Shake Shack, Inc. (NYSE:SHAK – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-eight research firms that are currently covering the company, MarketBeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $89.7083.
SHAK has been the subject of a number of recent analyst reports. Zacks Research upgraded Shake Shack from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. TD Cowen reissued a “hold” rating on shares of Shake Shack in a research note on Wednesday, August 5th. Royal Bank Of Canada initiated coverage on shares of Shake Shack in a report on Tuesday, September 8th. They issued an “outperform” rating and a $89.00 price target for the company. BTIG Research restated a “neutral” rating on shares of Shake Shack in a research report on Wednesday, May 20th. Finally, Weiss Ratings upgraded shares of Shake Shack from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday.
Get Our Latest Stock Analysis on SHAK
Shake Shack Trading Up 0.1%
Shake Shack (NYSE:SHAK – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.12. Shake Shack had a net margin of 2.56% and a return on equity of 9.29%. The firm had revenue of $417.62 million during the quarter, compared to analysts’ expectations of $417.18 million. During the same quarter last year, the company posted $0.44 earnings per share. The firm’s revenue was up 17.2% compared to the same quarter last year. Sell-side analysts anticipate that Shake Shack will post 1.12 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Glenview Trust co boosted its holdings in shares of Shake Shack by 1.5% in the 2nd quarter. Glenview Trust co now owns 6,925 shares of the company’s stock valued at $974,000 after purchasing an additional 100 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Shake Shack by 42.2% during the 4th quarter. UMB Bank n.a. now owns 391 shares of the company’s stock worth $32,000 after buying an additional 116 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in Shake Shack by 2.1% in the fourth quarter. Maryland State Retirement & Pension System now owns 5,905 shares of the company’s stock valued at $479,000 after acquiring an additional 119 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Shake Shack by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,186 shares of the company’s stock valued at $746,000 after acquiring an additional 150 shares during the last quarter. Finally, Hilton Head Capital Partners LLC grew its position in Shake Shack by 65.0% during the first quarter. Hilton Head Capital Partners LLC now owns 513 shares of the company’s stock valued at $45,000 after acquiring an additional 202 shares during the period. 86.07% of the stock is owned by hedge funds and other institutional investors.
About Shake Shack
Shake Shack Inc (NYSE: SHAK) operates a global chain of fast-casual restaurants known for made-to-order burgers, chicken sandwiches, hot dogs, crinkle-cut fries, frozen custard, shakes, and other beverages. Its menu also includes beer and wine at select locations, with an emphasis on premium ingredients and hospitality-focused service.
The company traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 as part of a park revitalization project. The first permanent Shake Shack restaurant opened in the park in 2004.
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