BNP Paribas Exane Begins Coverage on Shake Shack (NYSE:SHAK)

Stock analysts at BNP Paribas Exane started coverage on shares of Shake Shack (NYSE:SHAK) in a research report issued on Monday. The brokerage set an “outperform” rating and a $124.00 price target on the stock. BNP Paribas Exane’s target price would indicate a potential upside of 52.42% from the stock’s current price.

SHAK has been the topic of several other reports. DA Davidson started coverage on Shake Shack in a research note on Friday, March 6th. They issued a “buy” rating and a $125.00 target price on the stock. Raymond James Financial set a $140.00 price target on Shake Shack in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Tuesday, January 6th. Wolfe Research began coverage on shares of Shake Shack in a research note on Monday, March 9th. They issued an “outperform” rating and a $118.00 price objective on the stock. Finally, TD Cowen upped their price objective on shares of Shake Shack from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Shake Shack presently has a consensus rating of “Hold” and an average price target of $116.96.

Shake Shack Trading Up 0.0%

NYSE SHAK opened at $81.35 on Monday. The firm’s fifty day moving average is $92.03 and its two-hundred day moving average is $90.82. Shake Shack has a one year low of $72.93 and a one year high of $144.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.76. The firm has a market cap of $3.47 billion, a PE ratio of 74.64, a P/E/G ratio of 4.38 and a beta of 1.73.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, February 26th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. The business had revenue of $400.53 million during the quarter, compared to the consensus estimate of $402.06 million. Shake Shack had a net margin of 3.16% and a return on equity of 11.08%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Analysts expect that Shake Shack will post 1.26 earnings per share for the current year.

Institutional Trading of Shake Shack

A number of institutional investors have recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC purchased a new position in Shake Shack in the fourth quarter valued at about $25,000. Geneos Wealth Management Inc. purchased a new stake in shares of Shake Shack during the 1st quarter worth approximately $26,000. Assetmark Inc. grew its holdings in shares of Shake Shack by 457.6% in the 4th quarter. Assetmark Inc. now owns 368 shares of the company’s stock worth $30,000 after acquiring an additional 302 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Shake Shack by 83.7% in the 3rd quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock worth $31,000 after acquiring an additional 149 shares during the period. Finally, UMB Bank n.a. increased its stake in Shake Shack by 42.2% in the 4th quarter. UMB Bank n.a. now owns 391 shares of the company’s stock valued at $32,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

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.