Shares of Shake Shack Inc (NYSE:SHAK) have been assigned a consensus rating of “Hold” from the fourteen ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $54.11.
A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Shake Shack from a “sell” rating to a “hold” rating in a research note on Tuesday, July 17th. Cowen reiterated a “hold” rating and issued a $59.00 price objective on shares of Shake Shack in a research note on Wednesday, July 25th. Morgan Stanley lifted their target price on Shake Shack from $47.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, July 16th. Wedbush reissued a “hold” rating and set a $62.00 target price on shares of Shake Shack in a research report on Friday, August 3rd. Finally, Stifel Nicolaus started coverage on Shake Shack in a research report on Tuesday, October 9th. They set a “hold” rating and a $65.00 target price on the stock.
Shares of Shake Shack stock traded down $6.11 during trading on Friday, reaching $48.69. The company’s stock had a trading volume of 75,551 shares, compared to its average volume of 659,840. The firm has a market capitalization of $1.96 billion, a PE ratio of 85.16, a PEG ratio of 3.84 and a beta of 1.21. Shake Shack has a one year low of $35.43 and a one year high of $70.12.
Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $119.65 million for the quarter, compared to analyst estimates of $116.81 million. Shake Shack had a return on equity of 10.39% and a net margin of 0.42%. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. On average, analysts predict that Shake Shack will post 0.61 earnings per share for the current year.
In other Shake Shack news, Director Jeffrey Flug sold 50,000 shares of the company’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $59.25, for a total transaction of $2,962,500.00. Following the completion of the sale, the director now owns 4,415 shares in the company, valued at approximately $261,588.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Equity Group L.P. Select sold 57,404 shares of the company’s stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $53.56, for a total transaction of $3,074,558.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,284,560 shares of company stock worth $74,700,300. 30.18% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its holdings in shares of Shake Shack by 15.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,283 shares of the company’s stock valued at $482,000 after buying an additional 981 shares during the period. Advisors Asset Management Inc. boosted its stake in Shake Shack by 50.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,202 shares of the company’s stock worth $212,000 after purchasing an additional 1,077 shares during the period. Legal & General Group Plc boosted its stake in Shake Shack by 4.6% in the 1st quarter. Legal & General Group Plc now owns 35,930 shares of the company’s stock worth $1,485,000 after purchasing an additional 1,589 shares during the period. New York State Common Retirement Fund boosted its stake in Shake Shack by 7.2% in the 1st quarter. New York State Common Retirement Fund now owns 25,200 shares of the company’s stock worth $1,049,000 after purchasing an additional 1,700 shares during the period. Finally, Rehmann Capital Advisory Group acquired a new position in Shake Shack in the 2nd quarter worth $124,000. Institutional investors own 87.50% of the company’s stock.
Shake Shack Company Profile
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 October 9, 2018, it operated 180 locations in 26 U.S.
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