Shake Shack, Inc. (NYSE:SHAK) Receives Average Rating of “Hold” from Brokerages

Shares of Shake Shack, Inc. (NYSE:SHAK) have been given an average recommendation of “Hold” by the twenty-five ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $116.5238.

Several research analysts have recently commented on the stock. Robert W. Baird decreased their price target on shares of Shake Shack from $127.00 to $104.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Raymond James Financial set a $140.00 target price on shares of Shake Shack in a report on Wednesday, January 21st. JPMorgan Chase & Co. raised Shake Shack from an “underweight” rating to a “neutral” rating and lowered their target price for the company from $95.00 to $90.00 in a report on Thursday, December 18th. Stifel Nicolaus dropped their price target on Shake Shack from $110.00 to $105.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. Finally, Bank of America restated an “underperform” rating and set a $86.00 price objective (down previously from $148.00) on shares of Shake Shack in a research report on Monday, October 6th.

Insiders Place Their Bets

In related news, insider Stephanie Ann Sentell sold 1,100 shares of Shake Shack stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $85.14, for a total value of $93,654.00. Following the transaction, the insider owned 9,907 shares of the company’s stock, valued at approximately $843,481.98. This trade represents a 9.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 1,500 shares of company stock worth $130,648 in the last ninety days. Company insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On Shake Shack

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. White Pine Capital LLC grew its holdings in Shake Shack by 2.0% in the 2nd quarter. White Pine Capital LLC now owns 4,981 shares of the company’s stock worth $700,000 after acquiring an additional 100 shares during the last quarter. Glenview Trust co raised its stake in shares of Shake Shack by 1.5% during the second quarter. Glenview Trust co now owns 6,925 shares of the company’s stock valued at $974,000 after acquiring an additional 100 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of Shake Shack by 0.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 13,512 shares of the company’s stock worth $1,900,000 after purchasing an additional 106 shares during the period. Keybank National Association OH grew its stake in shares of Shake Shack by 1.8% in the second quarter. Keybank National Association OH now owns 6,079 shares of the company’s stock worth $855,000 after purchasing an additional 106 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Shake Shack by 12.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 964 shares of the company’s stock valued at $91,000 after purchasing an additional 107 shares during the period. 86.07% of the stock is owned by hedge funds and other institutional investors.

Shake Shack Price Performance

SHAK stock opened at $87.95 on Thursday. The stock’s 50 day moving average price is $87.03 and its 200 day moving average price is $97.91. The firm has a market cap of $3.75 billion, a P/E ratio of 86.23, a PEG ratio of 2.62 and a beta of 1.68. 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 has a 1 year low of $72.93 and a 1 year high of $144.65.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. The firm had revenue of $367.41 million for the quarter, compared to analyst estimates of $363.69 million. Shake Shack had a net margin of 3.10% and a return on equity of 10.43%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. On average, sell-side analysts expect 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.