Shake Shack (NYSE:SHAK) Stock Rating Lowered by TD Cowen

Shake Shack (NYSE:SHAK) was downgraded by equities research analysts at TD Cowen from a “buy” rating to a “hold” rating in a research note issued on Monday, Marketbeat reports. They currently have a $105.00 price target on the stock. TD Cowen’s target price would indicate a potential downside of 10.31% from the company’s current price.

Several other brokerages have also recently weighed in on SHAK. UBS Group reduced their price objective on Shake Shack from $140.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. TD Securities restated a “hold” rating and issued a $105.00 price target on shares of Shake Shack in a research report on Monday. Barclays cut their price objective on shares of Shake Shack from $155.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Stifel Nicolaus lowered their target price on shares of Shake Shack from $120.00 to $97.00 and set a “hold” rating for the company in a report on Tuesday, April 15th. Finally, Oppenheimer cut their price target on shares of Shake Shack from $155.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $113.40.

Shake Shack Trading Down 0.2%

Shares of SHAK opened at $117.07 on Monday. The stock has a market capitalization of $5.00 billion, a PE ratio of 509.00 and a beta of 1.61. The company’s fifty day moving average is $92.49 and its 200 day moving average is $111.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. Shake Shack has a fifty-two week low of $72.93 and a fifty-two week high of $139.89.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The business had revenue of $320.90 million during the quarter, compared to analysts’ expectations of $330.24 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 earnings per share. Sell-side analysts expect that Shake Shack will post 1.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shake Shack

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Summit Financial LLC increased its stake in shares of Shake Shack by 0.7% during the first quarter. Summit Financial LLC now owns 13,180 shares of the company’s stock valued at $1,162,000 after buying an additional 97 shares during the period. Louisiana State Employees Retirement System grew its holdings in Shake Shack by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company’s stock worth $2,518,000 after acquiring an additional 100 shares in the last quarter. Quadrant Capital Group LLC increased its position in Shake Shack by 5.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company’s stock valued at $243,000 after purchasing an additional 100 shares during the period. Redwood Investments LLC lifted its position in shares of Shake Shack by 0.5% in the 1st quarter. Redwood Investments LLC now owns 23,231 shares of the company’s stock worth $2,048,000 after purchasing an additional 110 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Shake Shack by 1.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,367 shares of the company’s stock valued at $914,000 after purchasing an additional 133 shares in the last quarter. 86.07% of the stock is owned by institutional investors.

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.