Shake Shack Inc. (NYSE:SHAK) Receives $123.78 Average Target Price from Analysts

Shake Shack Inc. (NYSE:SHAK) has earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $123.78.

Several research analysts have recently commented on the company. Oppenheimer boosted their price target on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. UBS Group upped their price target on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Wedbush reissued a “neutral” rating and issued a $130.00 price objective on shares of Shake Shack in a research report on Wednesday, January 15th. Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research report on Wednesday, January 8th. Finally, Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th.

Insider Activity at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 30,000 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 407,646 shares in the company, valued at approximately $49,647,206.34. This represents a 6.85 % 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 642 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the transaction, the chief financial officer now directly owns 30,717 shares of the company’s stock, valued at approximately $4,223,894.67. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,333 shares of company stock worth $6,566,330 over the last three months. Company insiders own 9.73% of the company’s stock.

Institutional Investors Weigh In On Shake Shack

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC raised its stake in Shake Shack by 303.3% in 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 last quarter. Fisher Asset Management LLC grew its stake in 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 acquiring an additional 16,097 shares in the last quarter. GDS Wealth Management acquired a new stake in Shake Shack in the 3rd quarter valued at about $417,000. Charles Schwab Investment Management Inc. lifted its stake in Shake Shack by 7.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 353,501 shares of the company’s stock worth $36,485,000 after purchasing an additional 24,813 shares in the last quarter. Finally, FMR LLC grew its position in shares of Shake Shack by 3.6% in the third quarter. FMR LLC now owns 243,549 shares of the company’s stock valued at $25,137,000 after purchasing an additional 8,512 shares in the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Up 4.0 %

NYSE:SHAK opened at $120.01 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. The firm has a market cap of $5.10 billion, a PE ratio of 705.94, a price-to-earnings-growth ratio of 1.62 and a beta of 1.86. The company has a 50-day moving average of $128.45 and a 200 day moving average of $112.00. Shake Shack has a 1-year low of $68.11 and a 1-year high of $139.89.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $316.92 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $0.17 earnings per share. As a group, research analysts anticipate that Shake Shack will post 0.88 EPS 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.