Shake Shack Inc (SHAK) Receives $54.77 Consensus PT from Analysts

Shares of Shake Shack Inc (NYSE:SHAK) have received an average rating of “Hold” from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $54.77.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Shake Shack from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Wedbush reissued a “hold” rating and set a $62.00 price objective on shares of Shake Shack in a research note on Friday, August 3rd. Morgan Stanley raised their price objective on shares of Shake Shack from $47.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Monday, July 16th. Cowen reissued a “hold” rating and set a $59.00 price objective on shares of Shake Shack in a research note on Wednesday, July 25th. Finally, Barclays raised their price objective on shares of Shake Shack from $52.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Monday, August 6th.

Shares of SHAK opened at $52.82 on Friday. Shake Shack has a 1-year low of $35.43 and a 1-year high of $70.12. The company has a market cap of $1.93 billion, a PE ratio of 92.67, a price-to-earnings-growth ratio of 3.80 and a beta of 1.21.



Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.11. Shake Shack had a net margin of 0.42% and a return on equity of 10.39%. The business had revenue of $116.30 million during the quarter, compared to analysts’ expectations of $110.70 million. During the same period last year, the company posted $0.20 EPS. The company’s revenue was up 27.4% on a year-over-year basis. As a group, research analysts predict that Shake Shack will post 0.61 earnings per share for the current year.

In related news, major shareholder Equity Group L.P. Select sold 57,404 shares of the firm’s stock in a transaction that occurred on Tuesday, October 23rd. The shares were sold at an average price of $53.56, for a total transaction of $3,074,558.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Flug sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $58.46, for a total transaction of $1,461,500.00. Following the sale, the director now owns 4,415 shares in the company, valued at approximately $258,100.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,284,560 shares of company stock worth $74,700,300. 30.18% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in SHAK. BlackRock Inc. boosted its holdings in shares of Shake Shack by 15.2% in the 2nd quarter. BlackRock Inc. now owns 2,914,696 shares of the company’s stock valued at $192,895,000 after purchasing an additional 384,867 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Shake Shack by 122.4% in the 2nd quarter. Renaissance Technologies LLC now owns 553,200 shares of the company’s stock valued at $36,611,000 after purchasing an additional 304,500 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Shake Shack by 5.3% in the 2nd quarter. Morgan Stanley now owns 4,130,314 shares of the company’s stock valued at $273,344,000 after purchasing an additional 207,141 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Shake Shack in the 2nd quarter valued at $11,538,000. Finally, OppenheimerFunds Inc. boosted its holdings in shares of Shake Shack by 15.1% in the 2nd quarter. OppenheimerFunds Inc. now owns 1,157,508 shares of the company’s stock valued at $76,604,000 after purchasing an additional 152,071 shares during the last quarter. Institutional investors own 87.50% of the company’s stock.

Shake Shack Company Profile

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of October 9, 2018, it operated 180 locations in 26 U.S.

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Analyst Recommendations for Shake Shack (NYSE:SHAK)

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