Shake Shack Inc. (NYSE:SHAK) Receives $115.56 Average Target Price from Analysts

Shake Shack Inc. (NYSE:SHAK) has been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $115.56.

Several research analysts have recently commented on SHAK shares. Truist Financial lifted their price target on shares of Shake Shack from $144.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, December 19th. TD Cowen reaffirmed a “buy” rating and set a $125.00 target price on shares of Shake Shack in a report on Wednesday, September 18th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $102.00 price target (down from $105.00) on shares of Shake Shack in a research report on Tuesday, September 24th. Oppenheimer boosted their price objective on Shake Shack from $122.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, Barclays increased their target price on Shake Shack from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st.

Insider Activity at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 642 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the completion of the transaction, the chief financial officer now owns 30,717 shares in the company, valued at approximately $4,223,894.67. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel Harris Meyer sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $110.08, for a total transaction of $1,100,800.00. Following the completion of the sale, the director now owns 460,337 shares in the company, valued at $50,673,896.96. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,654 shares of company stock worth $7,700,492 over the last quarter. 9.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC acquired a new stake in shares of Shake Shack during the 2nd quarter valued at $38,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Shake Shack during the third quarter worth $41,000. Kimelman & Baird LLC purchased a new stake in shares of Shake Shack during the second quarter valued at $45,000. Covestor Ltd boosted its position in shares of Shake Shack by 41.6% in the 3rd quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after purchasing an additional 205 shares during the period. Finally, KBC Group NV increased its stake in Shake Shack by 24.1% in the 3rd quarter. KBC Group NV now owns 1,206 shares of the company’s stock worth $124,000 after purchasing an additional 234 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Trading Up 0.1 %

NYSE:SHAK opened at $132.55 on Wednesday. The company has a market cap of $5.63 billion, a PE ratio of 779.71, a P/E/G ratio of 2.83 and a beta of 1.85. The business’s 50 day moving average is $126.71 and its two-hundred day moving average is $107.47. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51. Shake Shack has a 52 week low of $64.16 and a 52 week high of $139.89.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.05. The firm had revenue of $316.92 million for the quarter, compared to analysts’ expectations of $316.03 million. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the business posted $0.17 earnings per share. On average, analysts predict that Shake Shack will post 0.82 EPS for the current year.

About Shake Shack

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.