Shares of Shake Shack Inc (NYSE:SHAK) have been given a consensus recommendation of “Hold” by the fifteen analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $38.94.
SHAK has been the topic of several analyst reports. BidaskClub upgraded Shake Shack from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. SunTrust Banks restated a “buy” rating and set a $48.00 price objective on shares of Shake Shack in a report on Thursday, October 12th. Barclays lifted their price objective on Shake Shack from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Morgan Stanley lifted their price objective on Shake Shack from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Finally, Wedbush restated a “hold” rating and set a $36.00 price objective on shares of Shake Shack in a report on Thursday, November 2nd.
Shake Shack (NYSE:SHAK) traded down $0.08 during mid-day trading on Friday, reaching $43.75. The company’s stock had a trading volume of 514,721 shares, compared to its average volume of 667,405. Shake Shack has a 52 week low of $30.12 and a 52 week high of $47.39. The stock has a market cap of $1,609.83, a P/E ratio of 70.31, a PEG ratio of 3.53 and a beta of 1.43.
Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. Shake Shack had a return on equity of 9.42% and a net margin of 4.78%. The company had revenue of $94.60 million for the quarter, compared to the consensus estimate of $94.17 million. During the same period in the previous year, the business earned $0.15 EPS. Shake Shack’s revenue for the quarter was up 26.8% compared to the same quarter last year. research analysts anticipate that Shake Shack will post 0.52 EPS for the current fiscal year.
In other news, Director Jonathan D. Sokoloff sold 522,867 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $40.32, for a total value of $21,081,997.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Harris Meyer sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $36.27, for a total value of $1,632,150.00. Following the completion of the sale, the director now owns 642 shares of the company’s stock, valued at $23,285.34. The disclosure for this sale can be found here. Insiders sold a total of 1,050,737 shares of company stock valued at $43,465,517 over the last quarter. Company insiders own 34.91% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. grew its stake in Shake Shack by 2.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 83,173 shares of the company’s stock worth $3,594,000 after buying an additional 2,077 shares during the last quarter. Neuberger Berman Group LLC grew its stake in Shake Shack by 8.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 72,800 shares of the company’s stock worth $2,419,000 after buying an additional 5,700 shares during the last quarter. Sylebra HK Co Ltd grew its stake in Shake Shack by 2.6% during the 3rd quarter. Sylebra HK Co Ltd now owns 1,001,849 shares of the company’s stock worth $33,291,000 after buying an additional 25,546 shares during the last quarter. OxFORD Asset Management LLP bought a new position in Shake Shack during the 3rd quarter worth $1,423,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in Shake Shack during the 3rd quarter worth $414,000. Hedge funds and other institutional investors own 83.27% of the company’s stock.
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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.
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