Shake Shack Inc. (NYSE:SHAK) Receives $107.39 Consensus Price Target from Analysts

Shake Shack Inc. (NYSE:SHAK) has been given a consensus rating of “Hold” by the eighteen ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $107.39.

Several analysts recently commented on SHAK shares. TD Cowen restated a “buy” rating and set a $125.00 price target on shares of Shake Shack in a report on Wednesday, September 18th. The Goldman Sachs Group lifted their price objective on Shake Shack from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Piper Sandler lowered Shake Shack from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $121.00 to $114.00 in a research report on Monday, August 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $115.00 price target on shares of Shake Shack in a report on Wednesday, August 28th. Finally, Morgan Stanley dropped their price objective on Shake Shack from $108.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th.

Shake Shack Stock Down 1.9 %

NYSE:SHAK opened at $107.81 on Friday. The firm has a market capitalization of $4.58 billion, a PE ratio of 173.89, a price-to-earnings-growth ratio of 3.29 and a beta of 1.83. Shake Shack has a 52 week low of $52.79 and a 52 week high of $113.50. The company has a current ratio of 2.06, a quick ratio of 2.03 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average of $103.40 and a 200-day moving average of $97.59.

Shake Shack (NYSE:SHAK) last posted its earnings results on Thursday, August 1st. The company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $316.50 million for the quarter, compared to analysts’ expectations of $314.37 million. Shake Shack had a return on equity of 5.63% and a net margin of 2.23%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the firm earned $0.18 EPS. Analysts predict that Shake Shack will post 0.73 EPS for the current year.

Insiders Place Their Bets

In related news, Director Jeffrey Flug sold 304 shares of Shake Shack stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $90.39, for a total transaction of $27,478.56. Following the transaction, the director now owns 3,347 shares of the company’s stock, valued at $302,535.33. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $90.39, for a total transaction of $27,478.56. Following the sale, the director now directly owns 3,347 shares in the company, valued at approximately $302,535.33. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Katherine Irene Fogertey sold 321 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $95.10, for a total transaction of $30,527.10. Following the completion of the transaction, the chief financial officer now owns 37,143 shares of the company’s stock, valued at $3,532,299.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,482 shares of company stock valued at $2,443,382. 9.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Shake Shack

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in Shake Shack during the first quarter worth about $25,000. Quest Partners LLC bought a new stake in shares of Shake Shack during the 2nd quarter worth approximately $38,000. Kimelman & Baird LLC bought a new position in Shake Shack in the second quarter valued at approximately $45,000. Covestor Ltd raised its position in Shake Shack by 32,150.0% during the first quarter. Covestor Ltd now owns 645 shares of the company’s stock valued at $67,000 after purchasing an additional 643 shares in the last quarter. Finally, CWM LLC lifted its stake in Shake Shack by 24.7% during the second quarter. CWM LLC now owns 1,046 shares of the company’s stock worth $94,000 after purchasing an additional 207 shares during the last quarter. 86.07% of the stock is owned by institutional investors.

About Shake Shack

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.