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

Shares of Shake Shack, Inc. (NYSE:SHAK) have been given an average rating of “Hold” by the twenty-four research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $116.10.

Several equities analysts have recently commented on the stock. Loop Capital upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and boosted their target price for the company from $98.00 to $127.00 in a research report on Friday, November 14th. Morgan Stanley upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $115.00 to $125.00 in a research report on Tuesday, January 20th. JPMorgan Chase & Co. upgraded Shake Shack from an “underweight” rating to a “neutral” rating and cut their target price for the stock from $95.00 to $90.00 in a research note on Thursday, December 18th. Mizuho raised Shake Shack to a “hold” rating in a report on Tuesday, October 28th. Finally, Piper Sandler lowered their price target on Shake Shack from $126.00 to $102.00 and set a “neutral” rating for the company in a report on Friday, October 31st.

Insider Transactions at Shake Shack

In other Shake Shack news, insider Stephanie Ann Sentell sold 1,100 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $85.14, for a total transaction of $93,654.00. Following the completion of the transaction, the insider owned 9,907 shares of the company’s stock, valued at approximately $843,481.98. The trade was a 9.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 1,500 shares of company stock valued at $130,648 in the last quarter. Insiders own 8.50% of the company’s stock.

Institutional Trading of Shake Shack

A number of hedge funds have recently made changes to their positions in SHAK. Hilton Head Capital Partners LLC bought a new position in Shake Shack in the 4th quarter valued at approximately $25,000. Geneos Wealth Management Inc. acquired a new position in Shake Shack in the 1st quarter valued at approximately $26,000. Assetmark Inc. increased its position in Shake Shack by 457.6% in the 4th quarter. Assetmark Inc. now owns 368 shares of the company’s stock valued at $30,000 after acquiring an additional 302 shares during the period. Global Retirement Partners LLC raised its stake in shares of Shake Shack by 83.7% during the third quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock valued at $31,000 after acquiring an additional 149 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Shake Shack by 42.2% during the fourth quarter. UMB Bank n.a. now owns 391 shares of the company’s stock worth $32,000 after purchasing an additional 116 shares during the period. 86.07% of the stock is owned by institutional investors and hedge funds.

Shake Shack Stock Up 0.6%

Shares of NYSE SHAK opened at $93.71 on Monday. The stock has a market capitalization of $4.00 billion, a P/E ratio of 91.87, a PEG ratio of 2.90 and a beta of 1.75. The stock’s fifty day moving average is $90.19 and its 200 day moving average is $93.13. Shake Shack has a 52 week low of $72.93 and a 52 week high of $144.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.81 and a current ratio of 1.84.

Shake Shack Company Profile

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.