Shares of Shake Shack Inc (NYSE:SHAK) have been assigned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and four have assigned a 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 $54.56.
SHAK has been the topic of a number of recent research reports. Stifel Nicolaus initiated coverage on Shake Shack in a research note on Tuesday, October 9th. They set a “hold” rating and a $65.00 price objective on the stock. Wedbush lowered their price objective on Shake Shack from $62.00 to $56.00 and set a “neutral” rating on the stock in a research note on Friday, November 2nd. Zacks Investment Research lowered Shake Shack from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 4th. SunTrust Banks lowered their price objective on Shake Shack to $60.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Finally, Jefferies Financial Group upgraded Shake Shack from an “underperform” rating to a “hold” rating and set a $45.08 price objective on the stock in a research note on Wednesday, December 19th. They noted that the move was a valuation call.
In other news, Director Jeffrey Flug sold 37,054 shares of Shake Shack stock in a transaction on Friday, November 30th. The stock was sold at an average price of $53.54, for a total value of $1,983,871.16. Following the transaction, the director now owns 4,415 shares in the company, valued at approximately $236,379.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Equity Group L.P. Select sold 33,186 shares of Shake Shack stock in a transaction on Thursday, October 18th. The shares were sold at an average price of $58.22, for a total value of $1,932,088.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 252,236 shares of company stock worth $13,236,516. Corporate insiders own 30.18% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Rehmann Capital Advisory Group acquired a new stake in shares of Shake Shack during the 2nd quarter valued at $124,000. Advisors Asset Management Inc. boosted its holdings in shares of Shake Shack by 50.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 3,202 shares of the company’s stock valued at $212,000 after acquiring an additional 1,077 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Shake Shack during the 3rd quarter valued at $235,000. HM Payson & Co. acquired a new stake in shares of Shake Shack during the 2nd quarter valued at $249,000. Finally, Raymond James & Associates acquired a new stake in shares of Shake Shack during the 2nd quarter valued at $292,000. Institutional investors own 81.73% of the company’s stock.
Shares of NYSE SHAK opened at $50.24 on Friday. The company has a market cap of $1.83 billion, a PE ratio of 88.14, a PEG ratio of 3.02 and a beta of 1.48. Shake Shack has a 1-year low of $36.58 and a 1-year high of $70.12.
Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, November 1st. The company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.08. The company had revenue of $119.65 million for the quarter, compared to analyst estimates of $116.81 million. Shake Shack had a return on equity of 10.64% and a net margin of 0.40%. The firm’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share. On average, research analysts expect that Shake Shack will post 0.69 EPS for the current year.
Shake Shack Company Profile
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 October 9, 2018, it operated 180 locations in 26 U.S.
Featured Story: How are Outstanding Shares Different from Authorized Shares?
Receive News & Ratings for Shake Shack Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shake Shack and related companies with MarketBeat.com's FREE daily email newsletter.