TheStreet downgraded shares of Shake Shack (NYSE:SHAK) from a b- rating to a c rating in a research note released on Tuesday, TheStreetRatingsTable reports.

A number of other research analysts have also recently issued reports on the stock. Piper Jaffray Companies lowered their price target on shares of Shake Shack from $109.00 to $97.00 and set an overweight rating for the company in a research report on Tuesday. MKM Partners assumed coverage on shares of Shake Shack in a research report on Tuesday, August 13th. They set a neutral rating and a $75.00 price target for the company. Deutsche Bank assumed coverage on shares of Shake Shack in a research report on Monday, September 30th. They set a hold rating and a $90.00 price target for the company. Wedbush reissued a neutral rating and set a $75.00 price target (down from $84.00) on shares of Shake Shack in a research report on Tuesday. Finally, ValuEngine cut shares of Shake Shack from a buy rating to a hold rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Shake Shack presently has an average rating of Hold and an average price target of $75.99.

NYSE SHAK traded down $0.94 during trading hours on Tuesday, reaching $62.06. 2,254,500 shares of the company’s stock traded hands, compared to its average volume of 888,934. Shake Shack has a 52-week low of $40.67 and a 52-week high of $105.84. The firm has a market cap of $2.49 billion, a PE ratio of 87.41, a PEG ratio of 4.08 and a beta of 1.24. The firm has a 50-day simple moving average of $89.51 and a 200 day simple moving average of $78.98. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.08.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. Shake Shack had a net margin of 3.69% and a return on equity of 9.50%. The company had revenue of $157.76 million during the quarter, compared to analysts’ expectations of $157.45 million. During the same period last year, the company posted $0.21 EPS. Shake Shack’s revenue was up 31.9% on a year-over-year basis. Sell-side analysts forecast that Shake Shack will post 0.65 EPS for the current fiscal year.

In other Shake Shack news, CEO Randall J. Garutti sold 30,000 shares of Shake Shack stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.54, for a total value of $2,476,200.00. Following the completion of the transaction, the chief executive officer now directly owns 60,702 shares of the company’s stock, valued at $5,010,343.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Flug sold 8,794 shares of Shake Shack stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $90.31, for a total transaction of $794,186.14. The disclosure for this sale can be found here. Insiders sold 188,919 shares of company stock valued at $18,057,001 over the last ninety days. Corporate insiders own 21.85% of the company’s stock.

A number of institutional investors have recently modified their holdings of SHAK. Invesco Ltd. raised its holdings in Shake Shack by 1,069.6% in the second quarter. Invesco Ltd. now owns 1,099,642 shares of the company’s stock worth $79,394,000 after buying an additional 1,005,627 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Shake Shack during the second quarter valued at approximately $58,021,000. BlackRock Inc. raised its holdings in shares of Shake Shack by 6.1% during the second quarter. BlackRock Inc. now owns 3,899,216 shares of the company’s stock valued at $281,523,000 after purchasing an additional 224,817 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Shake Shack by 770.5% during the second quarter. Bank of America Corp DE now owns 180,673 shares of the company’s stock valued at $13,044,000 after purchasing an additional 159,919 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new position in shares of Shake Shack during the second quarter valued at approximately $8,447,000. 84.64% 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, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 26, 2018, it operated 208 Shacks, including 124 domestic company-operated Shacks, 12 domestic licensed Shacks, and 72 international licensed Shacks.

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Analyst Recommendations for Shake Shack (NYSE:SHAK)

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