Shake Shack’s (SHAK) “Buy” Rating Reiterated at TD Securities

TD Securities reaffirmed their buy rating on shares of Shake Shack (NYSE:SHAK) in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a $105.00 price objective on the stock.

Several other equities analysts have also recently commented on the company. Wells Fargo & Company assumed coverage on Shake Shack in a report on Wednesday, March 26th. They issued an “equal weight” rating and a $95.00 price target for the company. Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a research note on Wednesday, January 8th. Truist Financial decreased their price objective on shares of Shake Shack from $154.00 to $131.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus cut their price target on Shake Shack from $120.00 to $97.00 and set a “hold” rating on the stock in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Shake Shack from $107.00 to $105.00 and set an “underweight” rating on the stock in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.71.

Shake Shack Stock Performance

Shake Shack stock opened at $94.51 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. The company has a market cap of $4.02 billion, a P/E ratio of 410.91 and a beta of 1.61. Shake Shack has a fifty-two week low of $72.93 and a fifty-two week high of $139.89. The firm’s 50 day simple moving average is $89.28 and its 200-day simple moving average is $111.32.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $320.90 million for the quarter, compared to analyst estimates of $330.24 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. Shake Shack’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share. As a group, equities research analysts predict that Shake Shack will post 1.26 EPS for the current year.

Institutional Trading of Shake Shack

A number of institutional investors have recently made changes to their positions in SHAK. GDS Wealth Management raised its stake in Shake Shack by 253.6% in the fourth quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock worth $1,853,000 after buying an additional 10,239 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Shake Shack by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company’s stock valued at $46,979,000 after acquiring an additional 8,429 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Shake Shack in the fourth quarter worth approximately $260,000. Assenagon Asset Management S.A. boosted its position in Shake Shack by 45.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 152,264 shares of the company’s stock worth $19,764,000 after purchasing an additional 47,906 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Shake Shack by 0.3% during the 4th quarter. Rhumbline Advisers now owns 106,129 shares of the company’s stock valued at $13,776,000 after acquiring an additional 278 shares during the period. Hedge funds and other institutional investors own 86.07% of the company’s stock.

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.