Shake Shack (NYSE:SHAK) Earns Outperform Rating from Analysts at Wolfe Research

Analysts at Wolfe Research assumed coverage on shares of Shake Shack (NYSE:SHAK) in a research note issued to investors on Monday,Benzinga reports. The firm set an “outperform” rating and a $118.00 price target on the stock. Wolfe Research’s price objective would suggest a potential upside of 26.12% from the stock’s previous close.

SHAK has been the subject of a number of other reports. Robert W. Baird boosted their target price on Shake Shack from $104.00 to $108.00 and gave the company a “neutral” rating in a research report on Friday, February 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Shake Shack in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Tuesday, January 6th. Wells Fargo & Company upped their target price on Shake Shack from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, February 27th. Finally, Zacks Research cut Shake Shack from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Shake Shack has a consensus rating of “Hold” and a consensus target price of $116.64.

Shake Shack Trading Down 3.3%

NYSE:SHAK opened at $93.56 on Monday. Shake Shack has a 12 month low of $72.93 and a 12 month high of $144.65. The company has a current ratio of 1.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 85.83, a PEG ratio of 4.99 and a beta of 1.73. The firm has a fifty day simple moving average of $92.30 and a two-hundred day simple moving average of $92.27.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The firm had revenue of $400.53 million for the quarter, compared to analyst estimates of $402.06 million. Shake Shack had a net margin of 3.16% and a return on equity of 11.08%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 earnings per share. Analysts expect that Shake Shack will post 1.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Shake Shack

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. purchased a new position in shares of Shake Shack in the 1st quarter worth about $26,000. Hilton Head Capital Partners LLC bought a new stake in Shake Shack in the fourth quarter worth about $25,000. Global Retirement Partners LLC boosted its stake in Shake Shack by 83.7% in the third quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock valued at $31,000 after acquiring an additional 149 shares during the last quarter. Assetmark Inc. boosted its stake in Shake Shack by 457.6% in the fourth quarter. Assetmark Inc. now owns 368 shares of the company’s stock valued at $30,000 after acquiring an additional 302 shares during the last quarter. Finally, UMB Bank n.a. grew its position in shares of Shake Shack by 42.2% during the 4th quarter. UMB Bank n.a. now owns 391 shares of the company’s stock valued at $32,000 after acquiring an additional 116 shares during the period. 86.07% of the stock is owned by hedge funds and other institutional investors.

About Shake Shack

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.