Shake Shack (NYSE:SHAK) Research Coverage Started at Wolfe Research

Wolfe Research initiated coverage on shares of Shake Shack (NYSE:SHAK) in a report published on Monday, MarketBeat reports. The brokerage issued an outperform rating and a $118.00 price target on the stock.

A number of other research firms have also issued reports on SHAK. Robert W. Baird increased their price target on Shake Shack from $104.00 to $108.00 and gave the company a “neutral” rating in a research report on Friday, February 27th. Loop Capital raised Shake Shack from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $98.00 to $127.00 in a research report on Friday, November 14th. Morgan Stanley raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $115.00 to $125.00 in a report on Tuesday, January 20th. Raymond James Financial set a $140.00 price target on shares of Shake Shack in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company boosted their price target on shares of Shake Shack from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Shake Shack presently has a consensus rating of “Hold” and an average target price of $116.64.

Shake Shack Stock Performance

NYSE:SHAK opened at $92.54 on Monday. Shake Shack has a 52 week low of $72.93 and a 52 week high of $144.65. The company has a fifty day simple moving average of $93.11 and a two-hundred day simple moving average of $92.19. The company has a quick ratio of 1.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 84.90, a price-to-earnings-growth ratio of 5.10 and a beta of 1.73.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. Shake Shack had a return on equity of 11.08% and a net margin of 3.16%.The business had revenue of $400.53 million for the quarter, compared to analysts’ expectations of $402.06 million. During the same period last year, the firm earned $0.26 earnings per share. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, equities analysts anticipate that Shake Shack will post 1.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. White Pine Capital LLC raised its stake in Shake Shack by 2.0% during the 2nd quarter. White Pine Capital LLC now owns 4,981 shares of the company’s stock worth $700,000 after acquiring an additional 100 shares in the last quarter. Glenview Trust co boosted its stake in Shake Shack by 1.5% in the second quarter. Glenview Trust co now owns 6,925 shares of the company’s stock valued at $974,000 after acquiring an additional 100 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Shake Shack by 12.5% during the third quarter. Smartleaf Asset Management LLC now owns 964 shares of the company’s stock worth $91,000 after purchasing an additional 107 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Shake Shack by 42.2% during the fourth quarter. UMB Bank n.a. now owns 391 shares of the company’s stock worth $32,000 after purchasing an additional 116 shares during the last quarter. Finally, Maryland State Retirement & Pension System increased its position in shares of Shake Shack by 2.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 5,905 shares of the company’s stock worth $479,000 after purchasing an additional 119 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

About Shake Shack

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.