Shake Shack, Inc. (NYSE:SHAK) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Shake Shack, Inc. (NYSE:SHAK) have been assigned a consensus rating of “Moderate Buy” from the twenty-eight research firms that are covering the company, Marketbeat reports. Twelve analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $87.22.

A number of analysts recently weighed in on the stock. Royal Bank Of Canada began coverage on shares of Shake Shack in a research note on Tuesday, September 8th. They issued an “outperform” rating and a $89.00 target price on the stock. TD Cowen restated a “hold” rating on shares of Shake Shack in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Shake Shack from $105.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Seaport Research Partners initiated coverage on Shake Shack in a report on Wednesday, September 16th. They set a “neutral” rating on the stock. Finally, Mizuho set a $90.00 price objective on Shake Shack in a research note on Thursday, August 6th.

Hedge Funds Weigh In On Shake Shack

Several hedge funds and other institutional investors have recently modified their holdings of SHAK. 12 West Capital Management LP grew its position in Shake Shack by 12.0% in the fourth quarter. 12 West Capital Management LP now owns 1,963,595 shares of the company’s stock valued at $159,385,000 after acquiring an additional 210,000 shares during the period. Bank of America Corp DE lifted its holdings in shares of Shake Shack by 9.3% during the first quarter. Bank of America Corp DE now owns 899,013 shares of the company’s stock valued at $79,536,000 after acquiring an additional 76,724 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Shake Shack by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 670,111 shares of the company’s stock valued at $59,276,000 after purchasing an additional 16,439 shares in the last quarter. Cannell & Spears LLC boosted its stake in shares of Shake Shack by 27.4% in the 1st quarter. Cannell & Spears LLC now owns 452,694 shares of the company’s stock valued at $40,022,000 after purchasing an additional 97,446 shares in the last quarter. Finally, Wasatch Advisors LP boosted its stake in shares of Shake Shack by 16.5% in the 1st quarter. Wasatch Advisors LP now owns 407,283 shares of the company’s stock valued at $36,032,000 after purchasing an additional 57,612 shares in the last quarter. Institutional investors own 86.07% of the company’s stock.

Shake Shack Trading Up 3.4%

Shares of Shake Shack stock opened at $69.20 on Tuesday. The firm has a market capitalization of $2.96 billion, a PE ratio of 73.62, a price-to-earnings-growth ratio of 7.32 and a beta of 1.68. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.67 and a quick ratio of 1.64. The company’s fifty day moving average price is $66.24 and its two-hundred day moving average price is $69.26. Shake Shack has a 52-week low of $51.60 and a 52-week high of $107.46.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. Shake Shack had a net margin of 2.56% and a return on equity of 9.29%. The company had revenue of $417.62 million during the quarter, compared to analysts’ expectations of $417.18 million. During the same quarter in the prior year, the company posted $0.44 EPS. The business’s revenue was up 17.2% on a year-over-year basis. On average, analysts expect that Shake Shack will post 1.13 EPS for the current year.

Shake Shack Company Profile

Shake Shack Inc operates a fast-casual restaurant brand known for made-to-order burgers, chicken sandwiches, hot dogs, crinkle-cut fries, frozen custard, milkshakes, and beverages including beer and wine at select locations. Its menu emphasizes premium ingredients and includes vegetarian and other non-meat options.

The company began as a seasonal hot dog cart in Madison Square Park in New York City in 2001 and opened its first permanent restaurant there in 2004. Shake Shack has since expanded through a combination of company-operated and licensed restaurants, with locations across the United States and in international markets, including parts of Asia, Europe and the Middle East.

Shake Shack also offers digital ordering, delivery, catering and merchandise.