Shake Shack, Inc. (SHAK) Receives Average Rating of “Hold” from Brokerages

Shake Shack, Inc. (NYSE:SHAK) has received an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $37.70.

Several research firms have issued reports on SHAK. Morgan Stanley raised shares of Shake Shack from an “underweight” rating to an “equal weight” rating in a report on Thursday. BidaskClub raised shares of Shake Shack from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 14th. Barclays lifted their price objective on shares of Shake Shack from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. Cowen lifted their price objective on shares of Shake Shack from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, November 2nd. Finally, Wedbush reiterated a “hold” rating and set a $36.00 price objective on shares of Shake Shack in a research note on Thursday, November 2nd.

Shake Shack (SHAK) opened at $41.78 on Thursday. Shake Shack has a 1-year low of $30.12 and a 1-year high of $43.04. The stock has a market cap of $1,554.00, a price-to-earnings ratio of 75.55, a price-to-earnings-growth ratio of 3.66 and a beta of 1.43.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Shake Shack had a net margin of 4.78% and a return on equity of 9.42%. The business had revenue of $94.60 million for the quarter, compared to analyst estimates of $94.17 million. During the same period in the previous year, the company earned $0.15 earnings per share. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. analysts predict that Shake Shack will post 0.52 EPS for the current fiscal year.

In other news, Director Jonathan D. Sokoloff sold 522,867 shares of Shake Shack stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $40.32, for a total transaction of $21,081,997.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey Flug sold 39,619 shares of Shake Shack stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $31.40, for a total transaction of $1,244,036.60. Following the sale, the director now owns 4,415 shares of the company’s stock, valued at $138,631. The disclosure for this sale can be found here. Insiders have sold 748,566 shares of company stock valued at $29,047,300 over the last quarter. Insiders own 34.91% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. lifted its position in Shake Shack by 0.3% during the second quarter. Alps Advisors Inc. now owns 15,588 shares of the company’s stock valued at $544,000 after purchasing an additional 41 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in Shake Shack by 6.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,380 shares of the company’s stock valued at $153,000 after purchasing an additional 280 shares during the period. Louisiana State Employees Retirement System lifted its position in Shake Shack by 4.1% during the second quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the company’s stock valued at $265,000 after purchasing an additional 300 shares during the period. Dimensional Fund Advisors LP lifted its position in Shake Shack by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 101,162 shares of the company’s stock valued at $3,529,000 after purchasing an additional 320 shares during the period. Finally, Arizona State Retirement System lifted its position in Shake Shack by 4.3% during the second quarter. Arizona State Retirement System now owns 9,700 shares of the company’s stock valued at $338,000 after purchasing an additional 400 shares during the period. Institutional investors own 83.51% of the company’s stock.

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About Shake Shack

Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.

Analyst Recommendations for Shake Shack (NYSE:SHAK)

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