Capital One Financial Initiates Coverage on Shake Shack (NYSE:SHAK)

Analysts at Capital One Financial started coverage on shares of Shake Shack (NYSE:SHAK) in a research report issued on Monday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $95.00 price target on the stock. Capital One Financial‘s price objective points to a potential upside of 17.28% from the company’s current price.

SHAK has been the subject of several other research reports. TD Cowen restated a “buy” rating and issued a $125.00 price target on shares of Shake Shack in a report on Thursday, June 13th. Truist Financial boosted their target price on Shake Shack from $124.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, July 1st. JPMorgan Chase & Co. boosted their target price on Shake Shack from $102.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, June 3rd. UBS Group boosted their target price on Shake Shack from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, Robert W. Baird boosted their target price on Shake Shack from $102.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Shake Shack presently has an average rating of “Hold” and an average target price of $99.26.

Shake Shack Stock Up 1.1 %

SHAK opened at $81.00 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 1.99. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 147.28, a price-to-earnings-growth ratio of 2.14 and a beta of 1.76. The business has a 50-day moving average of $89.52 and a two-hundred day moving average of $92.53. Shake Shack has a 12 month low of $52.79 and a 12 month high of $111.29.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $290.50 million during the quarter, compared to analysts’ expectations of $291.00 million. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) EPS. On average, research analysts expect that Shake Shack will post 0.75 earnings per share for the current year.

Hedge Funds Weigh In On Shake Shack

A number of institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. raised its position in shares of Shake Shack by 4.5% in the 4th quarter. QRG Capital Management Inc. now owns 3,711 shares of the company’s stock valued at $275,000 after purchasing an additional 161 shares in the last quarter. CWM LLC raised its position in shares of Shake Shack by 24.7% in the 2nd quarter. CWM LLC now owns 1,046 shares of the company’s stock valued at $94,000 after purchasing an additional 207 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Shake Shack by 5.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,855 shares of the company’s stock valued at $347,000 after purchasing an additional 212 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Shake Shack in the 1st quarter valued at approximately $25,000. Finally, Louisiana State Employees Retirement System raised its position in shares of Shake Shack by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the company’s stock valued at $1,701,000 after purchasing an additional 300 shares in the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

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, 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.