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

Shares of Shake Shack, Inc. (NYSE:SHAK) have been assigned a consensus recommendation of “Hold” from the twenty-seven brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $89.3913.

Several research analysts have issued reports on SHAK shares. Robert W. Baird decreased their price target on shares of Shake Shack from $76.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Gordon Haskett cut their price objective on Shake Shack from $90.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reduced their price objective on Shake Shack from $105.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. BNP Paribas Exane decreased their target price on Shake Shack from $100.00 to $77.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Finally, JPMorgan Chase & Co. decreased their target price on Shake Shack from $100.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, May 8th.

Insiders Place Their Bets

In related news, Director Josh Silverman acquired 8,290 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $60.38 per share, for a total transaction of $500,550.20. Following the acquisition, the director owned 8,290 shares in the company, valued at approximately $500,550.20. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sumaiya Balbale acquired 4,068 shares of Shake Shack stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $61.42 per share, with a total value of $249,856.56. Following the completion of the purchase, the director directly owned 13,407 shares of the company’s stock, valued at approximately $823,457.94. This represents a 43.56% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 50,616 shares of company stock worth $3,109,782 over the last three months. Company insiders own 8.32% of the company’s stock.

Institutional Investors Weigh In On Shake Shack

Large investors have recently made changes to their positions in the company. Glenview Trust co boosted its position in shares of Shake Shack by 1.5% in the second quarter. Glenview Trust co now owns 6,925 shares of the company’s stock worth $974,000 after buying an additional 100 shares during the period. UMB Bank n.a. raised 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 valued at $32,000 after buying an additional 116 shares during the period. Maryland State Retirement & Pension System raised its position in Shake Shack by 2.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 5,905 shares of the company’s stock valued at $479,000 after buying an additional 119 shares during the period. Farther Finance Advisors LLC lifted its stake in Shake Shack by 18.2% in the 4th quarter. Farther Finance Advisors LLC now owns 935 shares of the company’s stock worth $76,000 after acquiring an additional 144 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Shake Shack by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,186 shares of the company’s stock worth $746,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Stock Down 0.9%

NYSE SHAK opened at $55.92 on Thursday. Shake Shack has a 12 month low of $51.60 and a 12 month high of $142.20. The company has a market capitalization of $2.39 billion, a P/E ratio of 57.06, a PEG ratio of 4.36 and a beta of 1.63. The company’s 50 day simple moving average is $58.17 and its 200 day simple moving average is $80.32. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.66.

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.