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

Shares of Shake Shack, Inc. (NYSE:SHAK) have been assigned an average recommendation of “Hold” from the twenty-three analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $124.90.

SHAK has been the subject of a number of recent analyst reports. TD Securities reaffirmed a “hold” rating and issued a $105.00 price objective on shares of Shake Shack in a report on Thursday, June 26th. Stifel Nicolaus cut their price objective on shares of Shake Shack from $120.00 to $97.00 and set a “hold” rating for the company in a report on Tuesday, April 15th. The Goldman Sachs Group lifted their price objective on shares of Shake Shack from $120.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Wells Fargo & Company lifted their price objective on shares of Shake Shack from $95.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, May 30th. Finally, TD Cowen cut shares of Shake Shack from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a report on Monday, May 19th.

Shake Shack Price Performance

NYSE SHAK opened at $139.91 on Friday. The firm’s fifty day simple moving average is $125.84 and its two-hundred day simple moving average is $111.34. 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 12-month low of $72.93 and a 12-month high of $144.65. The firm has a market capitalization of $5.97 billion, a P/E ratio of 499.68, a P/E/G ratio of 3.30 and a beta of 1.77.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Shake Shack had a return on equity of 8.45% and a net margin of 0.97%. The company had revenue of $320.90 million for 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 company’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts forecast that Shake Shack will post 1.26 EPS for the current fiscal year.

Insider Activity at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 3,956 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $127.49, for a total value of $504,350.44. Following the transaction, the chief financial officer directly owned 35,750 shares in the company, valued at approximately $4,557,767.50. This represents a 9.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel Harris Meyer sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $140.07, for a total transaction of $2,801,400.00. Following the completion of the transaction, the director owned 367,984 shares in the company, valued at approximately $51,543,518.88. This represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,391 shares of company stock worth $11,869,925. Company insiders own 9.73% of the company’s stock.

Institutional Trading of Shake Shack

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Shake Shack by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company’s stock valued at $574,497,000 after buying an additional 49,883 shares during the last quarter. Invesco Ltd. increased its holdings in Shake Shack by 2.0% in the first quarter. Invesco Ltd. now owns 1,269,876 shares of the company’s stock valued at $111,965,000 after buying an additional 24,783 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in Shake Shack by 17.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company’s stock valued at $116,078,000 after buying an additional 134,475 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Shake Shack by 144.3% in the first quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company’s stock valued at $69,805,000 after buying an additional 467,748 shares during the last quarter. Finally, Van Berkom & Associates Inc. increased its holdings in Shake Shack by 19.0% in the first quarter. Van Berkom & Associates Inc. now owns 785,594 shares of the company’s stock valued at $69,266,000 after buying an additional 125,357 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

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.