Shake Shack (NYSE:SHAK) Given Hold Rating at TD Securities

TD Securities reaffirmed their hold rating on shares of Shake Shack (NYSE:SHAK) in a research report report published on Monday,Benzinga reports. The firm currently has a $105.00 target price on the stock.

A number of other equities research analysts also recently issued reports on SHAK. Truist Financial upped their price target on shares of Shake Shack from $134.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Loop Capital raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research note on Tuesday, April 1st. Raymond James reaffirmed a “strong-buy” rating and set a $140.00 price target (down previously from $145.00) on shares of Shake Shack in a research note on Friday, May 2nd. Barclays decreased their price target on shares of Shake Shack from $155.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Finally, Robert W. Baird upped their price target on shares of Shake Shack from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shake Shack has a consensus rating of “Hold” and an average price target of $113.40.

Shake Shack Price Performance

Shares of NYSE:SHAK opened at $117.39 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The firm has a fifty day moving average price of $91.81 and a 200 day moving average price of $110.98. Shake Shack has a fifty-two week low of $72.93 and a fifty-two week high of $139.89. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 510.39 and a beta of 1.61.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SHAK. Farther Finance Advisors LLC increased its stake in Shake Shack by 939.3% in the 1st quarter. Farther Finance Advisors LLC now owns 291 shares of the company’s stock worth $26,000 after buying an additional 263 shares during the period. Nemes Rush Group LLC purchased a new position in Shake Shack in the 4th quarter worth about $29,000. Harvest Fund Management Co. Ltd purchased a new position in Shake Shack in the 4th quarter worth about $32,000. Garde Capital Inc. purchased a new position in Shake Shack in the 1st quarter worth about $35,000. Finally, Princeton Global Asset Management LLC purchased a new position in Shake Shack in the 1st quarter worth about $44,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

About Shake Shack

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.