Shake Shack Inc. (NYSE:SHAK) has been given an average recommendation of “Hold” by the fourteen analysts that are covering the stock. Three investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $40.60.
A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Shake Shack from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. SunTrust Banks Inc. raised Shake Shack from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $40.87 to $48.00 in a report on Thursday, August 11th. Wedbush reissued an “underperform” rating and issued a $30.00 price objective on shares of Shake Shack in a report on Thursday, August 11th. Vetr downgraded Shake Shack from a “hold” rating to a “sell” rating and set a $37.50 target price for the company. in a research report on Wednesday, July 20th. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $38.00 target price on shares of Shake Shack in a research report on Wednesday, September 28th.
Shares of Shake Shack (NYSE:SHAK) traded up 0.4343% during midday trading on Friday, hitting $32.3499. The stock had a trading volume of 295,718 shares. The company’s 50-day moving average price is $34.61 and its 200-day moving average price is $36.42. The firm has a market cap of $774.88 million, a price-to-earnings ratio of 79.8763 and a beta of 1.15. Shake Shack has a 12-month low of $30.00 and a 12-month high of $53.50.
Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Shake Shack had a return on equity of 8.09% and a net margin of 3.35%. The business earned $66.50 million during the quarter, compared to analyst estimates of $63.07 million. During the same period in the prior year, the company posted $0.09 EPS. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year. Equities research analysts forecast that Shake Shack will post $0.45 EPS for the current year.
In other news, CEO Randall J. Garutti sold 8,000 shares of the stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $32.28, for a total transaction of $258,240.00. Following the completion of the sale, the chief executive officer now owns 11,100 shares in the company, valued at approximately $358,308. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Laura J. Sloate sold 2,500 shares of the stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $42.35, for a total value of $105,875.00. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $423,500. The disclosure for this sale can be found here. Insiders own 44.69% of the company’s stock.
Several large investors have recently made changes to their positions in SHAK. Blair William & Co. IL increased its stake in shares of Shake Shack by 111.6% in the second quarter. Blair William & Co. IL now owns 489,933 shares of the company’s stock worth $17,848,000 after buying an additional 258,341 shares during the period. Neuberger Berman Group LLC raised its stake in Shake Shack by 48.3% in the second quarter. Neuberger Berman Group LLC now owns 19,950 shares of the company’s stock worth $727,000 after buying an additional 6,500 shares during the last quarter. Granite Point Capital Management L.P. acquired a new stake in Shake Shack during the second quarter worth about $10,929,000. Gabelli Funds LLC acquired a new stake in Shake Shack during the second quarter worth about $2,149,000. Finally, California State Teachers Retirement System raised its stake in Shake Shack by 171.1% in the second quarter. California State Teachers Retirement System now owns 32,934 shares of the company’s stock worth $1,200,000 after buying an additional 20,785 shares during the last quarter. Institutional investors own 93.41% of the company’s stock.
Shake Shack Company Profile
Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company has approximately 84 Shacks in over 10 countries and approximately 45 cities. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.
Receive News & Ratings for Shake Shack Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shake Shack Inc. and related companies with MarketBeat.com's FREE daily email newsletter.