Shake Shack Inc (NYSE:SHAK) has been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $54.56.

Several brokerages recently commented on SHAK. Stifel Nicolaus reduced their price target on shares of Shake Shack from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, December 12th. ValuEngine cut Shake Shack from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. Zacks Investment Research cut Shake Shack from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Barclays dropped their target price on Shake Shack from $59.00 to $56.00 and set an “equal weight” rating for the company in a report on Friday, November 2nd. Finally, Longbow Research upgraded Shake Shack from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a report on Tuesday, November 6th.

Shares of NYSE:SHAK opened at $50.31 on Tuesday. The company has a market capitalization of $1.78 billion, a P/E ratio of 88.26, a PEG ratio of 3.03 and a beta of 1.40. Shake Shack has a 52 week low of $36.58 and a 52 week high of $70.12.

In related news, CEO Randall J. Garutti sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 26th. The stock was sold at an average price of $42.23, for a total transaction of $1,055,750.00. Following the completion of the sale, the chief executive officer now directly owns 43,041 shares of the company’s stock, valued at approximately $1,817,621.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Randall J. Garutti sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $48.04, for a total value of $480,400.00. Following the sale, the chief executive officer now directly owns 28,041 shares of the company’s stock, valued at $1,347,089.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,646 shares of company stock valued at $8,710,268. Company insiders own 30.18% of the company’s stock.

Several hedge funds have recently modified their holdings of SHAK. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Shake Shack by 27.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,799 shares of the company’s stock worth $82,000 after acquiring an additional 390 shares during the period. LS Investment Advisors LLC boosted its position in Shake Shack by 155.3% during the 4th quarter. LS Investment Advisors LLC now owns 4,176 shares of the company’s stock worth $190,000 after purchasing an additional 2,540 shares during the period. Advisors Asset Management Inc. lifted its holdings in Shake Shack by 2,263.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 50,214 shares of the company’s stock worth $212,000 after buying an additional 48,089 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in Shake Shack by 17.5% during the fourth quarter. Xact Kapitalforvaltning AB now owns 4,700 shares of the company’s stock worth $213,000 after acquiring an additional 700 shares during the period. Finally, United Services Automobile Association acquired a new stake in Shake Shack during the third quarter worth about $235,000. 82.50% of the stock is owned by hedge funds and other institutional investors.

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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