Shares of Shake Shack Inc (NYSE:SHAK) have received an average recommendation of “Hold” from the sixteen ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $74.53.
A number of equities research analysts have issued reports on the company. Wedbush reiterated a “neutral” rating and issued a $75.00 price target (down previously from $84.00) on shares of Shake Shack in a research note on Tuesday, November 5th. Barclays cut their price target on Shake Shack from $70.00 to $66.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. Morgan Stanley cut their price target on Shake Shack from $84.00 to $76.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. Goldman Sachs Group assumed coverage on Shake Shack in a research note on Monday, July 29th. They issued a “buy” rating and a $95.00 price target for the company. Finally, ValuEngine lowered Shake Shack from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.
Shake Shack stock traded down $0.94 during trading on Thursday, reaching $62.06. The company had a trading volume of 2,223,417 shares, compared to its average volume of 888,934. Shake Shack has a 52 week low of $40.67 and a 52 week high of $105.84. The firm’s 50-day simple moving average is $89.51 and its 200 day simple moving average is $78.98. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 87.41, a price-to-earnings-growth ratio of 4.08 and a beta of 1.24. The company has a current ratio of 1.04, a quick ratio of 1.08 and a debt-to-equity ratio of 0.99.
In other news, CEO Randall J. Garutti sold 60,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $103.00, for a total transaction of $6,180,000.00. Following the completion of the transaction, the chief executive officer now owns 90,702 shares in the company, valued at $9,342,306. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Randall J. Garutti sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.54, for a total value of $2,476,200.00. Following the transaction, the chief executive officer now owns 60,702 shares of the company’s stock, valued at approximately $5,010,343.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 188,919 shares of company stock valued at $18,057,001. Company insiders own 21.85% of the company’s stock.
Institutional investors have recently modified their holdings of the company. North Star Investment Management Corp. purchased a new position in Shake Shack in the third quarter worth about $29,000. Steward Partners Investment Advisory LLC grew its position in Shake Shack by 600.0% in the third quarter. Steward Partners Investment Advisory LLC now owns 350 shares of the company’s stock worth $34,000 after acquiring an additional 300 shares in the last quarter. Captrust Financial Advisors purchased a new position in Shake Shack in the second quarter worth about $42,000. Russell Investments Group Ltd. purchased a new position in Shake Shack in the third quarter worth about $82,000. Finally, Kistler Tiffany Companies LLC purchased a new position in Shake Shack in the second quarter worth about $68,000. Hedge funds and other institutional investors own 84.64% 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 December 26, 2018, it operated 208 Shacks, including 124 domestic company-operated Shacks, 12 domestic licensed Shacks, and 72 international licensed Shacks.
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