Shake Shack, Inc. (NYSE:SHAK) Given Consensus Rating of “Hold” by Brokerages

Shake Shack, Inc. (NYSE:SHAK) has earned a consensus rating of “Hold” from the twenty-six ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $116.6364.

A number of research analysts have issued reports on SHAK shares. DA Davidson initiated coverage on shares of Shake Shack in a report on Friday, March 6th. They issued a “buy” rating and a $125.00 price target for the company. Deutsche Bank Aktiengesellschaft raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a report on Tuesday, January 6th. Barclays cut their target price on Shake Shack from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Robert W. Baird raised their target price on Shake Shack from $104.00 to $108.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. Finally, Morgan Stanley raised Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $115.00 to $125.00 in a research report on Tuesday, January 20th.

Institutional Investors Weigh In On Shake Shack

A number of large investors have recently bought and sold shares of SHAK. White Pine Capital LLC lifted its stake in Shake Shack by 2.0% during the 2nd quarter. White Pine Capital LLC now owns 4,981 shares of the company’s stock valued at $700,000 after acquiring an additional 100 shares during the period. Glenview Trust co increased its stake in shares of Shake Shack by 1.5% in the second quarter. Glenview Trust co now owns 6,925 shares of the company’s stock worth $974,000 after acquiring an additional 100 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Shake Shack by 12.5% in the third quarter. Smartleaf Asset Management LLC now owns 964 shares of the company’s stock worth $91,000 after acquiring an additional 107 shares during the period. UMB Bank n.a. raised 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 last quarter. Finally, Maryland State Retirement & Pension System raised its holdings in shares of Shake Shack by 2.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 5,905 shares of the company’s stock worth $479,000 after purchasing an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Price Performance

Shares of SHAK stock opened at $88.37 on Friday. Shake Shack has a fifty-two week low of $72.93 and a fifty-two week high of $144.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.76. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 81.07, a PEG ratio of 4.69 and a beta of 1.73. The stock’s 50-day simple moving average is $93.31 and its 200-day simple moving average is $91.56.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. The firm had revenue of $400.53 million during the quarter, compared to analyst estimates of $402.06 million. Shake Shack had a net margin of 3.16% and a return on equity of 11.08%. Shake Shack’s revenue was up 21.8% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS. As a group, equities analysts forecast that Shake Shack will post 1.26 earnings per share 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.