KeyCorp Initiates Coverage on Shake Shack (NYSE:SHAK)

KeyCorp began coverage on shares of Shake Shack (NYSE:SHAK - Free Report) in a research note published on Monday, Marketbeat.com reports. The firm issued a sector weight rating on the stock. KeyCorp also issued estimates for Shake Shack's Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.47 EPS, FY2025 earnings at $1.33 EPS and FY2026 earnings at $1.67 EPS.

A number of other research analysts also recently commented on SHAK. UBS Group decreased 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 report on Monday, April 28th. TD Securities reissued a "hold" rating and set a $105.00 price target on shares of Shake Shack in a report on Monday, May 19th. Loop Capital upgraded Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price objective on the stock in a research report on Tuesday, April 1st. TD Cowen downgraded shares of Shake Shack from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a report on Monday, May 19th. Finally, Truist Financial lifted their price target on shares of Shake Shack from $134.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $115.40.

Shake Shack Stock Up 2.6%

Shares of Shake Shack stock traded up $3.25 on Monday, hitting $130.20. The company had a trading volume of 862,039 shares, compared to its average volume of 1,166,364. The stock has a 50-day moving average of $99.70 and a 200-day moving average of $110.80. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. Shake Shack has a twelve month low of $72.93 and a twelve month high of $139.89. The firm has a market capitalization of $5.56 billion, a P/E ratio of 566.09 and a beta of 1.61.

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

Insider Activity

In other news, Director Daniel Harris Meyer sold 10,000 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $130.10, for a total value of $1,301,000.00. Following the sale, the director now directly owns 396,636 shares of the company's stock, valued at approximately $51,602,343.60. This represents a 2.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 20,180 shares of company stock valued at $2,622,709 over the last quarter. Company insiders own 9.73% of the company's stock.

Institutional Investors Weigh In On Shake Shack

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nemes Rush Group LLC bought a new position in shares of Shake Shack during the 4th quarter valued at about $29,000. Harvest Fund Management Co. Ltd bought a new stake in Shake Shack during the fourth quarter worth about $32,000. Farther Finance Advisors LLC lifted its holdings in shares of Shake Shack by 939.3% during the first quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock valued at $26,000 after purchasing an additional 263 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Shake Shack during the 1st quarter valued at about $26,000. Finally, Transcendent Capital Group LLC bought a new stake in Shake Shack in the 4th quarter worth approximately $52,000. 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.