Shares of Shake Shack Inc (NYSE:SHAK) have been assigned an average rating of “Hold” from the eleven research firms that are covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $56.11.
SHAK has been the topic of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of Shake Shack from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Morgan Stanley upped their price objective on shares of Shake Shack from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. SunTrust Banks upped their price objective on shares of Shake Shack to $70.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Wedbush reduced their price objective on shares of Shake Shack from $56.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 26th. Finally, Longbow Research downgraded shares of Shake Shack from a “buy” rating to a “neutral” rating and set a $58.80 price objective on the stock. in a research note on Wednesday, April 17th. They noted that the move was a valuation call.
In related news, Director Jonathan D. Sokoloff sold 87,733 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $53.09, for a total transaction of $4,657,744.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Randall J. Garutti sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $52.43, for a total transaction of $1,310,750.00. Following the transaction, the chief executive officer now directly owns 43,041 shares of the company’s stock, valued at approximately $2,256,639.63. The disclosure for this sale can be found here. Insiders have sold 1,399,982 shares of company stock valued at $80,840,461 in the last ninety days. 21.85% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its position in Shake Shack by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 10,010 shares of the company’s stock worth $592,000 after purchasing an additional 181 shares during the last quarter. LS Investment Advisors LLC increased its position in Shake Shack by 4.7% during the first quarter. LS Investment Advisors LLC now owns 4,372 shares of the company’s stock worth $259,000 after purchasing an additional 196 shares during the last quarter. Piedmont Investment Advisors Inc. increased its position in Shake Shack by 4.0% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 6,130 shares of the company’s stock worth $278,000 after purchasing an additional 233 shares during the last quarter. LPL Financial LLC increased its position in Shake Shack by 5.2% during the fourth quarter. LPL Financial LLC now owns 5,015 shares of the company’s stock worth $228,000 after purchasing an additional 248 shares during the last quarter. Finally, Markel Corp increased its position in shares of Shake Shack by 0.8% in the fourth quarter. Markel Corp now owns 31,350 shares of the company’s stock worth $1,424,000 after acquiring an additional 250 shares in the last quarter. 82.95% of the stock is owned by hedge funds and other institutional investors.
SHAK stock traded up $0.16 during trading on Thursday, reaching $59.45. 504,100 shares of the company were exchanged, compared to its average volume of 705,294. The company has a market cap of $2.22 billion, a P/E ratio of 83.73, a P/E/G ratio of 4.59 and a beta of 1.44. Shake Shack has a 52-week low of $40.67 and a 52-week high of $70.12. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.94.
Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. The firm had revenue of $132.60 million for the quarter, compared to the consensus estimate of $127.23 million. Shake Shack had a net margin of 2.88% and a return on equity of 9.64%. The firm’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 earnings per share. On average, equities research analysts expect that Shake Shack will post 0.58 earnings per share for the current year.
About Shake Shack
Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 26, 2018, it operated 208 Shacks, including 124 domestic company-operated Shacks, 12 domestic licensed Shacks, and 72 international licensed Shacks.
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