Deutsche Bank Aktiengesellschaft Reaffirms “Hold” Rating for Shake Shack (NYSE:SHAK)

Shake Shack (NYSE:SHAK)‘s stock had its “hold” rating reissued by stock analysts at Deutsche Bank Aktiengesellschaft in a report issued on Wednesday, Benzinga reports. They presently have a $115.00 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 7.06% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. TD Cowen reissued a “buy” rating and set a $125.00 target price on shares of Shake Shack in a report on Thursday, August 1st. JPMorgan Chase & Co. upped their price objective on shares of Shake Shack from $102.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, June 3rd. BTIG Research increased their price objective on shares of Shake Shack from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Barclays lifted their target price on shares of Shake Shack from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Finally, Wedbush reissued a “neutral” rating and issued a $90.00 price target on shares of Shake Shack in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $106.37.

Shake Shack Stock Performance

Shares of SHAK opened at $107.42 on Wednesday. The company has a market cap of $4.54 billion, a PE ratio of 195.31, a price-to-earnings-growth ratio of 3.28 and a beta of 1.75. The firm has a 50-day moving average of $92.46 and a 200-day moving average of $96.95. Shake Shack has a one year low of $52.79 and a one year high of $111.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.06 and a quick ratio of 2.03.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The business had revenue of $316.50 million during the quarter, compared to the consensus estimate of $314.37 million. Shake Shack had a net margin of 2.23% and a return on equity of 5.63%. Shake Shack’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. As a group, equities analysts forecast that Shake Shack will post 0.73 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Katherine Irene Fogertey sold 963 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $96.03, for a total transaction of $92,476.89. Following the completion of the sale, the chief financial officer now owns 37,464 shares of the company’s stock, valued at $3,597,667.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Katherine Irene Fogertey sold 963 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $96.03, for a total transaction of $92,476.89. Following the completion of the transaction, the chief financial officer now owns 37,464 shares of the company’s stock, valued at approximately $3,597,667.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel Harris Meyer sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $110.24, for a total value of $1,102,400.00. Following the transaction, the director now directly owns 470,437 shares of the company’s stock, valued at approximately $51,860,974.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,892 shares of company stock worth $1,279,534. Company insiders own 9.73% of the company’s stock.

Hedge Funds Weigh In On Shake Shack

A number of hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in shares of Shake Shack in the 1st quarter worth about $25,000. GAMMA Investing LLC bought a new position in Shake Shack during the fourth quarter worth $32,000. Quest Partners LLC acquired a new stake in Shake Shack in the second quarter worth $38,000. Kimelman & Baird LLC acquired a new stake in Shake Shack in the second quarter worth $45,000. Finally, Covestor Ltd increased its stake in Shake Shack by 32,150.0% in the first quarter. Covestor Ltd now owns 645 shares of the company’s stock valued at $67,000 after purchasing an additional 643 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

About Shake Shack

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.