Shake Shack Inc. (SHAK) Receives Consensus Rating of “Hold” from Brokerages
Shares of Shake Shack Inc. (NYSE:SHAK) have earned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the company. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $39.65.
SHAK has been the subject of several analyst reports. Zacks Investment Research upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Saturday, July 23rd. Vetr upgraded Shake Shack from a “sell” rating to a “hold” rating and set a $37.50 price target for the company in a research note on Tuesday, August 2nd. SunTrust Banks Inc. upgraded Shake Shack from a “neutral” rating to a “buy” rating and upped their price target for the stock from $40.87 to $48.00 in a research note on Thursday, August 11th. Wedbush restated an “underperform” rating and set a $30.00 price target on shares of Shake Shack in a research note on Thursday, August 11th. Finally, Jefferies Group restated a “hold” rating and set a $36.00 price target (down from $38.00) on shares of Shake Shack in a research note on Thursday, August 11th.
In other Shake Shack news, Director Equity Investors Vi L.P Green sold 50,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $38.17, for a total transaction of $1,908,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Equity Group L.P. Select sold 27,130 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $35.68, for a total value of $967,998.40. The disclosure for this sale can be found here. 44.69% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. USA Mutuals Advisors Inc. purchased a new position in Shake Shack during the second quarter worth approximately $182,000. UBS Asset Management Americas Inc. increased its position in Shake Shack by 5.3% in the second quarter. UBS Asset Management Americas Inc. now owns 6,000 shares of the company’s stock worth $219,000 after buying an additional 300 shares in the last quarter. BlackRock Advisors LLC increased its position in Shake Shack by 121.1% in the second quarter. BlackRock Advisors LLC now owns 6,245 shares of the company’s stock worth $228,000 after buying an additional 3,420 shares in the last quarter. BlackRock Group LTD increased its position in Shake Shack by 16.3% in the third quarter. BlackRock Group LTD now owns 6,472 shares of the company’s stock worth $224,000 after buying an additional 906 shares in the last quarter. Finally, US Bancorp DE purchased a new position in Shake Shack during the third quarter worth approximately $248,000. 96.00% of the stock is currently owned by institutional investors.
Shares of Shake Shack (NYSE:SHAK) traded up 0.673% during trading on Friday, hitting $36.655. The stock had a trading volume of 267,570 shares. The stock has a 50-day moving average of $33.42 and a 200 day moving average of $35.81. Shake Shack has a 12-month low of $30.00 and a 12-month high of $47.00. The firm has a market cap of $913.48 million, a price-to-earnings ratio of 80.560 and a beta of 1.20.
Shake Shack (NYSE:SHAK) last released its earnings results on Wednesday, November 9th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The firm earned $74.60 million during the quarter, compared to analyst estimates of $69.18 million. Shake Shack had a return on equity of 7.12% and a net margin of 3.97%. The business’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 earnings per share. On average, analysts predict that Shake Shack will post $0.46 earnings per share for the current fiscal year.
Shake Shack Company Profile
Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company has approximately 84 Shacks in over 10 countries and approximately 45 cities. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.
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