Shake Shack, Inc. (SHAK) Receives Average Recommendation of “Hold” from Analysts

Shake Shack, Inc. (NYSE:SHAK) has earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $37.33.

Several equities analysts have recently weighed in on the company. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $50.00 price target on shares of Shake Shack in a research report on Friday, November 3rd. Barclays PLC lifted their price target on Shake Shack from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Morgan Stanley lifted their price target on Shake Shack from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Cowen and Company lifted their price target on Shake Shack from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, November 2nd. Finally, Wedbush reiterated a “hold” rating and issued a $36.00 price target on shares of Shake Shack in a research report on Thursday, November 2nd.

In other Shake Shack news, Director Jeffrey Flug sold 4,800 shares of Shake Shack stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $30.96, for a total transaction of $148,608.00. Following the completion of the sale, the director now owns 4,415 shares of the company’s stock, valued at $136,688.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Equity Group L.P. Select sold 50,630 shares of Shake Shack stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $36.57, for a total value of $1,851,539.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 246,630 shares of company stock valued at $8,408,412. 34.91% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of SHAK. Prudential Financial Inc. bought a new stake in Shake Shack during the first quarter worth about $1,087,000. American International Group Inc. lifted its stake in Shake Shack by 7.1% during the first quarter. American International Group Inc. now owns 9,667 shares of the company’s stock worth $323,000 after purchasing an additional 637 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Shake Shack during the first quarter worth about $137,000. OppenheimerFunds Inc. bought a new stake in Shake Shack during the first quarter worth about $384,000. Finally, Principal Financial Group Inc. bought a new stake in Shake Shack during the first quarter worth about $4,555,000. 83.94% of the stock is owned by hedge funds and other institutional investors.

Shares of Shake Shack (NYSE SHAK) traded up $1.00 during midday trading on Friday, hitting $38.35. The stock had a trading volume of 737,200 shares, compared to its average volume of 732,554. The stock has a market capitalization of $1,407.87, a PE ratio of 68.48, a PEG ratio of 3.32 and a beta of 1.39. Shake Shack has a one year low of $30.12 and a one year high of $39.70.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company had revenue of $94.60 million during the quarter, compared to analysts’ expectations of $94.17 million. Shake Shack had a return on equity of 9.42% and a net margin of 4.78%. The firm’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. equities analysts anticipate that Shake Shack will post 0.52 EPS for the current fiscal year.

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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’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.

Analyst Recommendations for Shake Shack (NYSE:SHAK)

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