Analysts Set Shake Shack, Inc. (NYSE:SHAK) PT at $116.52

Shake Shack, Inc. (NYSE:SHAK) has received an average recommendation of “Hold” from the twenty-five brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $116.5238.

SHAK has been the subject of several research analyst reports. Stifel Nicolaus dropped their price objective on Shake Shack from $110.00 to $105.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Morgan Stanley raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $115.00 to $125.00 in a research note on Tuesday, January 20th. Oppenheimer set a $145.00 price target on shares of Shake Shack in a report on Friday, October 31st. Wells Fargo & Company lowered their price objective on shares of Shake Shack from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Finally, Zacks Research cut Shake Shack from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th.

Insider Activity at Shake Shack

In related news, insider Stephanie Ann Sentell sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $85.14, for a total transaction of $93,654.00. Following the transaction, the insider directly owned 9,907 shares of the company’s stock, valued at approximately $843,481.98. This trade represents a 9.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders sold 1,500 shares of company stock worth $130,648. 8.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shake Shack

A number of large investors have recently bought and sold shares of the stock. Swedbank AB bought a new stake in Shake Shack during the 4th quarter valued at $84,092,000. Holocene Advisors LP bought a new stake in shares of Shake Shack in the second quarter worth about $115,432,000. Wellington Management Group LLP increased its holdings in Shake Shack by 21.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company’s stock valued at $242,535,000 after purchasing an additional 450,406 shares during the period. Marshall Wace LLP raised its position in Shake Shack by 285.2% during the 3rd quarter. Marshall Wace LLP now owns 586,999 shares of the company’s stock valued at $54,949,000 after purchasing an additional 434,625 shares during the last quarter. Finally, Jennison Associates LLC raised its position in Shake Shack by 57.1% during the 2nd quarter. Jennison Associates LLC now owns 593,971 shares of the company’s stock valued at $83,512,000 after purchasing an additional 215,984 shares during the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.

Shake Shack Price Performance

Shake Shack stock traded up $0.25 during midday trading on Thursday, reaching $94.73. 121,957 shares of the stock were exchanged, compared to its average volume of 1,565,832. The company’s fifty day moving average is $87.51 and its 200-day moving average is $96.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.81 and a current ratio of 1.84. Shake Shack has a 52 week low of $72.93 and a 52 week high of $144.65. The firm has a market cap of $4.04 billion, a PE ratio of 92.79, a PEG ratio of 2.86 and a beta of 1.75.

About Shake Shack

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.