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Shake Shack (NYSE:SHAK) Stock Price Down 4.1%

Shake Shack logo with Retail/Wholesale background

Shake Shack Inc. (NYSE:SHAK - Get Free Report)'s share price traded down 4.1% on Tuesday . The company traded as low as $89.66 and last traded at $89.75. 235,962 shares were traded during mid-day trading, a decline of 74% from the average session volume of 893,377 shares. The stock had previously closed at $93.54.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley upped their target price on shares of Shake Shack from $88.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Friday, April 12th. Barclays upped their target price on shares of Shake Shack from $92.00 to $108.00 and gave the stock an "equal weight" rating in a research note on Friday, May 3rd. StockNews.com downgraded shares of Shake Shack from a "hold" rating to a "sell" rating in a research note on Monday, March 4th. Robert W. Baird upped their target price on shares of Shake Shack from $102.00 to $105.00 and gave the stock a "neutral" rating in a research note on Friday, May 3rd. Finally, Oppenheimer upped their target price on shares of Shake Shack from $108.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $99.17.


View Our Latest Stock Report on Shake Shack

Shake Shack Trading Down 2.9 %

The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 165.18, a P/E/G ratio of 3.52 and a beta of 1.79. The company has a quick ratio of 1.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.52. The company's 50 day simple moving average is $98.16 and its two-hundred day simple moving average is $89.47.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $290.50 million during the quarter, compared to the consensus estimate of $291.00 million. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. Shake Shack's revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) earnings per share. As a group, research analysts anticipate that Shake Shack Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Shake Shack

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the firm's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $103.01, for a total value of $31,315.04. Following the completion of the transaction, the director now owns 3,754 shares of the company's stock, valued at $386,699.54. The transaction was disclosed in a filing with the SEC, which is available at this link. 9.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. QRG Capital Management Inc. raised its holdings in shares of Shake Shack by 4.5% in the fourth quarter. QRG Capital Management Inc. now owns 3,711 shares of the company's stock worth $275,000 after buying an additional 161 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Shake Shack during the first quarter worth $25,000. Natixis Advisors L.P. raised its holdings in shares of Shake Shack by 3.8% during the third quarter. Natixis Advisors L.P. now owns 10,695 shares of the company's stock worth $621,000 after purchasing an additional 388 shares during the last quarter. RFG Advisory LLC raised its holdings in shares of Shake Shack by 10.3% during the fourth quarter. RFG Advisory LLC now owns 4,401 shares of the company's stock worth $326,000 after purchasing an additional 412 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of Shake Shack during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 86.07% of the company's stock.

Shake Shack Company Profile

(Get Free Report)

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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