Shake Shack (NYSE:SHAK) Rating Reiterated by TD Cowen

Shake Shack (NYSE:SHAK - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at TD Cowen in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $125.00 price target on the stock. TD Cowen's target price points to a potential upside of 26.76% from the company's current price.

A number of other equities analysts have also weighed in on the company. UBS Group boosted their price objective on Shake Shack from $80.00 to $88.00 and gave the stock a "neutral" rating in a research note on Monday, February 12th. JPMorgan Chase & Co. boosted their price target on shares of Shake Shack from $65.00 to $100.00 and gave the company an "underweight" rating in a research report on Monday, March 4th. StockNews.com cut shares of Shake Shack from a "hold" rating to a "sell" rating in a research report on Monday, March 4th. Truist Financial boosted their target price on shares of Shake Shack from $112.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, April 2nd. Finally, Oppenheimer raised their price target on shares of Shake Shack from $108.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Shake Shack has an average rating of "Hold" and an average target price of $86.39.

Shake Shack Price Performance

SHAK traded up $0.10 on Wednesday, hitting $98.61. 873,414 shares of the company's stock were exchanged, compared to its average volume of 995,858. The firm has a 50-day moving average price of $97.05 and a 200-day moving average price of $75.25. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 214.52, a P/E/G ratio of 3.86 and a beta of 1.80. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.52. Shake Shack has a fifty-two week low of $52.64 and a fifty-two week high of $110.90.

Shake Shack (NYSE:SHAK - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $286.20 million for the quarter, compared to analyst estimates of $280.45 million. Shake Shack had a net margin of 1.82% and a return on equity of 3.67%. Shake Shack's quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.06) earnings per share. As a group, equities analysts anticipate that Shake Shack will post 0.71 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Daniel Harris Meyer sold 23,966 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $100.13, for a total value of $2,399,715.58. Following the transaction, the director now owns 526,471 shares in the company, valued at approximately $52,715,541.23. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Jeffrey Flug sold 304 shares of Shake Shack stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $103.01, for a total transaction of $31,315.04. Following the sale, the director now directly owns 3,754 shares in the company, valued at approximately $386,699.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel Harris Meyer sold 23,966 shares of the business's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $100.13, for a total transaction of $2,399,715.58. Following the completion of the sale, the director now directly owns 526,471 shares of the company's stock, valued at $52,715,541.23. The disclosure for this sale can be found here. Insiders sold 100,912 shares of company stock valued at $10,201,834 in the last ninety days. Insiders own 10.06% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in Shake Shack in the 4th quarter valued at about $32,000. Ramirez Asset Management Inc. purchased a new stake in shares of Shake Shack during the third quarter worth approximately $35,000. Tower Research Capital LLC TRC lifted its holdings in shares of Shake Shack by 67.9% during the first quarter. Tower Research Capital LLC TRC now owns 989 shares of the company's stock worth $55,000 after purchasing an additional 400 shares during the period. C M Bidwell & Associates Ltd. grew its position in Shake Shack by 122.6% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 1,111 shares of the company's stock valued at $65,000 after buying an additional 612 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in Shake Shack by 420.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,119 shares of the company's stock valued at $83,000 after buying an additional 904 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company's stock.

About Shake Shack

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.