Shake Shack (NYSE:SHAK) Coverage Initiated at DA Davidson

Stock analysts at DA Davidson began coverage on shares of Shake Shack (NYSE:SHAK) in a report issued on Friday,Benzinga reports. The firm set a “buy” rating and a $125.00 price target on the stock. DA Davidson’s price objective suggests a potential upside of 28.92% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Raymond James Financial set a $140.00 price objective on shares of Shake Shack in a research note on Wednesday, January 21st. Zacks Research lowered Shake Shack from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Wells Fargo & Company upped their price objective on Shake Shack from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Friday, February 27th. Jefferies Financial Group reiterated a “hold” rating on shares of Shake Shack in a report on Tuesday, November 25th. Finally, Barclays reduced their target price on Shake Shack from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Shake Shack presently has a consensus rating of “Hold” and an average price target of $116.57.

Shake Shack Trading Down 0.5%

Shares of SHAK opened at $96.96 on Friday. The stock’s fifty day simple moving average is $92.10 and its 200-day simple moving average is $92.51. The firm has a market capitalization of $4.14 billion, a PE ratio of 88.95, a price-to-earnings-growth ratio of 5.22 and a beta of 1.73. Shake Shack has a 12-month low of $72.93 and a 12-month high of $144.65. The company has a quick ratio of 1.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.45.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Shake Shack had a return on equity of 11.08% and a net margin of 3.16%.The firm had revenue of $400.53 million during the quarter, compared to analyst estimates of $402.06 million. During the same period last year, the company earned $0.26 earnings per share. The company’s revenue was up 21.8% on a year-over-year basis. As a group, research analysts predict that Shake Shack will post 1.26 earnings per share for the current year.

Institutional Investors Weigh In On Shake Shack

Several large investors have recently modified their holdings of the business. Swedbank AB acquired a new stake in shares of Shake Shack during the fourth quarter worth about $84,092,000. Holocene Advisors LP bought a new stake in Shake Shack during the 2nd quarter worth approximately $115,432,000. Adage Capital Partners GP L.L.C. acquired a new stake in Shake Shack during the 4th quarter worth approximately $40,829,000. Wellington Management Group LLP raised 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 worth $242,535,000 after buying an additional 450,406 shares during the period. Finally, Marshall Wace LLP lifted its stake in Shake Shack by 285.2% in the third quarter. Marshall Wace LLP now owns 586,999 shares of the company’s stock valued at $54,949,000 after buying an additional 434,625 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors.

Shake Shack Company Profile

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.