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

Shake Shack Inc. (NYSE:SHAK) has been assigned an average rating of “Hold” from the seventeen research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $112.94.

Several equities research analysts have recently issued reports on SHAK shares. TD Cowen reiterated a “buy” rating and set a $125.00 price target on shares of Shake Shack in a report on Wednesday, September 18th. Piper Sandler lowered Shake Shack from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $121.00 to $114.00 in a report on Monday, August 19th. Bank of America boosted their target price on Shake Shack from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $115.00 target price on shares of Shake Shack in a report on Wednesday, August 28th. Finally, Truist Financial boosted their target price on Shake Shack from $127.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, November 1st.

Shake Shack Trading Up 0.7 %

NYSE:SHAK opened at $133.27 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. Shake Shack has a 1-year low of $60.84 and a 1-year high of $135.76. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 783.94, a price-to-earnings-growth ratio of 3.03 and a beta of 1.85. The stock has a fifty day simple moving average of $118.16 and a 200 day simple moving average of $103.03.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $316.03 million. During the same period last year, the company posted $0.17 EPS. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. Sell-side analysts forecast that Shake Shack will post 0.82 earnings per share for the current year.

Insiders Place Their Bets

In other Shake Shack news, Director Daniel Harris Meyer sold 10,000 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $110.08, for a total value of $1,100,800.00. Following the transaction, the director now owns 460,337 shares of the company’s stock, valued at approximately $50,673,896.96. The trade was a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Katherine Irene Fogertey sold 321 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $103.93, for a total value of $33,361.53. Following the completion of the transaction, the chief financial officer now directly owns 36,180 shares in the company, valued at approximately $3,760,187.40. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,112 shares of company stock valued at $7,623,215. 9.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shake Shack

Large investors have recently made changes to their positions in the company. Hsbc Holdings PLC lifted its stake in shares of Shake Shack by 303.3% during the second quarter. Hsbc Holdings PLC now owns 16,604 shares of the company’s stock valued at $1,460,000 after acquiring an additional 12,487 shares during the period. Virtu Financial LLC bought a new stake in Shake Shack in the first quarter valued at about $653,000. Fisher Asset Management LLC increased its holdings in Shake Shack by 4.8% in the third quarter. Fisher Asset Management LLC now owns 354,114 shares of the company’s stock valued at $36,548,000 after purchasing an additional 16,097 shares during the last quarter. GDS Wealth Management bought a new stake in Shake Shack in the third quarter valued at about $417,000. Finally, Qsemble Capital Management LP bought a new stake in Shake Shack in the second quarter valued at about $661,000. Institutional investors and hedge funds 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.