Shake Shack (SHAK) Rating Increased to Buy at ValuEngine

Shake Shack (NYSE:SHAK) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other equities research analysts also recently issued reports on the company. TheStreet downgraded Shake Shack from a “c” rating to a “d+” rating in a research report on Friday, March 16th. Barclays lowered their price target on Shake Shack from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Friday, February 16th. SunTrust Banks set a $54.00 price target on Shake Shack and gave the company a “buy” rating in a research report on Friday, February 16th. Wedbush reaffirmed a “hold” rating and issued a $38.00 price target on shares of Shake Shack in a research report on Friday, February 16th. Finally, Jefferies Group downgraded Shake Shack from a “hold” rating to an “underperform” rating and set a $36.00 price target on the stock. in a research report on Saturday, December 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $40.81.

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Shares of NYSE:SHAK opened at $43.15 on Friday. The stock has a market capitalization of $1,534.05, a PE ratio of 75.70, a price-to-earnings-growth ratio of 4.06 and a beta of 1.29. Shake Shack has a 52-week low of $30.12 and a 52-week high of $47.39.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The company had revenue of $96.14 million for the quarter, compared to the consensus estimate of $92.80 million. Shake Shack had a positive return on equity of 9.47% and a negative net margin of 0.63%. The firm’s revenue was up 31.2% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. sell-side analysts predict that Shake Shack will post 0.46 EPS for the current year.

In other Shake Shack news, CEO Randall J. Garutti sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $41.01, for a total transaction of $820,200.00. Following the completion of the transaction, the chief executive officer now owns 38,041 shares in the company, valued at $1,560,061.41. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Zach Koff sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $40.98, for a total transaction of $122,940.00. Following the transaction, the chief operating officer now owns 6,978 shares of the company’s stock, valued at approximately $285,958.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 388,000 shares of company stock valued at $15,948,997. 34.91% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in SHAK. Municipal Employees Retirement System of Michigan lifted its stake in Shake Shack by 58.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the company’s stock worth $231,000 after purchasing an additional 2,580 shares during the period. Wells Fargo & Company MN lifted its stake in Shake Shack by 52.0% during the third quarter. Wells Fargo & Company MN now owns 24,979 shares of the company’s stock worth $830,000 after purchasing an additional 8,544 shares during the period. Dimensional Fund Advisors LP lifted its stake in Shake Shack by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 102,486 shares of the company’s stock worth $3,406,000 after purchasing an additional 1,324 shares during the period. Commerzbank Aktiengesellschaft FI bought a new position in Shake Shack during the third quarter worth about $414,000. Finally, OxFORD Asset Management LLP bought a new position in Shake Shack during the third quarter worth about $1,423,000. Hedge funds and other institutional investors own 82.42% of the company’s stock.

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About Shake Shack

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 27, 2017, it had 159 Shacks, including 90 domestic company-operated Shacks, 10 domestic licensed Shacks, and 59 international licensed Shacks.

Analyst Recommendations for Shake Shack (NYSE:SHAK)

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