Weiss Ratings Reaffirms Hold (C) Rating for Shake Shack (NYSE:SHAK)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for Shake Shack (NYSE: SHAK), reflecting a neutral stance on the stock.
• Shake Shack's stock price is currently around $92.39, with a target price consensus of $129.16 and a 12-month high of $144.65.
• In recent earnings, Shake Shack reported a 12.6% year-over-year increase in revenue, with earnings per share of $0.44, surpassing analysts' expectations.

Shake Shack (NYSE:SHAK - Get Free Report)'s stock had its "hold (c)" rating reissued by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also weighed in on SHAK. Sanford C. Bernstein set a $166.00 target price on Shake Shack and gave the company an "overweight" rating in a research note on Thursday, June 26th. Raymond James Financial restated a "strong-buy" rating and set a $160.00 price target (down previously from $165.00) on shares of Shake Shack in a report on Friday, August 1st. TD Securities reiterated a "hold" rating and set a $105.00 target price on shares of Shake Shack in a report on Thursday, June 26th. Bank of America reiterated an "underperform" rating and set a $86.00 target price (down previously from $148.00) on shares of Shake Shack in a report on Monday. Finally, The Goldman Sachs Group reduced their target price on Shake Shack from $160.00 to $137.00 and set a "buy" rating on the stock in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Shake Shack has a consensus rating of "Hold" and a consensus target price of $129.16.

Shake Shack Price Performance

SHAK stock traded down $0.56 during mid-day trading on Wednesday, hitting $92.39. 737,791 shares of the stock were exchanged, compared to its average volume of 1,180,959. 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 0.48, a current ratio of 1.92 and a quick ratio of 1.89. The business has a fifty day moving average price of $102.45 and a 200 day moving average price of $110.10. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 200.85, a PEG ratio of 2.18 and a beta of 1.65.

Shake Shack (NYSE:SHAK - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.07. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The company had revenue of $356.47 million during the quarter, compared to analyst estimates of $352.56 million. During the same quarter in the previous year, the company posted $0.27 EPS. Shake Shack's revenue for the quarter was up 12.6% on a year-over-year basis. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Shake Shack will post 1.26 EPS for the current year.

Institutional Trading of Shake Shack

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its stake in shares of Shake Shack by 939.3% in the 1st quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock worth $26,000 after buying an additional 263 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Shake Shack in the 1st quarter worth approximately $26,000. Ameritas Advisory Services LLC purchased a new stake in shares of Shake Shack in the 2nd quarter worth approximately $31,000. Garde Capital Inc. purchased a new stake in shares of Shake Shack in the 1st quarter worth approximately $35,000. Finally, Parallel Advisors LLC grew its stake in shares of Shake Shack by 679.4% in the 2nd quarter. Parallel Advisors LLC now owns 265 shares of the company's stock worth $37,000 after buying an additional 231 shares during the last quarter. 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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