Shake Shack (NYSE:SHAK) Rating Lowered to “Neutral” at BTIG Research

BTIG Research downgraded shares of Shake Shack (NYSE:SHAKFree Report) from a buy rating to a neutral rating in a report released on Monday morning, MarketBeat Ratings reports.

A number of other equities research analysts have also recently weighed in on the company. Barclays dropped their price target on Shake Shack from $155.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their target price on Shake Shack from $105.00 to $100.00 and set an “underweight” rating on the stock in a report on Monday, May 5th. Raymond James restated a “strong-buy” rating and set a $140.00 target price (down previously from $145.00) on shares of Shake Shack in a report on Friday, May 2nd. Truist Financial increased their target price on Shake Shack from $134.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Finally, Robert W. Baird increased their target price on Shake Shack from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $114.40.

Get Our Latest Stock Analysis on Shake Shack

Shake Shack Trading Down 1.3%

SHAK stock opened at $128.07 on Monday. Shake Shack has a 1-year low of $72.93 and a 1-year high of $139.89. The firm has a market cap of $5.46 billion, a P/E ratio of 556.81 and a beta of 1.61. The business’s 50 day moving average is $98.26 and its 200-day moving average is $110.57. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50.

Shake Shack (NYSE:SHAKGet Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The company had revenue of $320.90 million during the quarter, compared to the consensus estimate of $330.24 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities analysts anticipate that Shake Shack will post 1.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Driehaus Capital Management LLC acquired a new position in shares of Shake Shack in the 4th quarter valued at $66,349,000. Nuveen LLC acquired a new position in shares of Shake Shack in the 1st quarter valued at $42,802,000. Ameriprise Financial Inc. lifted its stake in shares of Shake Shack by 144.3% in the 1st quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company’s stock valued at $69,805,000 after purchasing an additional 467,748 shares during the period. Invesco Ltd. lifted its stake in shares of Shake Shack by 30.7% in the 4th quarter. Invesco Ltd. now owns 1,245,093 shares of the company’s stock valued at $161,613,000 after purchasing an additional 292,348 shares during the period. Finally, Cookson Peirce & Co. Inc. acquired a new position in shares of Shake Shack in the 4th quarter valued at $26,756,000. 86.07% of the stock is currently owned by institutional investors.

Shake Shack Company Profile

(Get Free Report)

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.

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