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

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

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Shake Shack from $120.00 to $97.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Truist Financial lifted their target price on Shake Shack from $134.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, May 15th. UBS Group lowered their target price on Shake Shack from $140.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Oppenheimer reduced their price target on Shake Shack from $155.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Barclays lowered their price objective on Shake Shack from $155.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd.

Shake Shack Price Performance

SHAK traded up $8.65 during trading on Friday, reaching $126.27. The company's stock had a trading volume of 2,222,772 shares, compared to its average volume of 1,155,222. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $94.81 and a two-hundred day simple moving average of $110.55. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 549.00 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 posted its quarterly earnings results on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $320.90 million during the quarter, compared to analysts' expectations of $330.24 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The business's quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the company earned $0.13 EPS. As a group, analysts anticipate that Shake Shack will post 1.26 EPS for the current year.

Hedge Funds Weigh In On Shake Shack

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nemes Rush Group LLC purchased a new position in shares of Shake Shack during the 4th quarter worth approximately $29,000. Harvest Fund Management Co. Ltd purchased a new position in Shake Shack during the fourth quarter worth $32,000. 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 acquiring an additional 263 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Shake Shack in the first quarter valued at $26,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Shake Shack in the fourth quarter valued at $52,000. Institutional investors and hedge funds own 86.07% of the company's stock.

Shake Shack Company Profile

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.