Shake Shack’s (SHAK) “Buy” Rating Reiterated at TD Cowen

TD Cowen reiterated their buy rating on shares of Shake Shack (NYSE:SHAK) in a research report sent to investors on Thursday, Benzinga reports. The firm currently has a $125.00 price target on the stock.

Other equities research analysts also recently issued reports about the stock. Wedbush reiterated a neutral rating and set a $80.00 price objective on shares of Shake Shack in a research note on Wednesday, February 14th. BTIG Research increased their price target on Shake Shack from $110.00 to $120.00 and gave the company a buy rating in a report on Thursday, March 14th. Morgan Stanley raised their price objective on Shake Shack from $88.00 to $105.00 and gave the company an equal weight rating in a research report on Friday, April 12th. Truist Financial upped their target price on Shake Shack from $112.00 to $115.00 and gave the stock a buy rating in a research report on Tuesday, April 2nd. Finally, Oppenheimer raised their target price on Shake Shack from $108.00 to $120.00 and gave the company an outperform rating in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $97.94.

Shake Shack Stock Performance

Shares of NYSE SHAK opened at $107.47 on Thursday. The company has a 50-day simple moving average of $102.37 and a 200-day simple moving average of $80.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 1.99. The company has a market cap of $4.55 billion, a PE ratio of 195.40, a price-to-earnings-growth ratio of 3.79 and a beta of 1.78. Shake Shack has a 12 month low of $52.79 and a 12 month high of $110.90.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $290.50 million during the quarter, compared to analysts’ expectations of $291.00 million. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. Shake Shack’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.01) EPS. On average, equities analysts anticipate that Shake Shack will post 0.72 earnings per share for the current year.

Insider Activity at Shake Shack

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $108.05, for a total transaction of $32,847.20. Following the completion of the transaction, the director now directly owns 4,058 shares of the company’s stock, valued at approximately $438,466.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Daniel Harris Meyer sold 30,000 shares of Shake Shack stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $95.25, for a total value of $2,857,500.00. Following the completion of the transaction, the director now owns 550,437 shares in the company, valued at approximately $52,429,124.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $108.05, for a total value of $32,847.20. Following the completion of the sale, the director now owns 4,058 shares of the company’s stock, valued at $438,466.90. The disclosure for this sale can be found here. Insiders have sold 100,608 shares of company stock valued at $10,178,861 over the last ninety days. Corporate insiders own 10.06% of the company’s stock.

Hedge Funds Weigh In On Shake Shack

Large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in Shake Shack during the first quarter valued at $25,000. GAMMA Investing LLC acquired a new position in shares of Shake Shack in the 4th quarter valued at about $32,000. Ramirez Asset Management Inc. bought a new stake in shares of Shake Shack during the 3rd quarter valued at about $35,000. C M Bidwell & Associates Ltd. raised its stake in Shake Shack by 122.6% during the third quarter. C M Bidwell & Associates Ltd. now owns 1,111 shares of the company’s stock worth $65,000 after acquiring an additional 612 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Shake Shack during the first quarter worth about $97,000. 86.07% of the stock is currently owned by institutional investors.

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.