Shake Shack, Inc. (NYSE:SHAK)‘s stock had its “buy” rating reaffirmed by research analysts at SunTrust Banks, Inc. in a report released on Thursday. They presently have a $48.00 target price on the stock. SunTrust Banks, Inc.’s price target points to a potential upside of 44.19% from the company’s current price.

SHAK has been the topic of several other research reports. Wedbush reaffirmed an “outperform” rating and issued a $40.00 price target (down previously from $43.00) on shares of Shake Shack in a report on Sunday, July 30th. Zacks Investment Research cut shares of Shake Shack from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Vetr raised shares of Shake Shack from a “buy” rating to a “strong-buy” rating and set a $42.33 price target on the stock in a report on Tuesday, June 20th. BidaskClub cut shares of Shake Shack from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Finally, TheStreet raised shares of Shake Shack from a “d” rating to a “c-” rating in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Shake Shack presently has an average rating of “Hold” and an average price target of $37.19.

Shares of Shake Shack (NYSE SHAK) traded down 0.24% during trading on Thursday, hitting $33.29. The stock had a trading volume of 293,264 shares. The company has a market cap of $864.91 million, a PE ratio of 58.00 and a beta of 1.33. Shake Shack has a 1-year low of $30.12 and a 1-year high of $39.70. The firm’s 50 day moving average is $32.63 and its 200 day moving average is $32.63.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. The firm had revenue of $91.30 million for the quarter, compared to analysts’ expectations of $89.00 million. Shake Shack had a net margin of 4.70% and a return on equity of 8.71%. The business’s quarterly revenue was up 37.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Equities research analysts anticipate that Shake Shack will post $0.51 EPS for the current fiscal year.

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In other news, CEO Randall J. Garutti sold 8,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $31.12, for a total transaction of $248,960.00. Following the transaction, the chief executive officer now directly owns 18,961 shares of the company’s stock, valued at $590,066.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Randall J. Garutti sold 16,000 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $34.82, for a total value of $557,120.00. Following the transaction, the chief executive officer now directly owns 26,961 shares in the company, valued at $938,782.02. The disclosure for this sale can be found here. Insiders have sold 150,452 shares of company stock worth $4,779,481 over the last ninety days. Insiders own 34.91% of the company’s stock.

Several large investors have recently made changes to their positions in SHAK. FNY Partners Fund LP bought a new position in shares of Shake Shack during the first quarter valued at about $100,000. BNP Paribas Arbitrage SA grew its stake in shares of Shake Shack by 206.3% during the first quarter. BNP Paribas Arbitrage SA now owns 3,666 shares of the company’s stock valued at $122,000 after buying an additional 2,469 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Shake Shack by 109.7% during the first quarter. Victory Capital Management Inc. now owns 3,715 shares of the company’s stock valued at $124,000 after buying an additional 1,943 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Shake Shack by 85.2% during the second quarter. State of Alaska Department of Revenue now owns 3,630 shares of the company’s stock valued at $126,000 after buying an additional 1,670 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of Shake Shack during the first quarter valued at about $137,000. 82.30% of the stock is currently owned by hedge funds and other institutional investors.

Shake Shack Company Profile

Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.

Analyst Recommendations for Shake Shack (NYSE:SHAK)

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