Shake Shack, Inc. (NYSE:SHAK) Stock Rating Upgraded by TheStreet
Shake Shack, Inc. (NYSE:SHAK) was upgraded by stock analysts at TheStreet from a “d” rating to a “c-” rating in a research note issued to investors on Thursday.
Several other research analysts have also weighed in on SHAK. Wedbush dropped their price objective on shares of Shake Shack from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday. Vetr downgraded shares of Shake Shack from a “strong-buy” rating to a “buy” rating and set a $42.33 target price for the company. in a research report on Wednesday, June 7th. BidaskClub downgraded shares of Shake Shack from a “sell” rating to a “strong sell” rating in a research report on Thursday. Barclays PLC decreased their target price on shares of Shake Shack from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Cowen and Company decreased their target price on shares of Shake Shack from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Monday, May 15th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Shake Shack currently has a consensus rating of “Hold” and a consensus target price of $37.60.
Shake Shack (NYSE SHAK) opened at 31.35 on Thursday. The firm has a 50 day moving average of $35.48 and a 200-day moving average of $35.01. The firm has a market cap of $807.48 million, a price-to-earnings ratio of 58.27 and a beta of 1.29. Shake Shack has a one year low of $30.36 and a one year high of $42.94.
Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.04. The firm had revenue of $91.30 million for the quarter, compared to analyst estimates of $89 million. Shake Shack had a net margin of 4.70% and a return on equity of 8.92%. The company’s revenue for the quarter was up 37.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. Equities research analysts forecast that Shake Shack will post $0.50 EPS for the current fiscal year.
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In related news, Director Jeffrey Flug sold 85,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $37.02, for a total transaction of $3,146,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel Harris Meyer sold 25,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $38.04, for a total transaction of $951,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 381,011 shares of company stock valued at $14,110,511. 34.91% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of SHAK. Russell Investments Group Ltd. purchased a new stake in Shake Shack during the fourth quarter valued at about $230,000. Dimensional Fund Advisors LP increased its stake in Shake Shack by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 97,555 shares of the company’s stock valued at $3,491,000 after buying an additional 4,092 shares in the last quarter. Guggenheim Capital LLC increased its stake in Shake Shack by 29.5% in the fourth quarter. Guggenheim Capital LLC now owns 8,250 shares of the company’s stock valued at $296,000 after buying an additional 1,881 shares in the last quarter. Teachers Advisors LLC increased its stake in Shake Shack by 6.1% in the fourth quarter. Teachers Advisors LLC now owns 25,983 shares of the company’s stock valued at $930,000 after buying an additional 1,504 shares in the last quarter. Finally, Creative Planning increased its stake in Shake Shack by 714.8% in the first quarter. Creative Planning now owns 11,285 shares of the company’s stock valued at $377,000 after buying an additional 9,900 shares in the last quarter. 97.46% of the stock is owned by institutional investors and hedge funds.
About Shake Shack
Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.
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