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

Shares of Shake Shack Inc. (NYSE:SHAK) have been given a consensus rating of “Moderate Buy” by the eighteen analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $123.78.

A number of analysts have recently weighed in on the stock. Wedbush restated a “neutral” rating and issued a $130.00 price target on shares of Shake Shack in a report on Wednesday, January 15th. Stifel Nicolaus cut their price target on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a report on Friday, January 17th. UBS Group upped their price target on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Truist Financial lowered their price objective on Shake Shack from $149.00 to $143.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $125.00 to $159.00 in a research report on Tuesday, January 7th.

Shake Shack Stock Up 0.3 %

Shake Shack stock opened at $121.53 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 $5.16 billion, a P/E ratio of 714.85, a P/E/G ratio of 1.65 and a beta of 1.86. The business has a fifty day moving average of $128.28 and a two-hundred day moving average of $112.13. Shake Shack has a twelve month low of $70.68 and a twelve month high of $139.89.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data 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. 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 analysts’ expectations of $316.03 million. During the same period in the prior year, the business posted $0.17 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. On average, analysts forecast that Shake Shack will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Shake Shack

In other news, Director Daniel Harris Meyer sold 30,000 shares of the firm’s stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Katherine Irene Fogertey sold 642 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,333 shares of company stock worth $6,566,330. Insiders own 9.73% of the company’s stock.

Hedge Funds Weigh In On Shake Shack

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp grew its holdings in Shake Shack by 3.5% in the third quarter. State Street Corp now owns 1,452,736 shares of the company’s stock valued at $149,937,000 after purchasing an additional 49,324 shares during the period. Holocene Advisors LP increased its holdings in Shake Shack by 68.3% in the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock worth $97,673,000 after acquiring an additional 384,131 shares in the last quarter. Geode Capital Management LLC raised its position in Shake Shack by 3.1% during the third quarter. Geode Capital Management LLC now owns 876,380 shares of the company’s stock worth $90,470,000 after acquiring an additional 26,620 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Shake Shack by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 801,003 shares of the company’s stock valued at $72,088,000 after purchasing an additional 66,090 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in shares of Shake Shack by 154.8% in the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock valued at $67,157,000 after purchasing an additional 395,311 shares during the period. Hedge funds and other institutional investors own 86.07% of the company’s stock.

About Shake Shack

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.