Shake Shack, Inc. (NYSE:SHAK) Given Consensus Recommendation of “Hold” by Analysts

Shares of Shake Shack, Inc. (NYSE:SHAK) have received an average rating of “Hold” from the twenty-four brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $116.5238.

Several equities research analysts recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Shake Shack from $127.00 to $104.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. JPMorgan Chase & Co. upgraded shares of Shake Shack from an “underweight” rating to a “neutral” rating and reduced their target price for the stock from $95.00 to $90.00 in a report on Thursday, December 18th. Raymond James Financial restated a “strong-buy” rating on shares of Shake Shack in a research report on Tuesday, November 25th. Bank of America reaffirmed an “underperform” rating and issued a $86.00 price target (down previously from $148.00) on shares of Shake Shack in a report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft raised Shake Shack from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Tuesday.

Insider Buying and Selling at Shake Shack

In related news, insider Stephanie Ann Sentell sold 1,100 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $85.14, for a total transaction of $93,654.00. Following the sale, the insider owned 9,907 shares in the company, valued at approximately $843,481.98. This represents a 9.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On Shake Shack

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. bought a new stake in shares of Shake Shack in the 1st quarter worth about $26,000. Ameritas Advisory Services LLC bought a new stake in Shake Shack in the second quarter worth about $31,000. Global Retirement Partners LLC boosted its position in shares of Shake Shack by 83.7% during the third quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock valued at $31,000 after buying an additional 149 shares during the period. Parallel Advisors LLC grew its stake in shares of Shake Shack by 679.4% during the second quarter. Parallel Advisors LLC now owns 265 shares of the company’s stock valued at $37,000 after buying an additional 231 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp grew its stake in shares of Shake Shack by 68.5% during the third quarter. Murphy & Mullick Capital Management Corp now owns 418 shares of the company’s stock valued at $38,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Trading Up 1.5%

Shares of SHAK stock opened at $93.19 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 91.37, a price-to-earnings-growth ratio of 2.06 and a beta of 1.68. Shake Shack has a 12-month low of $72.93 and a 12-month high of $144.65. The stock’s 50-day moving average price is $86.01 and its 200-day moving average price is $101.96.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.05. The business had revenue of $367.41 million during the quarter, compared to analysts’ expectations of $363.69 million. Shake Shack had a return on equity of 10.43% and a net margin of 3.10%.The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. Equities research analysts predict that Shake Shack will post 1.26 EPS for the current fiscal year.

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.