Shake Shack Inc. (NYSE:SHAK) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Shake Shack Inc. (NYSE:SHAK) have earned a consensus recommendation of “Hold” from the eighteen ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $125.50.

SHAK has been the topic of several analyst reports. Oppenheimer upped their target price on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Truist Financial upped their target price on Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a report on Friday, February 21st. Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research note on Wednesday, January 8th. Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $125.00 to $159.00 in a research note on Tuesday, January 7th. Finally, TD Securities reissued a “buy” rating and issued a $140.00 price target on shares of Shake Shack in a research note on Friday, February 21st.

Shake Shack Stock Performance

NYSE:SHAK opened at $92.64 on Monday. The stock has a market cap of $3.94 billion, a P/E ratio of 402.78 and a beta of 1.89. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. The stock’s 50-day moving average is $116.52 and its 200-day moving average is $116.50. Shake Shack has a 1-year low of $77.50 and a 1-year high of $139.89.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $328.68 million for the quarter, compared to analysts’ expectations of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. Equities research analysts anticipate that Shake Shack will post 1.26 earnings per share for the current year.

Insider Buying and Selling at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total transaction of $88,281.42. Following the completion of the transaction, the chief financial officer now owns 30,717 shares in the company, valued at approximately $4,223,894.67. This represents a 2.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.73% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. QRG Capital Management Inc. lifted its holdings in Shake Shack by 14.9% during the 3rd quarter. QRG Capital Management Inc. now owns 3,997 shares of the company’s stock worth $413,000 after purchasing an additional 519 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Shake Shack by 1.8% during the 3rd quarter. Amalgamated Bank now owns 11,721 shares of the company’s stock valued at $1,210,000 after buying an additional 211 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Shake Shack by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 189,229 shares of the company’s stock valued at $19,530,000 after buying an additional 2,043 shares in the last quarter. Covestor Ltd raised its holdings in shares of Shake Shack by 41.6% during the 3rd quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after buying an additional 205 shares in the last quarter. Finally, River Global Investors LLP raised its holdings in shares of Shake Shack by 3.9% during the 3rd quarter. River Global Investors LLP now owns 13,798 shares of the company’s stock valued at $1,423,000 after buying an additional 512 shares in the last quarter. Institutional investors 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.