Shake Shack, Inc. (NYSE:SHAK) Receives Consensus Rating of “Hold” from Analysts

Shake Shack, Inc. (NYSE:SHAK) has earned a consensus recommendation of “Hold” from the twenty-five research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight 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 issued a report on the stock in the last year is $116.5238.

SHAK has been the topic of a number of recent research reports. Zacks Research downgraded shares of Shake Shack from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Robert W. Baird dropped their price objective on shares of Shake Shack from $127.00 to $104.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. UBS Group cut their price objective on shares of Shake Shack from $140.00 to $104.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Mizuho upgraded shares of Shake Shack to a “hold” rating in a report on Tuesday, October 28th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Shake Shack in a research report on Tuesday, November 25th.

Insider Buying and Selling

In other news, insider Stephanie Ann Sentell sold 1,100 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $85.14, for a total transaction of $93,654.00. Following the transaction, the insider directly owned 9,907 shares of the company’s stock, valued at $843,481.98. This represents a 9.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders sold 1,500 shares of company stock worth $130,648. Company insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On Shake Shack

A number of institutional investors and hedge funds have recently modified their holdings of SHAK. Oppenheimer Asset Management Inc. purchased a new position in Shake Shack in the 2nd quarter valued at about $222,000. Nordea Investment Management AB increased its stake in Shake Shack by 36.6% during the 3rd quarter. Nordea Investment Management AB now owns 106,317 shares of the company’s stock worth $9,851,000 after buying an additional 28,487 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Shake Shack by 30.4% during the second quarter. Fisher Asset Management LLC now owns 514,770 shares of the company’s stock valued at $72,377,000 after acquiring an additional 120,030 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Shake Shack in the third quarter valued at approximately $8,416,000. Finally, Waratah Capital Advisors Ltd. acquired a new stake in shares of Shake Shack in the second quarter worth approximately $1,552,000. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Shake Shack Stock Up 0.7%

Shares of NYSE SHAK opened at $87.95 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46. Shake Shack has a 12 month low of $72.93 and a 12 month high of $144.65. The firm has a market capitalization of $3.75 billion, a PE ratio of 86.23, a price-to-earnings-growth ratio of 2.62 and a beta of 1.68. The firm has a fifty day simple moving average of $87.03 and a two-hundred day simple moving average of $97.91.

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, beating 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 period in the previous year, the firm posted $0.25 EPS. The business’s revenue was up 15.9% on a year-over-year basis. Equities analysts expect that Shake Shack will post 1.26 earnings per share for the current year.

About Shake Shack

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.