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

Shares of Shake Shack Inc. (NYSE:SHAK) have been assigned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $88.67.

A number of equities research analysts have weighed in on SHAK shares. Robert W. Baird boosted their target price on shares of Shake Shack from $67.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, February 13th. Truist Financial boosted their target price on shares of Shake Shack from $112.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. boosted their target price on shares of Shake Shack from $65.00 to $100.00 and gave the company an “underweight” rating in a research note on Monday, March 4th. TD Cowen reiterated a “buy” rating and set a $125.00 target price on shares of Shake Shack in a research note on Wednesday, April 10th. Finally, Morgan Stanley boosted their target price on shares of Shake Shack from $88.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th.

Shake Shack Price Performance

SHAK stock opened at $95.23 on Friday. The firm has a 50 day moving average price of $99.88 and a 200-day moving average price of $76.91. Shake Shack has a 52-week low of $52.64 and a 52-week high of $110.90. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 207.02, a PEG ratio of 3.61 and a beta of 1.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.01 and a current ratio of 2.04.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.02 earnings per share for the quarter. Shake Shack had a net margin of 1.82% and a return on equity of 3.67%. The company had revenue of $286.20 million during the quarter, compared to analyst estimates of $280.45 million. During the same period in the previous year, the business earned ($0.06) EPS. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. Equities research analysts forecast that Shake Shack will post 0.71 EPS for the current fiscal year.

Insider Activity

In other news, Director Daniel Harris Meyer sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $95.25, for a total transaction of $2,857,500.00. Following the sale, the director now directly owns 550,437 shares in the company, valued at approximately $52,429,124.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Jeffrey Flug sold 304 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $103.01, for a total value of $31,315.04. Following the sale, the director now directly owns 3,754 shares of the company’s stock, valued at approximately $386,699.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel Harris Meyer sold 30,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $95.25, for a total transaction of $2,857,500.00. Following the completion of the sale, the director now directly owns 550,437 shares in the company, valued at $52,429,124.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,912 shares of company stock worth $10,201,834. 10.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Shake Shack

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Shake Shack by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 4,071,207 shares of the company’s stock worth $276,435,000 after acquiring an additional 48,614 shares in the last quarter. 12 West Capital Management LP grew its stake in Shake Shack by 82.2% in the 3rd quarter. 12 West Capital Management LP now owns 1,659,600 shares of the company’s stock worth $96,373,000 after acquiring an additional 748,789 shares in the last quarter. State Street Corp grew its stake in Shake Shack by 2.4% in the 2nd quarter. State Street Corp now owns 1,318,230 shares of the company’s stock worth $102,453,000 after acquiring an additional 30,401 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in Shake Shack by 19.3% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,046,339 shares of the company’s stock worth $60,761,000 after acquiring an additional 168,947 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Shake Shack by 4.5% in the 1st quarter. Geode Capital Management LLC now owns 692,530 shares of the company’s stock worth $38,429,000 after acquiring an additional 30,086 shares in the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.

About Shake Shack

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.