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

Shares of Shake Shack, Inc. (NYSE:SHAK) have been given an average recommendation of “Hold” by the twenty-six analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $116.6364.

Several equities research analysts have commented on SHAK shares. Barclays lowered their price objective on Shake Shack from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Wolfe Research assumed coverage on shares of Shake Shack in a report on Monday, March 9th. They set an “outperform” rating and a $118.00 target price for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Tuesday, January 6th. Raymond James Financial set a $140.00 price target on shares of Shake Shack in a report on Wednesday, January 21st. Finally, Robert W. Baird raised their price target on shares of Shake Shack from $104.00 to $108.00 and gave the company a “neutral” rating in a research report on Friday, February 27th.

Shake Shack Stock Performance

NYSE SHAK opened at $88.37 on Friday. The firm has a market capitalization of $3.77 billion, a P/E ratio of 81.07, a PEG ratio of 4.69 and a beta of 1.73. The stock has a 50-day simple moving average of $93.31 and a two-hundred day simple moving average of $91.56. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.76. Shake Shack has a fifty-two week low of $72.93 and a fifty-two week high of $144.65.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, February 26th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $400.53 million for the quarter, compared to the consensus estimate of $402.06 million. Shake Shack had a return on equity of 11.08% and a net margin of 3.16%.The company’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 earnings per share. On average, equities analysts forecast that Shake Shack will post 1.26 earnings per share for the current year.

Institutional Investors Weigh In On Shake Shack

A number of institutional investors have recently modified their holdings of SHAK. White Pine Capital LLC increased its stake in shares of Shake Shack by 2.0% in the 2nd quarter. White Pine Capital LLC now owns 4,981 shares of the company’s stock valued at $700,000 after purchasing an additional 100 shares in the last quarter. Glenview Trust co raised its holdings in Shake Shack by 1.5% in the 2nd quarter. Glenview Trust co now owns 6,925 shares of the company’s stock worth $974,000 after purchasing an additional 100 shares during the period. Smartleaf Asset Management LLC boosted its position in Shake Shack by 12.5% during the third quarter. Smartleaf Asset Management LLC now owns 964 shares of the company’s stock worth $91,000 after purchasing an additional 107 shares in the last quarter. UMB Bank n.a. boosted its position in Shake Shack by 42.2% during the fourth quarter. UMB Bank n.a. now owns 391 shares of the company’s stock worth $32,000 after purchasing an additional 116 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in Shake Shack by 2.1% in the fourth quarter. Maryland State Retirement & Pension System now owns 5,905 shares of the company’s stock valued at $479,000 after purchasing an additional 119 shares during the period. 86.07% of the stock is currently owned by institutional investors and hedge funds.

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.