Shake Shack Inc. (NYSE:SHAK) Receives $110.00 Average PT from Brokerages

Shares of Shake Shack Inc. (NYSE:SHAK) have been given a consensus recommendation of “Hold” by the eighteen research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $110.00.

SHAK has been the topic of a number of recent analyst reports. Oppenheimer lifted their price target on Shake Shack from $122.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $115.00 target price on shares of Shake Shack in a research note on Wednesday, August 28th. Truist Financial increased their price target on shares of Shake Shack from $127.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $102.00 price objective (down previously from $105.00) on shares of Shake Shack in a research report on Tuesday, September 24th. Finally, Robert W. Baird increased their target price on shares of Shake Shack from $93.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd.

Insider Transactions at Shake Shack

In related news, Director Daniel Harris Meyer sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the sale, the director now owns 470,437 shares of the company’s stock, valued at approximately $51,860,974.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Katherine Irene Fogertey sold 321 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $103.93, for a total transaction of $33,361.53. Following the completion of the transaction, the chief financial officer now owns 36,180 shares of the company’s stock, valued at approximately $3,760,187.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Harris Meyer sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the completion of the transaction, the director now owns 470,437 shares in the company, valued at approximately $51,860,974.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,433 shares of company stock valued at $8,757,256. 9.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shake Shack

A number of hedge funds and other institutional investors have recently bought and sold shares of SHAK. Hsbc Holdings PLC lifted its holdings in shares of Shake Shack by 303.3% during the 2nd quarter. Hsbc Holdings PLC now owns 16,604 shares of the company’s stock worth $1,460,000 after acquiring an additional 12,487 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Shake Shack during the 1st quarter valued at about $653,000. Janney Montgomery Scott LLC purchased a new position in shares of Shake Shack during the 1st quarter valued at about $853,000. Jennison Associates LLC bought a new stake in Shake Shack in the 1st quarter worth approximately $16,365,000. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Shake Shack by 20.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 37,535 shares of the company’s stock worth $3,903,000 after buying an additional 6,411 shares in the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Performance

Shares of SHAK stock opened at $131.33 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. The firm has a 50-day moving average of $108.69 and a 200-day moving average of $100.02. Shake Shack has a one year low of $54.06 and a one year high of $134.90. The company has a market cap of $5.58 billion, a P/E ratio of 772.53, a P/E/G ratio of 3.05 and a beta of 1.81.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The firm had revenue of $316.92 million during the quarter, compared to analyst estimates of $316.03 million. During the same quarter last year, the business posted $0.17 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities research analysts forecast that Shake Shack will post 0.81 EPS for the current fiscal year.

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.