Shake Shack, Inc. (NYSE:SHAK) Receives $120.52 Consensus Price Target from Analysts

by · The Cerbat Gem

Shake Shack, Inc. (NYSE:SHAK – Get Free Report) has earned an average recommendation of “Hold” from the twenty-four research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $120.5238.

Several equities analysts recently weighed in on SHAK shares. Stifel Nicolaus cut their price objective on shares of Shake Shack from $110.00 to $105.00 and set a “hold” rating on the stock in a report on Friday, October 31st. Raymond James Financial reissued a “strong-buy” rating on shares of Shake Shack in a research note on Tuesday, November 25th. Bank of America restated an “underperform” rating and issued a $86.00 price target (down from $148.00) on shares of Shake Shack in a research report on Monday, October 6th. Mizuho upgraded Shake Shack to a “hold” rating in a report on Tuesday, October 28th. Finally, Wells Fargo & Company reduced their target price on Shake Shack from $125.00 to $100.00 and set an “equal weight” rating on the stock in a report on Thursday, October 16th.

Read Our Latest Report on SHAK

Insiders Place Their Bets

In related news, insider Stephanie Ann Sentell sold 1,100 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $85.14, for a total transaction of $93,654.00. Following the completion of the transaction, the insider owned 9,907 shares in the company, valued at approximately $843,481.98. The trade was a 9.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Shake Shack

Hedge funds have recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in shares of Shake Shack in the 2nd quarter valued at $31,000. Parallel Advisors LLC grew its stake in Shake Shack by 679.4% in the second quarter. Parallel Advisors LLC now owns 265 shares of the company’s stock valued at $37,000 after acquiring an additional 231 shares during the period. Geneos Wealth Management Inc. acquired a new position in Shake Shack in the first quarter valued at about $26,000. Global Retirement Partners LLC increased its holdings in shares of Shake Shack by 83.7% in the third quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock worth $31,000 after acquiring an additional 149 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Shake Shack during the third quarter worth about $38,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Shake Shack Trading Up 5.0%

SHAK stock opened at $83.15 on Wednesday. The business has a fifty day moving average price of $88.98 and a 200 day moving average price of $108.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.84 and a quick ratio of 1.81. Shake Shack has a fifty-two week low of $72.93 and a fifty-two week high of $144.65. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 81.52, a P/E/G ratio of 2.06 and a beta of 1.67.

Shake Shack (NYSE:SHAK – Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. The company had revenue of $367.41 million during the quarter, compared to the consensus estimate of $363.69 million. Shake Shack had a net margin of 3.10% and a return on equity of 10.43%. The company’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. Analysts expect that Shake Shack will post 1.26 EPS for the current fiscal year.

Shake Shack Company Profile

(Get Free Report)

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.

Featured Articles