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

Shares of Shake Shack Inc. (NYSE:SHAKGet Free Report) have been given a consensus recommendation of “Hold” by the seventeen analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $99.22.

A number of analysts have weighed in on SHAK shares. Truist Financial boosted their target price on shares of Shake Shack from $124.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Robert W. Baird boosted their price objective on shares of Shake Shack from $102.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Morgan Stanley boosted their price objective on shares of Shake Shack from $88.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Barclays boosted their price objective on shares of Shake Shack from $92.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Finally, UBS Group boosted their target price on shares of Shake Shack from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, May 3rd.

Check Out Our Latest Stock Report on SHAK

Hedge Funds Weigh In On Shake Shack

Several institutional investors have recently made changes to their positions in the stock. Quent Capital LLC raised its holdings in shares of Shake Shack by 2,469.1% during the second quarter. Quent Capital LLC now owns 2,081 shares of the company’s stock valued at $187,000 after purchasing an additional 2,000 shares during the period. Virtu Financial LLC acquired a new stake in shares of Shake Shack in the 1st quarter worth about $653,000. Silvercrest Asset Management Group LLC acquired a new stake in shares of Shake Shack in the 1st quarter worth about $418,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Shake Shack by 7.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,883 shares of the company’s stock worth $2,173,000 after acquiring an additional 1,358 shares during the last quarter. Finally, Truvestments Capital LLC raised its holdings in shares of Shake Shack by 135.1% in the 1st quarter. Truvestments Capital LLC now owns 8,244 shares of the company’s stock worth $858,000 after acquiring an additional 4,738 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Stock Performance

Shares of NYSE:SHAK opened at $84.73 on Wednesday. The company’s 50 day simple moving average is $94.72 and its 200 day simple moving average is $91.52. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 154.06, a price-to-earnings-growth ratio of 3.43 and a beta of 1.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 1.99. Shake Shack has a 1 year low of $52.79 and a 1 year high of $111.29.

Shake Shack (NYSE:SHAKGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $291.00 million. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) earnings per share. As a group, research analysts predict that Shake Shack will post 0.74 EPS for the current fiscal year.

About Shake Shack

(Get Free Report

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.

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Analyst Recommendations for Shake Shack (NYSE:SHAK)

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