Shake Shack Inc. (NYSE:SHAK) Receives Average Rating of "Hold" from Brokerages

Shares of Shake Shack Inc. (NYSE:SHAK - Get Free Report) have been given an average rating of "Hold" by the twenty ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $113.40.

A number of equities research analysts have commented on SHAK shares. Wedbush raised their target price on shares of Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Wells Fargo & Company initiated coverage on shares of Shake Shack in a research report on Wednesday, March 26th. They issued an "equal weight" rating and a $95.00 price target on the stock. Loop Capital upgraded shares of Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price target on the stock in a research report on Tuesday, April 1st. UBS Group dropped their price objective on shares of Shake Shack from $140.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Finally, Robert W. Baird boosted their target price on shares of Shake Shack from $85.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd.

Shake Shack Stock Up 0.2%

SHAK stock traded up $0.25 during trading on Friday, hitting $126.82. 1,466,507 shares of the stock traded hands, compared to its average volume of 1,158,746. The firm's 50 day moving average is $96.87 and its two-hundred day moving average is $110.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 551.37 and a beta of 1.61. Shake Shack has a 1 year low of $72.93 and a 1 year high of $139.89.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The company had revenue of $320.90 million for the quarter, compared to analysts' expectations of $330.24 million. During the same period in the previous year, the business earned $0.13 EPS. The business's revenue was up 10.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Shake Shack will post 1.26 EPS for the current year.

Hedge Funds Weigh In On Shake Shack

Several hedge funds and other institutional investors have recently modified their holdings of SHAK. Farther Finance Advisors LLC raised its holdings in shares of Shake Shack by 939.3% in the first quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock worth $26,000 after buying an additional 263 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Shake Shack during the 1st quarter valued at approximately $26,000. Nemes Rush Group LLC purchased a new position in shares of Shake Shack during the 4th quarter valued at approximately $29,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Shake Shack during the 4th quarter valued at approximately $32,000. Finally, Garde Capital Inc. purchased a new position in Shake Shack in the 1st quarter valued at $35,000. 86.07% of the stock is owned by hedge funds and other institutional investors.

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.