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

Shake Shack Inc. (NYSE:SHAK) has received an average recommendation of “Hold” from the eighteen ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have given 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 $107.39.

A number of equities analysts recently commented on SHAK shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $115.00 price target on shares of Shake Shack in a research report on Wednesday, August 28th. TD Cowen reaffirmed a “buy” rating and set a $125.00 price target on shares of Shake Shack in a research report on Wednesday, September 18th. The Goldman Sachs Group raised their price target on shares of Shake Shack from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Barclays raised their price target on shares of Shake Shack from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Finally, Robert W. Baird raised their price target on shares of Shake Shack from $93.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd.

Shake Shack Price Performance

Shares of SHAK opened at $109.90 on Friday. The firm has a market capitalization of $4.67 billion, a PE ratio of 199.82, a PEG ratio of 3.29 and a beta of 1.83. The company’s 50-day moving average is $103.17 and its 200-day moving average is $97.64. Shake Shack has a fifty-two week low of $52.79 and a fifty-two week high of $112.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.06 and a quick ratio of 2.03.

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

Insider Activity

In related news, CFO Katherine Irene Fogertey sold 321 shares of the firm’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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Katherine Irene Fogertey sold 321 shares of the firm’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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel Harris Meyer sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the completion of the transaction, the director now owns 470,437 shares of the company’s stock, valued at approximately $51,860,974.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,482 shares of company stock worth $2,443,382. Corporate insiders own 9.73% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SHAK. Allspring Global Investments Holdings LLC bought a new position in Shake Shack during the 1st quarter worth approximately $25,000. Quest Partners LLC bought a new position in Shake Shack during the 2nd quarter worth approximately $38,000. Kimelman & Baird LLC bought a new position in Shake Shack during the 2nd quarter worth approximately $45,000. Covestor Ltd raised its holdings in Shake Shack by 32,150.0% during the 1st quarter. Covestor Ltd now owns 645 shares of the company’s stock worth $67,000 after purchasing an additional 643 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Shake Shack in the 1st quarter valued at $97,000. Institutional investors 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.