Shake Shack’s (SHAK) “Underperform” Rating Reaffirmed at Bank of America

Bank of America reiterated their underperform rating on shares of Shake Shack (NYSE:SHAK) in a research note released on Monday morning, Marketbeat reports. The firm currently has a $86.00 price objective on the stock, down from their prior price objective of $148.00.

Several other research analysts have also recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Shake Shack from $160.00 to $137.00 and set a “buy” rating on the stock in a report on Tuesday, September 30th. UBS Group restated a “neutral” rating and issued a $140.00 price objective (up previously from $100.00) on shares of Shake Shack in a research report on Friday, July 25th. Sanford C. Bernstein set a $166.00 target price on shares of Shake Shack and gave the stock an “overweight” rating in a report on Thursday, June 26th. Wells Fargo & Company raised their target price on Shake Shack from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. Finally, Jefferies Financial Group lowered Shake Shack from a “hold” rating to an “underperform” rating and upped their price target for the company from $100.00 to $120.00 in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $129.16.

Shake Shack Stock Down 1.2%

SHAK opened at $95.63 on Monday. Shake Shack has a 12 month low of $72.93 and a 12 month high of $144.65. The company has a current ratio of 1.92, a quick ratio of 1.89 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $104.31 and its 200-day moving average price is $110.35. The company has a market cap of $4.08 billion, a P/E ratio of 207.90, a P/E/G ratio of 2.20 and a beta of 1.65.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.07. The business had revenue of $356.47 million for the quarter, compared to analyst estimates of $352.56 million. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.Shake Shack’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $0.27 EPS. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts expect that Shake Shack will post 1.26 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SHAK. Wealth Enhancement Advisory Services LLC boosted its position in shares of Shake Shack by 13.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,192 shares of the company’s stock valued at $544,000 after purchasing an additional 489 shares in the last quarter. GAMMA Investing LLC lifted its position in Shake Shack by 13,353.1% during the first quarter. GAMMA Investing LLC now owns 99,015 shares of the company’s stock valued at $8,730,000 after buying an additional 98,279 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Shake Shack by 939.3% during the 1st quarter. Farther Finance Advisors LLC now owns 291 shares of the company’s stock valued at $26,000 after buying an additional 263 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Shake Shack during the 1st quarter valued at $787,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Shake Shack in the 1st quarter worth about $1,167,000. 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.