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

Shake Shack (NYSE:SHAK)‘s stock had its “hold” rating reissued by investment analysts at TD Securities in a research note issued to investors on Monday,Benzinga reports. They currently have a $105.00 target price on the stock. TD Securities’ price target would suggest a potential downside of 10.31% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Robert W. Baird increased their price objective on Shake Shack from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Wells Fargo & Company initiated coverage on Shake Shack in a report on Wednesday, March 26th. They set an “equal weight” rating and a $95.00 price target for the company. Raymond James reiterated a “strong-buy” rating and set a $140.00 price target (down from $145.00) on shares of Shake Shack in a research note on Friday, May 2nd. Oppenheimer cut their price target on shares of Shake Shack from $155.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, Wedbush lifted their price objective on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $113.40.

Shake Shack Stock Down 0.2%

Shares of NYSE:SHAK opened at $117.07 on Monday. The stock has a market cap of $5.00 billion, a P/E ratio of 509.00 and a beta of 1.61. The firm has a fifty day moving average price of $92.49 and a 200 day moving average price of $111.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. Shake Shack has a 1-year low of $72.93 and a 1-year high of $139.89.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, May 1st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The business had revenue of $320.90 million during the quarter, compared to analysts’ expectations of $330.24 million. During the same period in the previous year, the company posted $0.13 earnings per share. Shake Shack’s quarterly revenue was up 10.5% on a year-over-year basis. Sell-side analysts predict that Shake Shack will post 1.26 EPS for the current year.

Institutional Trading of Shake Shack

Several large investors have recently bought and sold shares of SHAK. Driehaus Capital Management LLC acquired a new position in shares of Shake Shack during the 4th quarter worth $66,349,000. Nuveen LLC purchased a new position in Shake Shack during the 1st quarter valued at about $42,802,000. Ameriprise Financial Inc. raised its position in Shake Shack by 144.3% during the first quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company’s stock worth $69,805,000 after acquiring an additional 467,748 shares during the last quarter. Invesco Ltd. raised its position in Shake Shack by 30.7% during the fourth quarter. Invesco Ltd. now owns 1,245,093 shares of the company’s stock worth $161,613,000 after acquiring an additional 292,348 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. purchased a new stake in shares of Shake Shack in the fourth quarter valued at about $26,756,000. Institutional investors and hedge funds 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.