Shake Shack (NYSE:SHAK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Shake Shack (NYSE:SHAK) from a sell rating to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.

SHAK has been the topic of several other research reports. UBS Group cut their price target on Shake Shack from $79.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Raymond James Financial downgraded shares of Shake Shack from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $125.00 to $85.00 in a research report on Wednesday, June 3rd. DA Davidson boosted their price target on shares of Shake Shack from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. TD Cowen restated a “hold” rating on shares of Shake Shack in a report on Wednesday, August 5th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Shake Shack in a research note on Wednesday, May 20th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $89.71.

Shake Shack Trading Down 0.2%

NYSE:SHAK opened at $63.53 on Friday. Shake Shack has a 12 month low of $51.60 and a 12 month high of $107.46. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 67.59, a PEG ratio of 7.03 and a beta of 1.66. The firm has a fifty day simple moving average of $65.87 and a two-hundred day simple moving average of $73.81.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.12. The firm had revenue of $417.62 million for the quarter, compared to analyst estimates of $417.18 million. Shake Shack had a net margin of 2.56% and a return on equity of 9.29%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. Analysts expect that Shake Shack will post 1.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund lifted its holdings in shares of Shake Shack by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,186 shares of the company’s stock worth $746,000 after buying an additional 150 shares in the last quarter. Hilton Head Capital Partners LLC boosted its position in shares of Shake Shack by 65.0% in the first quarter. Hilton Head Capital Partners LLC now owns 513 shares of the company’s stock valued at $45,000 after acquiring an additional 202 shares during the period. Murphy & Mullick Capital Management Corp grew its stake in Shake Shack by 42.5% during the first quarter. Murphy & Mullick Capital Management Corp now owns 738 shares of the company’s stock valued at $65,000 after acquiring an additional 220 shares in the last quarter. ProShare Advisors LLC increased its holdings in Shake Shack by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 7,578 shares of the company’s stock worth $615,000 after acquiring an additional 226 shares during the period. Finally, IFP Advisors Inc grew its position in shares of Shake Shack by 43.0% during the 2nd quarter. IFP Advisors Inc now owns 924 shares of the company’s stock valued at $52,000 after purchasing an additional 278 shares in the last quarter. Institutional investors own 86.07% of the company’s stock.

Shake Shack Company Profile

Shake Shack Inc (NYSE: SHAK) operates a global chain of fast-casual restaurants known for made-to-order burgers, chicken sandwiches, hot dogs, crinkle-cut fries, frozen custard, shakes, and other beverages. Its menu also includes beer and wine at select locations, with an emphasis on premium ingredients and hospitality-focused service.

The company traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 as part of a park revitalization project. The first permanent Shake Shack restaurant opened in the park in 2004.