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

Shake Shack, Inc. (NYSE:SHAK) has been assigned a consensus recommendation of “Hold” from the twenty-four ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $119.0952.

SHAK has been the topic of several research reports. Wells Fargo & Company decreased their price target on shares of Shake Shack from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. UBS Group dropped their price objective on Shake Shack from $140.00 to $104.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. Piper Sandler decreased their target price on Shake Shack from $126.00 to $102.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Loop Capital raised Shake Shack from a “hold” rating to a “buy” rating and boosted their target price for the stock from $98.00 to $127.00 in a research note on Friday, November 14th. Finally, Bank of America restated an “underperform” rating and issued a $86.00 price target (down from $148.00) on shares of Shake Shack in a research note on Monday, October 6th.

Insider Buying and Selling at Shake Shack

In related news, insider Stephanie Ann Sentell sold 1,100 shares of Shake Shack stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $85.14, for a total transaction of $93,654.00. Following the sale, the insider directly owned 9,907 shares in the company, valued at $843,481.98. This trade represents a 9.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On Shake Shack

Hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of Shake Shack by 21.0% in the third quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company’s stock worth $242,535,000 after purchasing an additional 450,406 shares during the last quarter. 12 West Capital Management LP lifted its stake in Shake Shack by 13.6% during the 3rd quarter. 12 West Capital Management LP now owns 1,753,595 shares of the company’s stock valued at $164,154,000 after acquiring an additional 210,000 shares in the last quarter. State Street Corp boosted its holdings in Shake Shack by 1.1% during the 2nd quarter. State Street Corp now owns 1,470,084 shares of the company’s stock worth $206,694,000 after acquiring an additional 15,607 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Shake Shack by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 914,533 shares of the company’s stock worth $128,600,000 after acquiring an additional 13,932 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Shake Shack by 9.2% during the second quarter. Ameriprise Financial Inc. now owns 864,839 shares of the company’s stock valued at $121,602,000 after purchasing an additional 72,982 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Trading Up 2.8%

NYSE:SHAK opened at $83.40 on Friday. The company has a market cap of $3.56 billion, a P/E ratio of 81.77, a price-to-earnings-growth ratio of 1.79 and a beta of 1.68. Shake Shack has a twelve month low of $72.93 and a twelve month high of $144.65. The business has a 50 day moving average price of $86.28 and a two-hundred day moving average price of $103.43. The company has a quick ratio of 1.81, a current ratio of 1.84 and a debt-to-equity ratio of 0.46.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. Shake Shack had a return on equity of 10.43% and a net margin of 3.10%.The company had revenue of $367.41 million during the quarter, compared to the consensus estimate of $363.69 million. During the same quarter in the prior year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, analysts expect that Shake Shack will post 1.26 EPS for the current fiscal year.

About Shake Shack

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.