Shake Shack Inc (NYSE:SHAK) Receives Consensus Rating of “Hold” from Analysts

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Shares of Shake Shack Inc (NYSE:SHAK) have received an average recommendation of “Hold” from the seventeen research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $77.07.

Several research firms have recently weighed in on SHAK. Stifel Nicolaus reduced their price objective on Shake Shack from $80.00 to $60.00 in a research report on Tuesday, November 5th. Piper Jaffray Companies reduced their price objective on Shake Shack from $109.00 to $97.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. TheStreet cut Shake Shack from a “b-” rating to a “c” rating in a research report on Tuesday, November 5th. Wedbush reaffirmed a “neutral” rating and set a $75.00 price objective (down from $84.00) on shares of Shake Shack in a research report on Tuesday, November 5th. Finally, SunTrust Banks reduced their price objective on Shake Shack from $85.00 to $82.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st.

SHAK stock opened at $73.28 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.02. The stock has a market capitalization of $2.75 billion, a P/E ratio of 112.74, a P/E/G ratio of 5.78 and a beta of 1.08. The business has a 50-day moving average of $66.70 and a 200-day moving average of $78.06. Shake Shack has a fifty-two week low of $49.28 and a fifty-two week high of $105.84.

In related news, Director Jonathan D. Sokoloff sold 337,857 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $60.28, for a total transaction of $20,366,019.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 21.85% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. increased its position in Shake Shack by 263.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,362 shares of the company’s stock worth $98,000 after buying an additional 987 shares during the period. Royal Bank of Canada increased its position in Shake Shack by 59.4% in the 2nd quarter. Royal Bank of Canada now owns 7,118 shares of the company’s stock worth $514,000 after buying an additional 2,653 shares during the period. BlackRock Inc. increased its position in Shake Shack by 6.1% in the 2nd quarter. BlackRock Inc. now owns 3,899,216 shares of the company’s stock worth $281,523,000 after buying an additional 224,817 shares during the period. Navellier & Associates Inc bought a new position in Shake Shack in the 3rd quarter worth approximately $241,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Shake Shack by 11.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,674 shares of the company’s stock worth $164,000 after buying an additional 166 shares during the period. 82.78% of the stock is owned by hedge funds and other institutional investors.

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.

See Also: Cost of Debt

Analyst Recommendations for Shake Shack (NYSE:SHAK)

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