Shake Shack’s (SHAK) Buy Rating Reaffirmed at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Shake Shack (NYSE:SHAK) in a research note published on Monday morning,Benzinga reports. DA Davidson currently has a $125.00 price objective on the stock.

Other research analysts also recently issued research reports about the stock. Morgan Stanley upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $115.00 to $125.00 in a research report on Tuesday, January 20th. Zacks Research upgraded shares of Shake Shack from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Raymond James Financial set a $140.00 price objective on shares of Shake Shack in a research report on Wednesday, January 21st. Robert W. Baird upped their price objective on shares of Shake Shack from $104.00 to $108.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. Finally, Guggenheim assumed coverage on shares of Shake Shack in a research report on Friday. They issued a “buy” rating and a $120.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.67.

Shake Shack Stock Down 1.7%

SHAK stock opened at $101.30 on Monday. The firm has a market cap of $4.32 billion, a PE ratio of 92.93, a P/E/G ratio of 4.04 and a beta of 1.75. 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’s fifty day moving average is $93.86 and its 200 day moving average is $90.89. Shake Shack has a one year low of $76.51 and a one year high of $144.65.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The business had revenue of $400.53 million during the quarter, compared to the consensus estimate of $402.06 million. Shake Shack had a net margin of 3.16% and a return on equity of 11.08%. The company’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 earnings per share. On average, research analysts forecast that Shake Shack will post 1.39 EPS for the current year.

Insider Transactions at Shake Shack

In related news, insider Stephanie Ann Sentell sold 258 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $102.21, for a total transaction of $26,370.18. Following the completion of the sale, the insider owned 15,084 shares of the company’s stock, valued at approximately $1,541,735.64. This represents a 1.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 8.50% of the company’s stock.

Institutional Trading of Shake Shack

Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. purchased a new stake in Shake Shack during the 1st quarter valued at about $26,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Shake Shack in the 4th quarter valued at approximately $25,000. Global Retirement Partners LLC grew its stake in shares of Shake Shack by 83.7% in the 3rd quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock valued at $31,000 after buying an additional 149 shares during the period. Assetmark Inc. grew its stake in shares of 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 buying an additional 302 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of Shake Shack by 42.2% in the 4th quarter. UMB Bank n.a. now owns 391 shares of the company’s stock valued at $32,000 after buying an additional 116 shares during the period. Hedge funds and other institutional investors own 86.07% of the company’s stock.

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.