Shake Shack (SHAK) Upgraded by BidaskClub to Strong-Buy

Shake Shack (NYSE:SHAK) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, November 14th.

A number of other equities research analysts have also commented on the company. Zacks Investment Research lowered Shake Shack from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. SunTrust Banks restated a “buy” rating and issued a $48.00 price objective on shares of Shake Shack in a research report on Thursday, October 12th. Cowen upped their price objective on Shake Shack from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, November 2nd. Wedbush restated an “outperform” rating and issued a $40.00 price objective (down previously from $43.00) on shares of Shake Shack in a research report on Sunday, July 30th. Finally, Barclays lowered their price objective on Shake Shack from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $37.33.

Shares of Shake Shack (NYSE SHAK) traded down $0.31 during trading on Tuesday, reaching $40.79. 658,461 shares of the company’s stock were exchanged, compared to its average volume of 613,627. Shake Shack has a fifty-two week low of $30.12 and a fifty-two week high of $41.24. The company has a market capitalization of $1,498.18, a P/E ratio of 72.84, a PEG ratio of 3.53 and a beta of 1.42.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The firm had revenue of $94.60 million for the quarter, compared to the consensus estimate of $94.17 million. Shake Shack had a net margin of 4.78% and a return on equity of 9.42%. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share. sell-side analysts forecast that Shake Shack will post 0.52 EPS for the current fiscal year.

In other Shake Shack news, Director Jeffrey Flug sold 16,531 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $31.17, for a total value of $515,271.27. Following the completion of the sale, the director now directly owns 4,415 shares of the company’s stock, valued at approximately $137,615.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Peggy Rubenzer sold 5,400 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $37.90, for a total value of $204,660.00. Following the completion of the sale, the senior vice president now directly owns 22,815 shares of the company’s stock, valued at $864,688.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 765,097 shares of company stock valued at $29,562,571. 34.91% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of SHAK. Prudential Financial Inc. acquired a new stake in shares of Shake Shack during the 1st quarter worth about $1,087,000. American International Group Inc. increased its position in shares of Shake Shack by 7.1% during the 1st quarter. American International Group Inc. now owns 9,667 shares of the company’s stock worth $323,000 after purchasing an additional 637 shares during the last quarter. OppenheimerFunds Inc. acquired a new stake in shares of Shake Shack during the 1st quarter worth about $384,000. Principal Financial Group Inc. acquired a new stake in shares of Shake Shack during the 1st quarter worth about $4,555,000. Finally, Teachers Advisors LLC boosted its holdings in Shake Shack by 2.6% during the 1st quarter. Teachers Advisors LLC now owns 26,671 shares of the company’s stock valued at $891,000 after acquiring an additional 688 shares during the period. 83.49% of the stock is owned by hedge funds and other institutional investors.

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Shake Shack Company Profile

Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.

Analyst Recommendations for Shake Shack (NYSE:SHAK)

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