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

Shake Shack, Inc. (NYSE:SHAK - Get Free Report) has received an average rating of "Hold" from the twenty-three brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, fourteen 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 price target among analysts that have updated their coverage on the stock in the last year is $125.95.

A number of research firms recently weighed in on SHAK. The Goldman Sachs Group upped their price target on Shake Shack from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. BTIG Research cut Shake Shack from a "buy" rating to a "neutral" rating in a report on Monday, June 2nd. Morgan Stanley increased their price target on Shake Shack from $109.00 to $122.00 and gave the company an "equal weight" rating in a report on Monday. Sanford C. Bernstein set a $166.00 price objective on Shake Shack and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $160.00 price objective (up from $125.00) on shares of Shake Shack in a research report on Thursday, June 26th.

Shake Shack Trading Down 0.3%

Shares of SHAK traded down $0.37 during mid-day trading on Friday, reaching $136.75. 882,112 shares of the company's stock traded hands, compared to its average volume of 1,205,790. The stock has a market cap of $5.83 billion, a P/E ratio of 488.40, a P/E/G ratio of 3.30 and a beta of 1.77. The stock's 50-day moving average is $127.47 and its two-hundred day moving average is $111.43. Shake Shack has a 12 month low of $72.93 and a 12 month high of $144.65. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.91 and a quick ratio of 1.88.

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 0.97% and a return on equity of 8.45%. The company had revenue of $320.90 million during the quarter, compared to analysts' expectations of $330.24 million. During the same quarter in the prior year, the business posted $0.13 earnings per share. The company's revenue was up 10.5% compared to the same quarter last year. Research analysts forecast that Shake Shack will post 1.26 earnings per share for the current fiscal year.

Insider Transactions at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 20,000 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $140.07, for a total value of $2,801,400.00. Following the completion of the transaction, the director directly owned 367,984 shares of the company's stock, valued at $51,543,518.88. This represents a 5.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Katherine Irene Fogertey sold 3,956 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $127.49, for a total transaction of $504,350.44. Following the completion of the transaction, the chief financial officer directly owned 35,750 shares of the company's stock, valued at approximately $4,557,767.50. The trade was a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,391 shares of company stock valued at $11,869,925. 9.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shake Shack

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Financial LLC raised its stake in shares of Shake Shack by 0.7% in the 1st quarter. Summit Financial LLC now owns 13,180 shares of the company's stock valued at $1,162,000 after purchasing an additional 97 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Shake Shack by 5.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company's stock valued at $243,000 after purchasing an additional 100 shares in the last quarter. Redwood Investments LLC raised its stake in shares of Shake Shack by 0.5% in the 1st quarter. Redwood Investments LLC now owns 23,231 shares of the company's stock valued at $2,048,000 after purchasing an additional 110 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Shake Shack by 1.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,367 shares of the company's stock valued at $914,000 after purchasing an additional 133 shares in the last quarter. Finally, Xponance Inc. raised its stake in shares of Shake Shack by 5.9% in the 1st quarter. Xponance Inc. now owns 2,868 shares of the company's stock valued at $253,000 after purchasing an additional 159 shares in the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.

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.