Shake Shack (NYSE:SHAK) Upgraded to Strong-Buy at Guggenheim

Guggenheim upgraded shares of Shake Shack (NYSE:SHAK) to a strong-buy rating in a report issued on Friday,Zacks.com reports.

Several other equities analysts also recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Shake Shack in a research note on Monday. Mizuho raised shares of Shake Shack from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $100.00 to $120.00 in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $117.00 price objective on shares of Shake Shack in a research note on Wednesday, April 15th. JPMorgan Chase & Co. increased their price objective on shares of Shake Shack from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday. Finally, TD Cowen increased their price objective on shares of Shake Shack from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $119.67.

Shake Shack Stock Performance

Shares of Shake Shack stock opened at $103.34 on Friday. The company has a market cap of $4.41 billion, a PE ratio of 94.81, a price-to-earnings-growth ratio of 3.83 and a beta of 1.75. The company has a current ratio of 1.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average of $93.59 and a 200-day moving average of $90.85. Shake Shack has a 1-year low of $76.51 and a 1-year high of $144.65.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $400.53 million during the quarter, compared to the consensus estimate of $402.06 million. Shake Shack had a net margin of 3.16% and a return on equity of 11.08%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. As a group, equities research analysts forecast that Shake Shack will post 1.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Shake Shack

In related news, insider Stephanie Ann Sentell sold 258 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $102.21, for a total value of $26,370.18. Following the sale, the insider owned 15,084 shares of the company’s stock, valued at $1,541,735.64. The trade was a 1.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SHAK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Shake Shack by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,627 shares of the company’s stock worth $1,995,000 after buying an additional 976 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Shake Shack by 4,210.3% in the first quarter. Jones Financial Companies Lllp now owns 2,500 shares of the company’s stock valued at $220,000 after buying an additional 2,442 shares during the period. United Services Automobile Association acquired a new stake in shares of Shake Shack in the first quarter valued at about $219,000. Geneos Wealth Management Inc. bought a new position in shares of Shake Shack during the first quarter worth about $26,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Shake Shack by 159.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 748 shares of the company’s stock worth $105,000 after acquiring an additional 460 shares during the last quarter. 86.07% of the stock is owned by institutional investors.

Shake Shack Company Profile

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.