Shake Shack (NYSE:SHAK) Hits New 12-Month High – Should You Buy?

Shares of Shake Shack Inc. (NYSE:SHAK) hit a new 52-week high on Wednesday . The stock traded as high as $132.17 and last traded at $132.12, with a volume of 13217 shares. The stock had previously closed at $126.80.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wedbush reissued a “neutral” rating and set a $90.00 price objective on shares of Shake Shack in a research report on Thursday, August 1st. Morgan Stanley lowered their price target on shares of Shake Shack from $108.00 to $100.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $115.00 price objective on shares of Shake Shack in a report on Wednesday, August 28th. TD Cowen reiterated a “buy” rating and set a $125.00 target price on shares of Shake Shack in a report on Wednesday, September 18th. Finally, Capital One Financial began coverage on Shake Shack in a research note on Monday, July 29th. They issued an “overweight” rating and a $95.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $110.00.

Shake Shack Price Performance

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’s fifty day moving average price is $108.05 and its two-hundred day moving average price is $99.77. The stock has a market capitalization of $5.58 billion, a PE ratio of 775.35, a PEG ratio of 3.05 and a beta of 1.81.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The firm had revenue of $316.92 million for the quarter, compared to analysts’ expectations of $316.03 million. During the same period in the prior year, the firm earned $0.17 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. On average, equities analysts predict that Shake Shack Inc. will post 0.81 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Daniel Harris Meyer sold 10,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $110.24, for a total value of $1,102,400.00. Following the completion of the sale, the director now directly owns 470,437 shares in the company, valued at $51,860,974.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Shake Shack news, Director Daniel Harris Meyer sold 10,000 shares of the firm’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 in the company, valued at approximately $51,860,974.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Katherine Irene Fogertey sold 321 shares of the stock in a transaction on 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 sale, the chief financial officer now directly owns 36,180 shares of the company’s stock, valued at approximately $3,760,187.40. 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 quarter, insiders have sold 73,433 shares of company stock valued at $8,757,256. 9.73% of the stock is owned by insiders.

Hedge Funds Weigh In On Shake Shack

A number of hedge funds have recently made changes to their positions in SHAK. Xponance Inc. lifted its holdings in Shake Shack by 4.5% in the 2nd quarter. Xponance Inc. now owns 2,395 shares of the company’s stock worth $216,000 after purchasing an additional 103 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Shake Shack by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock valued at $3,241,000 after acquiring an additional 139 shares in the last quarter. Brighton Jones LLC increased its holdings in Shake Shack by 1.1% in the 2nd quarter. Brighton Jones LLC now owns 17,909 shares of the company’s stock valued at $1,612,000 after acquiring an additional 187 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Shake Shack by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 10,500 shares of the company’s stock valued at $945,000 after purchasing an additional 196 shares during the last quarter. Finally, Covestor Ltd grew its position 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 in the last quarter. Institutional investors own 86.07% of the company’s stock.

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.