TD Securities Reaffirms Hold Rating for Shake Shack (NYSE:SHAK)

Shake Shack (NYSE:SHAK - Get Free Report)'s stock had its "hold" rating reiterated by analysts at TD Securities in a report issued on Thursday,Benzinga reports. They currently have a $105.00 price objective on the stock. TD Securities' target price indicates a potential downside of 24.63% from the stock's current price.

SHAK has been the subject of several other research reports. UBS Group cut their target price on Shake Shack from $140.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Barclays boosted their price objective on shares of Shake Shack from $102.00 to $166.00 and gave the stock an "overweight" rating in a report on Thursday. Raymond James Financial reaffirmed a "strong-buy" rating and set a $140.00 target price (down previously from $145.00) on shares of Shake Shack in a report on Friday, May 2nd. Bank of America boosted their price target on shares of Shake Shack from $112.00 to $134.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Truist Financial upped 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 analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $123.95.

Shake Shack Price Performance

NYSE SHAK traded up $5.41 during trading hours on Thursday, hitting $139.31. The company had a trading volume of 489,677 shares, compared to its average volume of 1,191,347. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.88 and a current ratio of 1.91. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 498.24, a PEG ratio of 3.17 and a beta of 1.77. Shake Shack has a 52 week low of $72.93 and a 52 week high of $140.80. The firm has a 50 day simple moving average of $113.27 and a 200 day simple moving average of $110.77.

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). 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 0.97% and a return on equity of 8.45%. Shake Shack's revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. Equities research analysts expect that Shake Shack will post 1.26 earnings per share for the current year.

Insider Transactions at Shake Shack

In related news, Director Daniel Harris Meyer sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $130.26, for a total transaction of $1,302,600.00. Following the completion of the transaction, the director now owns 386,636 shares in the company, valued at $50,363,205.36. The trade was a 2.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Katherine Irene Fogertey sold 562 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $124.84, for a total transaction of $70,160.08. Following the sale, the chief financial officer now directly owns 35,188 shares of the company's stock, valued at $4,392,869.92. The trade was a 1.57% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,698 shares of company stock valued at $4,499,820. 9.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Shake Shack

A number of large investors have recently modified their holdings of the business. New York State Common Retirement Fund raised its holdings in shares of Shake Shack by 58.5% in the fourth quarter. New York State Common Retirement Fund now owns 29,709 shares of the company's stock worth $3,856,000 after buying an additional 10,970 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Shake Shack by 856.1% in the 4th quarter. Global Retirement Partners LLC now owns 784 shares of the company's stock valued at $102,000 after acquiring an additional 702 shares during the period. Ieq Capital LLC acquired a new position in shares of Shake Shack in the 4th quarter valued at $444,000. Handelsbanken Fonder AB raised its stake in Shake Shack by 15.6% in the 4th quarter. Handelsbanken Fonder AB now owns 8,900 shares of the company's stock worth $1,155,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Shake Shack by 159.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 18,587 shares of the company's stock worth $2,413,000 after acquiring an additional 11,435 shares during the period. Hedge funds and other 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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