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

Shares of Shake Shack Inc. (NYSE:SHAK) have received an average recommendation of “Hold” from the twenty-one analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $97.59.

A number of research firms recently commented on SHAK. Piper Sandler boosted their price target on Shake Shack from $122.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, March 4th. Barclays upped their target price on shares of Shake Shack from $86.00 to $100.00 in a research report on Friday, February 26th. Cowen reduced their price target on shares of Shake Shack from $97.00 to $93.00 and set a “market perform” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Shake Shack from $107.00 to $95.00 and set a “hold” rating for the company in a report on Monday, May 10th. Finally, JPMorgan Chase & Co. dropped their price target on Shake Shack from $90.00 to $80.00 and set an “underweight” rating for the company in a research note on Monday, April 19th.

SHAK traded up $3.77 during trading on Monday, hitting $83.25. The company’s stock had a trading volume of 1,349,021 shares, compared to its average volume of 858,251. The business’s 50 day simple moving average is $108.87 and its 200-day simple moving average is $101.55. The firm has a market cap of $3.49 billion, a PE ratio of -124.25, a P/E/G ratio of 35.53 and a beta of 1.78. Shake Shack has a one year low of $47.12 and a one year high of $138.38.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, May 6th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.13. Shake Shack had a negative return on equity of 5.11% and a negative net margin of 4.80%. The firm had revenue of $155.30 million for the quarter, compared to the consensus estimate of $160.89 million. During the same quarter last year, the company earned $0.02 earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. Analysts expect that Shake Shack will post -0.67 earnings per share for the current fiscal year.

In other Shake Shack news, Director Jenna Lyons sold 1,548 shares of the stock in a transaction on Friday, April 16th. The stock was sold at an average price of $118.78, for a total value of $183,871.44. Following the sale, the director now owns 2,249 shares in the company, valued at $267,136.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Daniel Harris Meyer sold 110,000 shares of Shake Shack stock in a transaction on Monday, March 1st. The stock was sold at an average price of $116.53, for a total value of $12,818,300.00. Following the sale, the director now owns 985 shares of the company’s stock, valued at $114,782.05. The disclosure for this sale can be found here. 14.98% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. Simon Quick Advisors LLC bought a new position in shares of Shake Shack during the 4th quarter worth $29,000. KBC Group NV bought a new position in Shake Shack during the 4th quarter worth about $42,000. Sowell Financial Services LLC increased its position in Shake Shack by 88.7% during the 1st quarter. Sowell Financial Services LLC now owns 436 shares of the company’s stock valued at $46,000 after purchasing an additional 205 shares during the period. Vantage Consulting Group Inc bought a new stake in shares of Shake Shack in the 4th quarter valued at about $49,000. Finally, Hanseatic Management Services Inc. purchased a new stake in shares of Shake Shack in the 1st quarter worth approximately $54,000. Institutional investors and hedge funds own 89.61% 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, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 30, 2020, it operated 311 Shacks, including 183 domestic company-operated Shacks, 22 domestic licensed Shacks, and 106 international licensed Shacks.

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Analyst Recommendations for Shake Shack (NYSE:SHAK)

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