Shake Shack Inc. (NYSE:SHAK) Receives $112.94 Average Target Price from Analysts

Shares of Shake Shack Inc. (NYSE:SHAK) have received a consensus rating of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $112.94.

SHAK has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $115.00 target price on shares of Shake Shack in a research report on Wednesday, August 28th. TD Cowen restated a “buy” rating and set a $125.00 price objective on shares of Shake Shack in a research note on Wednesday, September 18th. Bank of America lifted their target price on Shake Shack from $104.00 to $116.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Oppenheimer upped their price target on Shake Shack from $122.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $102.00 price objective (down previously from $105.00) on shares of Shake Shack in a report on Tuesday, September 24th.

Shake Shack Stock Down 0.2 %

SHAK opened at $133.50 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 786.65, a price-to-earnings-growth ratio of 3.04 and a beta of 1.81. Shake Shack has a 12 month low of $60.84 and a 12 month high of $135.76. The business has a 50-day moving average of $116.51 and a two-hundred day moving average of $102.36.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The company had revenue of $316.92 million for the quarter, compared to analyst estimates of $316.03 million. During the same period last year, the company posted $0.17 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. On average, research analysts expect that Shake Shack will post 0.82 earnings per share for the current year.

Insider Transactions at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 22,691 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $124.47, for a total value of $2,824,348.77. Following the completion of the sale, the director now directly owns 437,646 shares in the company, valued at $54,473,797.62. This represents a 4.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Katherine Irene Fogertey sold 321 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $103.93, for a total value of $33,361.53. Following the transaction, the chief financial officer now directly owns 36,180 shares of the company’s stock, valued at approximately $3,760,187.40. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,433 shares of company stock worth $7,654,856. Company insiders own 9.73% of the company’s stock.

Institutional Trading of Shake Shack

Institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. lifted its stake in Shake Shack by 154.8% during the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock valued at $67,157,000 after purchasing an additional 395,311 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Shake Shack in the third quarter valued at $39,677,000. Holocene Advisors LP lifted its position in shares of Shake Shack by 68.3% during the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock valued at $97,673,000 after acquiring an additional 384,131 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Shake Shack by 101.2% during the 2nd quarter. Marshall Wace LLP now owns 544,336 shares of the company’s stock worth $48,990,000 after acquiring an additional 273,822 shares in the last quarter. Finally, Armistice Capital LLC grew its holdings in shares of Shake Shack by 69.1% in the 2nd quarter. Armistice Capital LLC now owns 579,904 shares of the company’s stock worth $52,191,000 after acquiring an additional 236,950 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

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.