Shake Shack (NYSE:SHAK) Given Hold Rating at TD Securities

Shake Shack (NYSE:SHAK - Get Free Report)'s stock had its "hold" rating restated by stock analysts at TD Securities in a research note issued to investors on Monday,Benzinga reports. They currently have a $105.00 price objective on the stock. TD Securities' target price suggests a potential downside of 11.93% from the stock's previous close.

A number of other brokerages have also recently commented on SHAK. Robert W. Baird upped their price target 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. Oppenheimer dropped their target price 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. Wedbush raised their price target on Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Barclays reduced their price target 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. Finally, Wells Fargo & Company began coverage on Shake Shack in a report on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Shake Shack presently has a consensus rating of "Hold" and a consensus price target of $114.40.

Shake Shack Stock Performance

NYSE:SHAK opened at $119.23 on Monday. Shake Shack has a 1 year low of $72.93 and a 1 year high of $139.89. 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 business has a fifty day simple moving average of $91.21 and a two-hundred day simple moving average of $111.03. The company has a market capitalization of $5.09 billion, a P/E ratio of 518.39 and a beta of 1.61.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings data 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). 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 company's revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 earnings per share. On average, analysts expect that Shake Shack will post 1.26 earnings per share for the current year.

Hedge Funds Weigh In On Shake Shack

A number of hedge funds and other institutional investors have recently made changes to their positions in SHAK. Nemes Rush Group LLC bought a new position in Shake Shack in the 4th quarter worth $29,000. Harvest Fund Management Co. Ltd purchased a new stake in Shake Shack in the fourth quarter worth about $32,000. Farther Finance Advisors LLC boosted its position in Shake Shack by 939.3% during the 1st quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock valued at $26,000 after acquiring an additional 263 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in shares of Shake Shack during the 4th quarter worth approximately $52,000. Finally, Garde Capital Inc. bought a new position in shares of Shake Shack in the 1st quarter worth approximately $35,000. Institutional investors 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.

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