Shake Shack’s (SHAK) Buy Rating Reiterated at TD Securities

TD Securities reissued their buy rating on shares of Shake Shack (NYSE:SHAK) in a research note released on Friday morning,Benzinga reports. TD Securities currently has a $140.00 target price on the stock.

Several other equities research analysts have also issued reports on SHAK. Oppenheimer lifted their price target on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Wedbush boosted their target price on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday. Truist Financial reduced their price target on shares of Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Barclays upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $125.00 to $159.00 in a report on Tuesday, January 7th. Finally, Stifel Nicolaus reduced their target price on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $125.50.

Shake Shack Stock Down 11.9 %

SHAK stock opened at $108.96 on Friday. The company’s 50 day moving average is $121.79 and its 200 day moving average is $116.52. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 473.73 and a beta of 1.86. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. Shake Shack has a 1-year low of $77.50 and a 1-year high of $139.89.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The firm had revenue of $328.68 million for the quarter, compared to analyst estimates of $329.02 million. Sell-side analysts predict that Shake Shack will post 1.26 EPS for the current fiscal year.

Insider Activity at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total transaction of $88,281.42. Following the sale, the chief financial officer now directly owns 30,717 shares in the company, valued at $4,223,894.67. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Shake Shack

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHAK. Nemes Rush Group LLC purchased a new position in Shake Shack during the 4th quarter valued at about $29,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Shake Shack during the fourth quarter valued at approximately $32,000. Transcendent Capital Group LLC purchased a new stake in shares of Shake Shack in the 4th quarter worth approximately $52,000. R Squared Ltd bought a new position in Shake Shack during the 4th quarter valued at approximately $56,000. Finally, Montag & Caldwell LLC purchased a new position in Shake Shack during the fourth quarter valued at $68,000. Hedge funds and other institutional investors own 86.07% 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, 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.