Shake Shack Inc. (NYSE:SHAK) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Shake Shack Inc. (NYSE:SHAK) have earned a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $123.20.

Several equities research analysts have issued reports on the company. Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research report on Wednesday, January 8th. Oppenheimer boosted their price objective on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price on Shake Shack from $107.00 to $105.00 and set an “underweight” rating for the company in a research note on Thursday, March 20th. Wedbush upped their price target on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Finally, UBS Group raised their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th.

Shake Shack Trading Down 3.7 %

Shares of Shake Shack stock opened at $75.71 on Friday. The stock has a market capitalization of $3.22 billion, a P/E ratio of 329.17 and a beta of 1.80. Shake Shack has a 52-week low of $72.93 and a 52-week high of $139.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The stock’s 50-day simple moving average is $99.59 and its 200 day simple moving average is $114.07.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $328.68 million for the quarter, compared to analyst estimates of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. As a group, research analysts anticipate that Shake Shack will post 1.26 EPS for the current year.

Institutional Trading of Shake Shack

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nemes Rush Group LLC bought a new stake in Shake Shack in the fourth quarter valued at approximately $29,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Shake Shack in the fourth quarter worth $32,000. Transcendent Capital Group LLC purchased a new position in shares of Shake Shack in the fourth quarter worth $52,000. R Squared Ltd purchased a new stake in Shake Shack in the 4th quarter worth approximately $56,000. Finally, Montag & Caldwell LLC bought a new stake in shares of Shake Shack in the 4th quarter worth approximately $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.