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 report issued on Thursday,Benzinga reports. TD Securities currently has a $105.00 price objective on the stock.

Other equities analysts have also recently issued research reports about the company. Loop Capital upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a report on Tuesday, April 1st. UBS Group reduced their price objective on Shake Shack from $140.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, April 28th. The Goldman Sachs Group boosted their price objective on Shake Shack from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Robert W. Baird boosted their price objective on Shake Shack from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Finally, BTIG Research downgraded Shake Shack from a “buy” rating to a “neutral” rating in a research report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $123.95.

Shake Shack Trading Up 3.4%

Shake Shack stock opened at $138.46 on Thursday. Shake Shack has a 52 week low of $72.93 and a 52 week high of $140.97. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.88 and a current ratio of 1.91. The stock has a market capitalization of $5.91 billion, a P/E ratio of 494.50, a PEG ratio of 3.17 and a beta of 1.77. The stock has a 50-day simple moving average of $114.37 and a 200 day simple moving average of $110.80.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Shake Shack had a return on equity of 8.45% and a net margin of 0.97%. The business had revenue of $320.90 million for the quarter, compared to the consensus estimate of $330.24 million. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Analysts expect that Shake Shack will post 1.26 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Daniel Harris Meyer sold 10,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $130.10, for a total value of $1,301,000.00. Following the completion of the sale, the director now directly owns 396,636 shares in the company, valued at $51,602,343.60. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Katherine Irene Fogertey sold 562 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $124.84, for a total value of $70,160.08. Following the completion of the sale, the chief financial officer now owns 35,188 shares of the company’s stock, valued at $4,392,869.92. The trade was a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,698 shares of company stock valued at $4,499,820. 9.73% of the stock is currently owned by insiders.

Institutional Trading of Shake Shack

A number of institutional investors and hedge funds have recently bought and sold shares of SHAK. Farther Finance Advisors LLC increased its holdings in Shake Shack by 939.3% in the first quarter. Farther Finance Advisors LLC now owns 291 shares of the company’s stock valued at $26,000 after purchasing an additional 263 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Shake Shack in the first quarter valued at $26,000. Nemes Rush Group LLC acquired a new stake in Shake Shack in the fourth quarter valued at $29,000. Harvest Fund Management Co. Ltd acquired a new stake in Shake Shack in the fourth quarter valued at $32,000. Finally, Garde Capital Inc. bought a new stake in Shake Shack during the first quarter valued at $35,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.

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.