Analysts Set Shake Shack Inc. (NYSE:SHAK) PT at $69.22

Shares of Shake Shack Inc. (NYSE:SHAKGet Rating) have received an average rating of “Hold” from the twenty ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $68.78.

SHAK has been the subject of several recent analyst reports. Raymond James raised shares of Shake Shack from an “underperform” rating to a “market perform” rating in a report on Tuesday, May 17th. Cowen decreased their target price on shares of Shake Shack from $52.00 to $48.00 and set a “market perform” rating on the stock in a research report on Friday. Cowen decreased their target price on shares of Shake Shack from $52.00 to $48.00 and set a “market perform” rating on the stock in a research report on Friday. Morgan Stanley cut their price target on shares of Shake Shack from $63.00 to $48.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. Finally, Oppenheimer cut their price target on shares of Shake Shack from $90.00 to $75.00 in a report on Friday, May 6th.

Insider Activity at Shake Shack

In other Shake Shack news, COO Zach Koff sold 5,000 shares of the company’s stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. Following the completion of the transaction, the chief operating officer now owns 31,085 shares in the company, valued at approximately $1,398,825. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Zach Koff sold 5,000 shares of the stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $45.00, for a total value of $225,000.00. Following the sale, the chief operating officer now directly owns 31,085 shares of the company’s stock, valued at approximately $1,398,825. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Daniel Harris Meyer purchased 21,000 shares of the firm’s stock in a transaction on Monday, July 11th. The shares were purchased at an average cost of $39.58 per share, for a total transaction of $831,180.00. Following the completion of the purchase, the director now directly owns 576,364 shares in the company, valued at $22,812,487.12. The disclosure for this purchase can be found here. 9.98% of the stock is owned by insiders.

Institutional Trading of Shake Shack

Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in shares of Shake Shack during the fourth quarter valued at $1,687,000. National Bank of Canada FI acquired a new stake in Shake Shack in the 4th quarter worth approximately $208,000. Janney Montgomery Scott LLC lifted its holdings in Shake Shack by 1,186.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 33,085 shares of the company’s stock worth $2,387,000 after purchasing an additional 30,513 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Shake Shack in the 4th quarter worth approximately $444,000. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Shake Shack by 8.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 34,281 shares of the company’s stock worth $2,474,000 after buying an additional 2,784 shares during the last quarter. Institutional investors and hedge funds own 81.03% of the company’s stock.

Shake Shack Trading Up 1.0 %

NYSE SHAK opened at $51.56 on Wednesday. The stock’s 50-day simple moving average is $44.50 and its two-hundred day simple moving average is $56.48. Shake Shack has a twelve month low of $37.72 and a twelve month high of $100.85. The company has a quick ratio of 3.04, a current ratio of 3.07 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of -99.15 and a beta of 1.60.

Shake Shack (NYSE:SHAKGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.03. Shake Shack had a negative net margin of 2.55% and a negative return on equity of 2.87%. The company had revenue of $203.39 million during the quarter, compared to analyst estimates of $200.64 million. During the same period in the previous year, the business earned $0.04 EPS. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. Research analysts forecast that Shake Shack will post -0.32 EPS for the current fiscal year.

About Shake Shack

(Get Rating)

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 29, 2021, it operated 369 Shacks, including 218 domestic company-operated Shacks, 25 domestic licensed Shacks, and 126 international licensed Shacks.

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Analyst Recommendations for Shake Shack (NYSE:SHAK)

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