Shake Shack Inc. (NYSE:SHAK) Receives Consensus Recommendation of “Hold” from Brokerages

Shake Shack Inc. (NYSE:SHAK) has been assigned an average recommendation of “Hold” from the sixteen research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $115.56.

A number of research analysts have weighed in on SHAK shares. Truist Financial increased their price target on Shake Shack from $144.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Barclays increased their target price on Shake Shack from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. TD Cowen restated a “buy” rating and issued a $125.00 price target on shares of Shake Shack in a report on Wednesday, September 18th. Oppenheimer upped their price objective on shares of Shake Shack from $122.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $102.00 target price (down from $105.00) on shares of Shake Shack in a research report on Tuesday, September 24th.

Shake Shack Trading Up 0.1 %

Shares of SHAK stock opened at $132.55 on Wednesday. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 779.71, a PEG ratio of 2.83 and a beta of 1.85. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $126.71 and a 200 day moving average price of $107.47. Shake Shack has a twelve month low of $64.16 and a twelve month high of $139.89.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The business had revenue of $316.92 million during the quarter, compared to analyst estimates of $316.03 million. During the same quarter in the previous year, the business posted $0.17 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. Research analysts forecast that Shake Shack will post 0.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Katherine Irene Fogertey sold 321 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $103.93, for a total transaction of $33,361.53. Following the transaction, the chief financial officer now directly owns 36,180 shares of the company’s stock, valued at approximately $3,760,187.40. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel Harris Meyer sold 30,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $121.79, for a total transaction of $3,653,700.00. Following the completion of the transaction, the director now owns 407,646 shares of the company’s stock, valued at $49,647,206.34. This trade represents a 6.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,654 shares of company stock worth $7,700,492 over the last quarter. 9.73% of the stock is owned by corporate insiders.

Institutional Trading of Shake Shack

A number of hedge funds and other institutional investors have recently modified their holdings of SHAK. Quest Partners LLC acquired a new stake in Shake Shack during the 2nd quarter valued at approximately $38,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Shake Shack during the third quarter worth approximately $41,000. Kimelman & Baird LLC bought a new stake in shares of Shake Shack in the second quarter worth $45,000. Covestor Ltd raised its holdings in Shake Shack by 41.6% in the third quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after acquiring an additional 205 shares in the last quarter. Finally, KBC Group NV boosted its stake in Shake Shack by 24.1% during the 3rd quarter. KBC Group NV now owns 1,206 shares of the company’s stock valued at $124,000 after acquiring an additional 234 shares during the last quarter. 86.07% 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, 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.