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

Shake Shack Inc. (NYSE:SHAK) has been assigned an average recommendation of “Hold” from the seventeen analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $88.67.

A number of equities research analysts have issued reports on the stock. StockNews.com cut shares of Shake Shack from a “hold” rating to a “sell” rating in a report on Monday, March 4th. Robert W. Baird raised their target price on Shake Shack from $67.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 13th. UBS Group lifted their target price on Shake Shack from $80.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Raymond James increased their price target on shares of Shake Shack from $90.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. Finally, Oppenheimer boosted their price objective on shares of Shake Shack from $108.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd.

Insider Transactions at Shake Shack

In other news, Director Daniel Harris Meyer sold 30,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $95.25, for a total value of $2,857,500.00. Following the transaction, the director now owns 550,437 shares of the company’s stock, valued at $52,429,124.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Shake Shack news, Director Jeffrey Flug sold 304 shares of Shake Shack stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total value of $31,315.04. Following the sale, the director now owns 3,754 shares of the company’s stock, valued at approximately $386,699.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel Harris Meyer sold 30,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $95.25, for a total value of $2,857,500.00. Following the transaction, the director now owns 550,437 shares of the company’s stock, valued at $52,429,124.25. The disclosure for this sale can be found here. Insiders have sold 100,912 shares of company stock worth $10,201,834 in the last 90 days. 10.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Shake Shack

Institutional investors and hedge funds have recently modified their holdings of the stock. 12 West Capital Management LP boosted its stake in shares of Shake Shack by 82.2% during the 3rd quarter. 12 West Capital Management LP now owns 1,659,600 shares of the company’s stock worth $96,373,000 after purchasing an additional 748,789 shares during the period. Van Berkom & Associates Inc. grew its stake in shares of Shake Shack by 19.3% during the third quarter. Van Berkom & Associates Inc. now owns 1,046,339 shares of the company’s stock valued at $60,761,000 after buying an additional 168,947 shares during the last quarter. Linonia Partnership LP bought a new position in shares of Shake Shack during the fourth quarter valued at approximately $41,046,000. Qube Research & Technologies Ltd raised its holdings in shares of Shake Shack by 130.0% in the third quarter. Qube Research & Technologies Ltd now owns 436,888 shares of the company’s stock worth $25,370,000 after buying an additional 246,952 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Shake Shack by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,641 shares of the company’s stock worth $22,951,000 after acquiring an additional 12,362 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Up 4.8 %

Shares of NYSE:SHAK opened at $99.97 on Friday. The business’s 50-day moving average is $100.48 and its 200-day moving average is $77.72. Shake Shack has a 1 year low of $52.64 and a 1 year high of $110.90. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 217.33, a P/E/G ratio of 3.55 and a beta of 1.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 2.01.

Shake Shack (NYSE:SHAK) last posted its earnings results on Thursday, February 15th. The company reported $0.02 EPS for the quarter. Shake Shack had a net margin of 1.82% and a return on equity of 3.67%. The company had revenue of $286.20 million during the quarter, compared to the consensus estimate of $280.45 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. Equities research analysts predict that Shake Shack will post 0.71 earnings per share for the current year.

About Shake Shack

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.