Shake Shack (NYSE:SHAK) Raised to Moderate Buy at Royal Bank Of Canada

Shake Shack (NYSE:SHAK) was upgraded by research analysts at Royal Bank Of Canada to a “moderate buy” rating in a research note issued to investors on Tuesday, Zacks reports.

Other equities analysts have also recently issued reports about the stock. BNP Paribas Exane raised their price target on shares of Shake Shack from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Gordon Haskett cut their price objective on shares of Shake Shack from $90.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Jefferies Financial Group restated a “hold” rating and set a $66.00 target price on shares of Shake Shack in a report on Tuesday, June 2nd. UBS Group decreased their target price on shares of Shake Shack from $79.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Finally, DA Davidson lifted their price target on shares of Shake Shack from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Sixteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.71.

Shake Shack Stock Performance

Shares of Shake Shack stock opened at $67.41 on Tuesday. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 71.71, a price-to-earnings-growth ratio of 7.59 and a beta of 1.66. The stock’s 50-day moving average is $65.31 and its 200-day moving average is $74.61. Shake Shack has a one year low of $51.60 and a one year high of $107.46. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.67 and a quick ratio of 1.64.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.12. Shake Shack had a return on equity of 9.29% and a net margin of 2.56%.The business had revenue of $417.62 million during the quarter, compared to the consensus estimate of $417.18 million. During the same period last year, the company earned $0.44 earnings per share. Shake Shack’s quarterly revenue was up 17.2% on a year-over-year basis. Equities analysts predict that Shake Shack will post 1.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shake Shack

Several large investors have recently made changes to their positions in SHAK. Hilton Head Capital Partners LLC acquired a new position in Shake Shack during the fourth quarter worth $25,000. Geneos Wealth Management Inc. acquired a new stake in Shake Shack in the first quarter valued at $26,000. UMB Bank n.a. grew its position in shares of Shake Shack by 42.2% in 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. Advisory Services Network LLC acquired a new stake in shares of Shake Shack during the 3rd quarter worth about $38,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Shake Shack by 142.1% during the 4th quarter. Advisors Asset Management Inc. now owns 518 shares of the company’s stock worth $42,000 after buying an additional 304 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

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.