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

Shake Shack logo with Retail/Wholesale background

Shake Shack (NYSE:SHAK - Get Free Report)'s stock had its "buy" rating restated by investment analysts at TD Cowen in a research note issued to investors on Thursday, Benzinga reports. They currently have a $125.00 price target on the stock. TD Cowen's target price indicates a potential upside of 34.42% from the stock's previous close.

Other equities analysts have also issued reports about the stock. BTIG Research upped their target price on shares of Shake Shack from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, May 6th. Morgan Stanley increased their price objective 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. JPMorgan Chase & Co. raised their target price on shares of Shake Shack from $102.00 to $105.00 and gave the company an "underweight" rating in a research note on Monday, June 3rd. Raymond James raised their target price on shares of Shake Shack from $90.00 to $115.00 and gave the company a "strong-buy" rating in a research note on Friday, February 16th. Finally, StockNews.com cut shares of Shake Shack from a "hold" rating to a "sell" rating in a report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Shake Shack presently has an average rating of "Hold" and a consensus price target of $99.17.


Read Our Latest Stock Analysis on Shake Shack

Shake Shack Trading Up 0.3 %

Shares of SHAK traded up $0.25 during trading hours on Thursday, reaching $92.99. The stock had a trading volume of 810,943 shares, compared to its average volume of 899,474. The company has a quick ratio of 1.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.52. Shake Shack has a 52 week low of $52.79 and a 52 week high of $111.29. The firm has a 50-day moving average of $98.88 and a 200 day moving average of $88.42. The company has a market cap of $3.93 billion, a P/E ratio of 170.16, a P/E/G ratio of 3.63 and a beta of 1.79.

Shake Shack (NYSE:SHAK - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.03. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. The business had revenue of $290.50 million during the quarter, compared to analysts' expectations of $291.00 million. During the same quarter in the prior year, the company earned ($0.01) EPS. The firm's quarterly revenue was up 14.7% on a year-over-year basis. On average, sell-side analysts expect that Shake Shack will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Shake Shack

In other 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 transaction, the director now owns 3,754 shares in the company, valued at $386,699.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 9.73% of the company's stock.

Hedge Funds Weigh In On Shake Shack

A number of hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new position in Shake Shack during the third quarter worth $1,700,000. Madison Asset Management LLC raised its stake in Shake Shack by 52.6% during the fourth quarter. Madison Asset Management LLC now owns 84,062 shares of the company's stock worth $6,231,000 after buying an additional 28,975 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Shake Shack by 60.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 77,901 shares of the company's stock valued at $5,774,000 after purchasing an additional 29,431 shares in the last quarter. Lisanti Capital Growth LLC bought a new stake in Shake Shack in the fourth quarter valued at $2,784,000. Finally, Principal Financial Group Inc. increased its stake in Shake Shack by 31.4% in the fourth quarter. Principal Financial Group Inc. now owns 263,256 shares of the company's stock valued at $19,513,000 after purchasing an additional 62,897 shares in the last quarter. Institutional investors and hedge funds 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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