Shake Shack's (SHAK) Hold Rating Reiterated at Loop Capital

Shake Shack (NYSE:SHAK - Get Free Report)'s stock had its "hold" rating restated by stock analysts at Loop Capital in a report released on Tuesday,Benzinga reports. They presently have a $127.00 price objective on the stock. Loop Capital's price objective points to a potential downside of 9.39% from the stock's previous close.

Other equities research analysts also recently issued reports about the company. Truist Financial increased their price target on Shake Shack from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. TD Securities restated a "hold" rating and issued a $105.00 price target on shares of Shake Shack in a report on Thursday, June 26th. Wells Fargo & Company increased their price target on Shake Shack from $95.00 to $115.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. Sanford C. Bernstein set a $166.00 price target on Shake Shack and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, KeyCorp began coverage on Shake Shack in a report on Monday, June 2nd. They set a "sector weight" rating for the company. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $124.43.

Shake Shack Trading Down 1.3%

NYSE SHAK opened at $140.16 on Tuesday. The stock has a 50-day simple moving average of $121.80 and a 200 day simple moving average of $110.94. The company has a market capitalization of $5.98 billion, a PE ratio of 500.57, a P/E/G ratio of 3.36 and a beta of 1.77. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.50. Shake Shack has a 12 month low of $72.93 and a 12 month high of $142.85.

Shake Shack (NYSE:SHAK - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.14 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 the consensus estimate of $330.24 million. During the same quarter in the prior year, the company posted $0.13 EPS. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. Research analysts forecast that Shake Shack will post 1.26 EPS for the current year.

Insider Activity at Shake Shack

In related news, Director Daniel Harris Meyer sold 20,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $140.07, for a total transaction 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 approximately $51,543,518.88. This represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Katherine Irene Fogertey sold 3,956 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $127.49, for a total value of $504,350.44. Following the completion of the sale, 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. Insiders have sold 84,698 shares of company stock valued at $11,490,296 over the last three months. Insiders own 9.73% of the company's stock.

Institutional Trading of Shake Shack

Hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC lifted its holdings in Shake Shack by 679.4% during the 2nd quarter. Parallel Advisors LLC now owns 265 shares of the company's stock worth $37,000 after purchasing an additional 231 shares during the last quarter. RB Capital Management LLC increased its stake in Shake Shack by 19.8% during the 2nd quarter. RB Capital Management LLC now owns 3,935 shares of the company's stock worth $553,000 after acquiring an additional 650 shares during the period. Strs Ohio bought a new position in shares of Shake Shack in the 1st quarter valued at $5,713,000. Geneos Wealth Management Inc. bought a new position in shares of Shake Shack in the 1st quarter valued at $26,000. Finally, Intech Investment Management LLC increased its stake in shares of Shake Shack by 53.4% in the 1st quarter. Intech Investment Management LLC now owns 148,768 shares of the company's stock valued at $13,117,000 after purchasing an additional 51,760 shares during the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

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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