Shake Shack, Inc. (NYSE:SHAK – Get Free Report) has earned an average recommendation of “Hold” from the twenty-two research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $115.40.
SHAK has been the subject of several recent research reports. Wells Fargo & Company increased their target price on shares of Shake Shack from $95.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, May 30th. Robert W. Baird increased their target price on shares of Shake Shack from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Truist Financial increased their target price on shares of Shake Shack from $134.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Raymond James Financial reiterated a “strong-buy” rating and set a $140.00 target price (down previously from $145.00) on shares of Shake Shack in a research note on Friday, May 2nd. Finally, Oppenheimer decreased their target price on shares of Shake Shack from $155.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th.
View Our Latest Stock Analysis on Shake Shack
Insider Activity at Shake Shack
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its holdings in Shake Shack by 939.3% in the first quarter. Farther Finance Advisors LLC now owns 291 shares of the company’s stock valued at $26,000 after buying an additional 263 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in Shake Shack in the first quarter valued at about $26,000. Nemes Rush Group LLC purchased a new position in Shake Shack in the fourth quarter valued at about $29,000. Harvest Fund Management Co. Ltd purchased a new position in Shake Shack in the fourth quarter valued at about $32,000. Finally, Garde Capital Inc. purchased a new position in Shake Shack in the first quarter valued at about $35,000. 86.07% of the stock is owned by hedge funds and other institutional investors.
Shake Shack Stock Performance
Shares of SHAK stock opened at $132.95 on Wednesday. The stock’s 50-day moving average is $110.12 and its two-hundred day moving average is $110.81. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 474.81, a PEG ratio of 3.05 and a beta of 1.77. Shake Shack has a 1 year low of $72.93 and a 1 year high of $139.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.88 and a current ratio of 1.91.
Shake Shack (NYSE:SHAK – Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $320.90 million for the quarter, compared to analysts’ expectations of $330.24 million. Shake Shack had a return on equity of 8.45% and a net margin of 0.97%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. Analysts predict that Shake Shack will post 1.26 earnings per share for the current year.
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.
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