.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value 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 $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,754 shares of company stock worth $7,711,497 in the last three months. Insiders own 9.73% of the company’s stock.

Institutional Investors Weigh In On Shake Shack

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Shake Shack during the third quarter worth about $41,000. Quest Partners LLC bought a new position in shares of Shake Shack during the 2nd quarter worth approximately $38,000. Kimelman & Baird LLC bought a new position in shares of Shake Shack during the 2nd quarter worth approximately $45,000. Covestor Ltd raised its holdings in shares of 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 during the last quarter. Finally, KBC Group NV lifted its position in shares of Shake Shack by 24.1% in the third quarter. KBC Group NV now owns 1,206 shares of the company’s stock worth $124,000 after purchasing an additional 234 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Shake Shack Price Performance

NYSE SHAK opened at $132.03 on Wednesday. Shake Shack has a fifty-two week low of $64.16 and a fifty-two week high of $139.89. The stock’s 50-day moving average is $125.33 and its two-hundred day moving average is $106.72. The firm has a market cap of $5.61 billion, a P/E ratio of 776.65, a price-to-earnings-growth ratio of 2.83 and a beta of 1.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98.

Shake Shack (NYSE:SHAK) last released 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 net margin of 0.68% and a return on equity of 6.28%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. On average, analysts anticipate that Shake Shack will post 0.82 earnings per share 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.