Shake Shack Inc. (NYSE:SHAK) Receives $115.56 Consensus Target Price from Analysts

Shake Shack Inc. (NYSE:SHAK) has earned a consensus rating of “Hold” from the sixteen research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $115.56.

Several research analysts have recently commented on SHAK shares. 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. Barclays boosted their price target on shares of Shake Shack from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. TD Cowen restated a “buy” rating and set a $125.00 price objective on shares of Shake Shack in a research report on Wednesday, September 18th. Oppenheimer upped their target price on shares of Shake Shack from $122.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Truist Financial raised their price target on Shake Shack from $144.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, December 19th.

Insider Transactions at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 22,691 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 437,646 shares of the company’s stock, valued at $54,473,797.62. This represents a 4.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Katherine Irene Fogertey sold 321 shares of Shake Shack stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $103.93, for a total value of $33,361.53. Following the completion of the sale, the chief financial officer now owns 36,180 shares in the company, valued at approximately $3,760,187.40. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,654 shares of company stock worth $7,700,492. Insiders own 9.73% of the company’s stock.

Institutional Trading of Shake Shack

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SHAK. Hsbc Holdings PLC increased its position in Shake Shack by 303.3% during the 2nd quarter. Hsbc Holdings PLC now owns 16,604 shares of the company’s stock valued at $1,460,000 after purchasing an additional 12,487 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Shake Shack by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 354,114 shares of the company’s stock valued at $36,548,000 after purchasing an additional 16,097 shares in the last quarter. GDS Wealth Management purchased a new position in shares of Shake Shack during the third quarter valued at about $417,000. Jennison Associates LLC raised its stake in Shake Shack by 10.8% in the third quarter. Jennison Associates LLC now owns 294,111 shares of the company’s stock worth $30,355,000 after buying an additional 28,661 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Shake Shack by 7.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 353,501 shares of the company’s stock worth $36,485,000 after buying an additional 24,813 shares during the period. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Up 0.1 %

SHAK opened at $132.55 on Wednesday. The firm has a market capitalization of $5.63 billion, a P/E ratio of 779.71, a price-to-earnings-growth ratio of 2.83 and a beta of 1.85. Shake Shack has a one year low of $64.16 and a one year high of $139.89. The company has a fifty day moving average price of $126.26 and a 200-day moving average price of $107.07. 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 posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The company had revenue of $316.92 million during 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 firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company earned $0.17 earnings per share. Equities research analysts expect that Shake Shack will post 0.82 earnings per share for the current fiscal year.

Shake Shack Company Profile

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.