Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 29, 2021, it operated 369 Shacks, including 218 domestic company-operated Shacks, 25 domestic licensed Shacks, and 126 international licensed Shacks. Shake Shack Inc. was founded in 2001 and is headquartered in New York, New York.
Shake Shack Stock Down 0.0 %
SHAK Stock traded down $0.02 during trading on Thursday, hitting $51.98. 503,145 shares of the stock traded hands, compared to its average volume of 926,098. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of -85.35 and a beta of 1.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.89 and a quick ratio of 2.86. Shake Shack has a 1 year low of $37.72 and a 1 year high of $100.85. The firm's 50 day moving average is $45.21 and its two-hundred day moving average is $55.84.
Analysts Set New Price Targets
Several analysts have issued reports on SHAK shares. Credit Suisse Group cut their target price on Shake Shack from $72.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, August 8th. Raymond James upgraded shares of Shake Shack from an "underperform" rating to a "market perform" rating in a research report on Tuesday, May 17th. Northcoast Research upgraded shares of Shake Shack from a "neutral" rating to a "buy" rating and set a $70.00 price target for the company in a research report on Monday, May 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on Shake Shack from $68.00 to $53.00 in a research note on Monday, August 8th. Finally, BTIG Research lowered their target price on Shake Shack to $65.00 in a research note on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $66.39.
Insider Transactions at Shake Shack
In other news, Director Daniel Harris Meyer acquired 21,000 shares of the firm's stock in a transaction that occurred on Monday, July 11th. The stock was bought at an average cost of $39.58 per share, for a total transaction of $831,180.00. Following the acquisition, the director now directly owns 576,364 shares in the company, valued at $22,812,487.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Shake Shack news, Director Daniel Harris Meyer bought 21,000 shares of the firm's stock in a transaction on Monday, July 11th. The stock was acquired at an average price of $39.58 per share, with a total value of $831,180.00. Following the transaction, the director now owns 576,364 shares in the company, valued at $22,812,487.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Zach Koff sold 5,000 shares of the firm's stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. Following the sale, the chief operating officer now directly owns 31,085 shares in the company, valued at approximately $1,398,825. The disclosure for this sale can be found here. Insiders own 9.98% of the company's stock.