Shake Shack, Inc. (NYSE:SHAK) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give Shake Shack a “Moderate Buy” consensus: 16 of 28 analysts rate the stock a buy, while 12 recommend holding it. The average 12-month price target is $89.71, above the recent $61.76 share price.
• Recent analyst actions were mixed, with several firms lowering price targets while BNP Paribas Exane raised its target to $81 and maintained an outperform rating.
• Institutional investors own 86.07% of Shake Shack’s stock. In its latest quarter, the company reported EPS of $0.43 versus the $0.31 estimate, while revenue rose 17.2% year over year to $417.62 million.

Shake Shack, Inc. (NYSE:SHAK - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty-eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $89.7083.

A number of research analysts recently issued reports on SHAK shares. Deutsche Bank Aktiengesellschaft dropped their price target on Shake Shack from $105.00 to $93.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. BTIG Research reissued a "neutral" rating on shares of Shake Shack in a report on Wednesday, May 20th. Piper Sandler cut their target price on shares of Shake Shack from $79.00 to $66.00 and set a "neutral" rating on the stock in a report on Tuesday, July 14th. BNP Paribas Exane upped their price target on shares of Shake Shack from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Finally, Raymond James Financial cut shares of Shake Shack from a "strong-buy" rating to an "outperform" rating and decreased their price target for the stock from $125.00 to $85.00 in a research note on Wednesday, June 3rd.

Institutional Investors Weigh In On Shake Shack

Several hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Shake Shack by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,627 shares of the company's stock valued at $1,995,000 after acquiring an additional 976 shares during the period. Jones Financial Companies Lllp lifted its position in Shake Shack by 4,210.3% during the 1st 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. United Services Automobile Association purchased a new position in shares of Shake Shack in the 1st quarter valued at approximately $219,000. Geneos Wealth Management Inc. purchased a new position in shares of Shake Shack in the 1st quarter valued at approximately $26,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Shake Shack by 159.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 748 shares of the company's stock valued at $105,000 after purchasing an additional 460 shares during the period. Institutional investors and hedge funds own 86.07% of the company's stock.

Shake Shack Price Performance

Shares of SHAK opened at $61.76 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.67 and a quick ratio of 1.64. Shake Shack has a 1-year low of $51.60 and a 1-year high of $107.46. The stock has a market cap of $2.64 billion, a PE ratio of 65.70, a price-to-earnings-growth ratio of 6.89 and a beta of 1.66. The firm has a fifty day moving average price of $65.54 and a 200 day moving average price of $74.18.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.12. Shake Shack had a return on equity of 9.29% and a net margin of 2.56%.The company had revenue of $417.62 million for the quarter, compared to analyst estimates of $417.18 million. During the same quarter last year, the company posted $0.44 earnings per share. The business's quarterly revenue was up 17.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Shake Shack will post 1.13 EPS 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.

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