Shake Shack, Inc. (SHAK) – What Are Brokerages Thinking About This Stock?

Shares of Shake Shack, Inc. (NYSE:SHAK) have received a consensus rating of “Moderate Buy” from the twenty-eight research firms that are currently covering the firm, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $87.00.

Several equities analysts have recently commented on SHAK shares. Royal Bank Of Canada began coverage on shares of Shake Shack in a report on Tuesday, September 8th. They issued an “outperform” rating and a $89.00 target price on the stock. Robert W. Baird raised shares of Shake Shack to a “hold” rating in a research note on Monday, August 24th. UBS Group lifted their price target on shares of Shake Shack from $68.00 to $73.00 and gave the company a “neutral” rating in a report on Thursday, October 22nd. Guggenheim restated a “buy” rating and set a $90.00 price objective on shares of Shake Shack in a research report on Thursday, October 15th. Finally, Wells Fargo & Company lifted their target price on Shake Shack from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 21st.

Hedge Funds Weigh In On Shake Shack

Several institutional investors have recently added to or reduced their stakes in SHAK. Root Financial Partners LLC purchased a new stake in Shake Shack during the third quarter valued at $31,000. Integrated Wealth Concepts LLC bought a new position in Shake Shack during the second quarter valued at $47,000. IFP Advisors Inc grew its stake in shares of Shake Shack by 43.0% in the 2nd quarter. IFP Advisors Inc now owns 924 shares of the company’s stock worth $52,000 after buying an additional 278 shares in the last quarter. CoreCap Advisors LLC grew its stake in shares of Shake Shack by 181.1% in the 2nd quarter. CoreCap Advisors LLC now owns 1,088 shares of the company’s stock worth $61,000 after buying an additional 701 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Shake Shack by 838.8% in the 3rd quarter. Sterling Capital Management LLC now owns 1,305 shares of the company’s stock worth $77,000 after buying an additional 1,166 shares in the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Performance

NYSE:SHAK opened at $72.72 on Friday. The stock has a 50-day moving average price of $65.08 and a 200 day moving average price of $74.65. The stock has a market capitalization of $3.11 billion, a P/E ratio of 77.36, a P/E/G ratio of 7.53 and a beta of 1.75. Shake Shack has a 12-month low of $51.60 and a 12-month high of $107.46. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.43.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.12. Shake Shack had a return on equity of 9.29% and a net margin of 2.56%. The business had revenue of $417.62 million during the quarter, compared to the consensus estimate of $417.18 million. During the same period in the prior year, the company posted $0.44 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. Equities research analysts forecast that Shake Shack will post 1.12 EPS for the current fiscal year.

Shake Shack Company Profile

Shake Shack Inc operates a fast-casual restaurant chain known for made-to-order burgers, chicken sandwiches, hot dogs, crinkle-cut fries, frozen custard, milkshakes and beverages. Its menu also includes vegetarian and other specialty items, with offerings varying by location. The company emphasizes hospitality, quality ingredients and restaurant designs intended to support both dine-in and takeout service.

The business began as a temporary hot dog cart in Madison Square Park in New York City in 2001 and opened its first permanent restaurant there in 2004.