Shake Shack (NYSE:SHAK) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Shake Shack (NYSE:SHAK – Get Rating) in a report issued on Thursday morning. The firm issued a hold rating on the stock.

SHAK has been the subject of a number of other research reports. Wedbush increased their price target on shares of Shake Shack from $55.00 to $56.00 and gave the company a neutral rating in a research note on Friday, February 17th. Barclays increased their price target on shares of Shake Shack from $42.00 to $51.00 and gave the company an equal weight rating in a research note on Thursday, January 26th. Morgan Stanley lowered shares of Shake Shack from an equal weight rating to an underweight rating and dropped their price objective for the company from $50.00 to $47.00 in a research report on Tuesday, January 17th. Credit Suisse Group increased their price objective on shares of Shake Shack from $60.00 to $63.00 and gave the company a neutral rating in a research report on Friday, February 17th. Finally, Cowen increased their price objective on shares of Shake Shack from $53.00 to $58.00 and gave the company a market perform rating in a research report on Friday, February 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus price target of $58.33.

Shake Shack Stock Performance

Shares of SHAK stock opened at $54.91 on Thursday. The stock has a market cap of $2.32 billion, a P/E ratio of -90.01 and a beta of 1.67. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.33 and a quick ratio of 2.30. The company has a fifty day moving average price of $56.22 and a two-hundred day moving average price of $50.99. Shake Shack has a one year low of $37.72 and a one year high of $71.86.

Shake Shack (NYSE:SHAK – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.05. The firm had revenue of $238.53 million during the quarter, compared to analysts’ expectations of $238.54 million. Shake Shack had a negative net margin of 2.68% and a negative return on equity of 3.04%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.11) earnings per share. As a group, equities analysts predict that Shake Shack will post -0.02 EPS for the current year.

Insider Buying and Selling

In related news, COO Zach Koff sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the chief operating officer now directly owns 31,085 shares of the company’s stock, valued at $1,865,100. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, COO Zach Koff sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the chief operating officer now directly owns 31,085 shares of the company’s stock, valued at $1,865,100. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey Flug sold 1,864 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $60.07, for a total transaction of $111,970.48. Following the transaction, the director now directly owns 6,983 shares in the company, valued at $419,468.81. The disclosure for this sale can be found here. 9.98% of the stock is owned by insiders.

Hedge Funds Weigh In On Shake Shack

Several hedge funds have recently bought and sold shares of the company. Pariax LLC increased its holdings in Shake Shack by 3.6% in the 3rd quarter. Pariax LLC now owns 5,700 shares of the company’s stock valued at $256,000 after buying an additional 200 shares during the period. CWM LLC increased its holdings in Shake Shack by 24.6% in the 3rd quarter. CWM LLC now owns 1,012 shares of the company’s stock valued at $46,000 after buying an additional 200 shares during the period. Nisa Investment Advisors LLC increased its holdings in Shake Shack by 7.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,775 shares of the company’s stock valued at $115,000 after buying an additional 200 shares during the period. Amalgamated Bank increased its holdings in Shake Shack by 1.2% in the 4th quarter. Amalgamated Bank now owns 18,340 shares of the company’s stock valued at $762,000 after buying an additional 213 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Shake Shack by 5.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,660 shares of the company’s stock valued at $210,000 after buying an additional 261 shares during the period. 83.55% of the stock is owned by institutional investors.

About Shake Shack

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Shake Shack, Inc engages in the operation and licensing of Shake Shack restaurants which serve burgers, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and more. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.