Shake Shack, Inc. (NYSE:SHAK) Given Consensus Rating of “Hold” by Brokerages

Shake Shack, Inc. (NYSE:SHAK) has earned a consensus recommendation of “Hold” from the twenty-four brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $119.0952.

Several equities analysts recently weighed in on SHAK shares. Truist Financial reduced their price target on shares of Shake Shack from $162.00 to $156.00 and set a “buy” rating for the company in a research report on Monday, September 29th. Piper Sandler dropped their target price on shares of Shake Shack from $126.00 to $102.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. UBS Group decreased their price target on shares of Shake Shack from $140.00 to $104.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. Barclays dropped their price objective on Shake Shack from $160.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Finally, Morgan Stanley set a $115.00 target price on Shake Shack in a research report on Tuesday, October 21st.

Insiders Place Their Bets

In related news, insider Stephanie Ann Sentell sold 1,100 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $85.14, for a total value of $93,654.00. Following the sale, the insider directly owned 9,907 shares in the company, valued at approximately $843,481.98. The trade was a 9.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.50% of the company’s stock.

Institutional Trading of Shake Shack

Institutional investors have recently modified their holdings of the business. AQR Capital Management LLC boosted its holdings in Shake Shack by 29.3% in the 1st quarter. AQR Capital Management LLC now owns 67,850 shares of the company’s stock worth $5,982,000 after buying an additional 15,361 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Shake Shack by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,627 shares of the company’s stock worth $1,995,000 after acquiring an additional 976 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Shake Shack by 4,210.3% in the first quarter. Jones Financial Companies Lllp now owns 2,500 shares of the company’s stock worth $220,000 after acquiring an additional 2,442 shares during the period. Redwood Investments LLC boosted its holdings in shares of Shake Shack by 0.5% in the first quarter. Redwood Investments LLC now owns 23,231 shares of the company’s stock worth $2,048,000 after acquiring an additional 110 shares during the period. Finally, Fred Alger Management LLC grew its position in shares of Shake Shack by 7.0% in the first quarter. Fred Alger Management LLC now owns 123,544 shares of the company’s stock valued at $10,893,000 after purchasing an additional 8,046 shares in the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Shake Shack Stock Performance

SHAK stock opened at $83.40 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.84 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.56 billion, a PE ratio of 81.77, a P/E/G ratio of 1.79 and a beta of 1.68. The business has a 50 day moving average of $86.28 and a 200-day moving average of $103.43. Shake Shack has a 12-month low of $72.93 and a 12-month high of $144.65.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.05. Shake Shack had a return on equity of 10.43% and a net margin of 3.10%.The business had revenue of $367.41 million for the quarter, compared to analysts’ expectations of $363.69 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. As a group, sell-side analysts expect that Shake Shack will post 1.26 earnings per share for the current year.

Shake Shack Company Profile

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.