Shake Shack Inc. (NYSE:SHAK) Given Average Rating of “Moderate Buy” by Analysts

Shake Shack Inc. (NYSE:SHAK) has been given an average recommendation of “Moderate Buy” by the eighteen brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $123.78.

SHAK has been the topic of several recent analyst reports. Stifel Nicolaus cut their target price on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research note on Friday. JPMorgan Chase & Co. restated an “underweight” rating and set a $102.00 price objective (down from $105.00) on shares of Shake Shack in a research report on Tuesday, September 24th. Oppenheimer upped their target price on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. UBS Group raised their price target on shares of Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Truist Financial dropped their price objective on shares of Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th.

Shake Shack Stock Performance

SHAK opened at $115.25 on Friday. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51. The firm has a market cap of $4.90 billion, a PE ratio of 677.94, a P/E/G ratio of 1.91 and a beta of 1.86. The business has a fifty day simple moving average of $128.97 and a 200-day simple moving average of $111.38. Shake Shack has a fifty-two week low of $66.06 and a fifty-two week high of $139.89.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $316.92 million for the quarter, compared to analysts’ expectations of $316.03 million. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. Shake Shack’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. As a group, equities analysts predict that Shake Shack will post 0.82 EPS for the current fiscal year.

Insider Activity

In other news, CFO Katherine Irene Fogertey sold 642 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the sale, the chief financial officer now owns 30,717 shares of the company’s stock, valued at approximately $4,223,894.67. This represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel Harris Meyer sold 30,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $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. Over the last ninety days, insiders have sold 53,333 shares of company stock worth $6,566,330. Company insiders own 9.73% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Shake Shack during the 3rd quarter worth about $41,000. Kimelman & Baird LLC acquired a new position in shares of Shake Shack during the second quarter worth approximately $45,000. Covestor Ltd grew its stake in shares of Shake Shack by 41.6% during the third quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after purchasing an additional 205 shares during the last quarter. Quest Partners LLC increased its holdings in shares of Shake Shack by 76.1% in the third quarter. Quest Partners LLC now owns 752 shares of the company’s stock valued at $78,000 after purchasing an additional 325 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Shake Shack by 56.3% in the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $96,000 after buying an additional 265 shares during the period. 86.07% of the stock is owned by institutional investors and hedge funds.

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.