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

Shake Shack, Inc. (NYSE:SHAK) has been given a consensus rating of “Hold” by the twenty-two research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $115.40.

Several brokerages have commented on SHAK. KeyCorp began coverage on shares of Shake Shack in a research report on Monday, June 2nd. They set a “sector weight” rating for the company. Stifel Nicolaus lowered their price objective on shares of Shake Shack from $120.00 to $97.00 and set a “hold” rating for the company in a research report on Tuesday, April 15th. The Goldman Sachs Group boosted their price objective on shares of Shake Shack from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Truist Financial boosted their price objective on shares of Shake Shack from $134.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Finally, TD Cowen cut shares of Shake Shack from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research note on Monday, May 19th.

Insider Activity at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 3,956 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $127.49, for a total transaction of $504,350.44. Following the transaction, the chief financial officer now owns 35,750 shares in the company, valued at approximately $4,557,767.50. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel Harris Meyer sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $130.26, for a total transaction of $1,302,600.00. Following the transaction, the director now owns 386,636 shares in the company, valued at $50,363,205.36. This represents a 2.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,698 shares of company stock worth $4,499,820 over the last quarter. Company insiders own 9.73% of the company’s stock.

Hedge Funds Weigh In On Shake Shack

Institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of Shake Shack by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company’s stock valued at $46,979,000 after purchasing an additional 8,429 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Shake Shack by 6.2% in the 4th quarter. Janus Henderson Group PLC now owns 17,064 shares of the company’s stock worth $2,216,000 after acquiring an additional 1,000 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Shake Shack in the 4th quarter worth about $260,000. GAMMA Investing LLC raised its holdings in shares of Shake Shack by 13,353.1% in the 1st quarter. GAMMA Investing LLC now owns 99,015 shares of the company’s stock worth $8,730,000 after acquiring an additional 98,279 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Shake Shack by 0.3% in the 4th quarter. Rhumbline Advisers now owns 106,129 shares of the company’s stock worth $13,776,000 after acquiring an additional 278 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Stock Down 1.7%

NYSE SHAK opened at $125.10 on Wednesday. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.50. Shake Shack has a 1-year low of $72.93 and a 1-year high of $139.89. The company has a 50 day moving average of $107.38 and a 200-day moving average of $110.72. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 446.79, a PEG ratio of 3.01 and a beta of 1.77.

Shake Shack (NYSE:SHAK) last released its quarterly 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). Shake Shack had a net margin of 0.97% and a return on equity of 8.45%. The business had revenue of $320.90 million during the quarter, compared to analyst estimates of $330.24 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. On average, equities research analysts expect that Shake Shack will post 1.26 earnings per share for the current fiscal year.

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.