Shake Shack Inc. (NYSE:SHAK) Receives Consensus Rating of “Hold” from Analysts

Shake Shack Inc. (NYSE:SHAK) has been assigned an average recommendation of “Hold” from the seventeen research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $88.67.

Several research analysts have issued reports on SHAK shares. Robert W. Baird raised their price objective on shares of Shake Shack from $67.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. raised their target price on shares of Shake Shack from $65.00 to $100.00 and gave the company an “underweight” rating in a report on Monday, March 4th. UBS Group lifted their price target on shares of Shake Shack from $80.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. StockNews.com downgraded shares of Shake Shack from a “hold” rating to a “sell” rating in a report on Monday, March 4th. Finally, Morgan Stanley boosted their target price on shares of Shake Shack from $88.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, April 12th.

Insider Buying and Selling at Shake Shack

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $103.01, for a total transaction of $31,315.04. Following the completion of the sale, the director now owns 3,754 shares in the company, valued at $386,699.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $103.01, for a total transaction of $31,315.04. Following the completion of the transaction, the director now owns 3,754 shares in the company, valued at $386,699.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel Harris Meyer sold 23,966 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $100.13, for a total transaction of $2,399,715.58. Following the transaction, the director now owns 526,471 shares of the company’s stock, valued at approximately $52,715,541.23. The disclosure for this sale can be found here. Insiders sold a total of 100,912 shares of company stock worth $10,201,834 over the last 90 days. Insiders own 10.06% of the company’s stock.

Institutional Investors Weigh In On Shake Shack

Several institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its holdings in Shake Shack by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 15,282 shares of the company’s stock worth $1,188,000 after purchasing an additional 141 shares during the period. Baird Financial Group Inc. lifted its holdings in Shake Shack by 1.4% in the 4th quarter. Baird Financial Group Inc. now owns 10,915 shares of the company’s stock valued at $809,000 after acquiring an additional 148 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Shake Shack by 4.5% in the 4th quarter. QRG Capital Management Inc. now owns 3,711 shares of the company’s stock valued at $275,000 after acquiring an additional 161 shares during the last quarter. Cim Investment Management Inc. lifted its holdings in Shake Shack by 3.6% in the 1st quarter. Cim Investment Management Inc. now owns 5,677 shares of the company’s stock valued at $315,000 after acquiring an additional 195 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Shake Shack by 5.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,313 shares of the company’s stock valued at $335,000 after acquiring an additional 224 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Trading Up 0.3 %

NYSE SHAK opened at $95.23 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 2.01. The firm’s fifty day moving average price is $99.88 and its 200 day moving average price is $76.91. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 207.02, a price-to-earnings-growth ratio of 3.61 and a beta of 1.80. Shake Shack has a 12 month low of $52.64 and a 12 month high of $110.90.

Shake Shack (NYSE:SHAK) last posted its earnings results on Thursday, February 15th. The company reported $0.02 EPS for the quarter. Shake Shack had a net margin of 1.82% and a return on equity of 3.67%. The firm had revenue of $286.20 million for the quarter, compared to the consensus estimate of $280.45 million. During the same period last year, the firm posted ($0.06) EPS. The company’s revenue was up 20.0% on a year-over-year basis. On average, sell-side analysts expect that Shake Shack will post 0.71 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.