Shake Shack Inc. (NYSE:SHAK) Receives $116.38 Consensus PT from Brokerages

Shake Shack Inc. (NYSE:SHAK - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twenty-one research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $114.71.

A number of equities research analysts have commented on the stock. Oppenheimer reduced their price target on shares of Shake Shack from $155.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Robert W. Baird decreased their target price on Shake Shack from $98.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Gordon Haskett raised Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price objective for the company in a research note on Wednesday, January 8th. Stifel Nicolaus decreased their price objective on Shake Shack from $120.00 to $97.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Shake Shack from $107.00 to $105.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th.

Hedge Funds Weigh In On Shake Shack

Large investors have recently made changes to their positions in the stock. GDS Wealth Management lifted its holdings in Shake Shack by 253.6% during the 4th quarter. GDS Wealth Management now owns 14,277 shares of the company's stock worth $1,853,000 after purchasing an additional 10,239 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Shake Shack by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company's stock worth $46,979,000 after buying an additional 8,429 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Shake Shack in the fourth quarter valued at approximately $260,000. Assenagon Asset Management S.A. grew its stake in Shake Shack by 45.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 152,264 shares of the company's stock valued at $19,764,000 after acquiring an additional 47,906 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Shake Shack by 0.3% during the 4th quarter. Rhumbline Advisers now owns 106,129 shares of the company's stock worth $13,776,000 after acquiring an additional 278 shares during the period. 86.07% of the stock is owned by institutional investors.

Shake Shack Trading Up 1.7 %

Shares of NYSE SHAK traded up $1.53 during trading on Tuesday, reaching $89.27. The company had a trading volume of 4,601,505 shares, compared to its average volume of 1,100,205. Shake Shack has a 12 month low of $72.93 and a 12 month high of $139.89. 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 stock has a market cap of $3.80 billion, a P/E ratio of 388.12 and a beta of 1.80. The company's fifty day moving average price is $90.14 and its 200-day moving average price is $111.54.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.14 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $330.24 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. The business's revenue was up 10.5% on a year-over-year basis. As a group, research analysts expect that Shake Shack will post 1.26 earnings per share for the current year.

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.