Other analysts have also recently issued reports about the company. Barclays PLC cut their price objective on Shake Shack from $35.00 to $34.00 and set an equal weight rating for the company in a research report on Friday, August 4th. SunTrust Banks, Inc. restated a buy rating on shares of Shake Shack in a research report on Monday, August 21st. BidaskClub upgraded Shake Shack from a sell rating to a hold rating in a research report on Tuesday, October 3rd. Cowen and Company restated a hold rating and issued a $35.00 price objective on shares of Shake Shack in a research report on Tuesday, September 12th. Finally, TheStreet upgraded Shake Shack from a d rating to a c- rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Shake Shack presently has a consensus rating of Hold and an average target price of $37.33.
Shares of Shake Shack (NYSE:SHAK) traded up $0.59 during trading hours on Thursday, reaching $37.80. The company’s stock had a trading volume of 399,298 shares, compared to its average volume of 715,615. The firm has a market capitalization of $1,370.00 and a P/E ratio of 66.66. Shake Shack has a one year low of $30.12 and a one year high of $39.70.
Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $94.60 million during the quarter, compared to analysts’ expectations of $94.17 million. Shake Shack had a return on equity of 9.42% and a net margin of 4.78%. The business’s revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. equities analysts expect that Shake Shack will post 0.52 EPS for the current fiscal year.
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In other Shake Shack news, Director Jeffrey Flug sold 4,800 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $30.96, for a total value of $148,608.00. Following the completion of the sale, the director now directly owns 4,415 shares in the company, valued at approximately $136,688.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Randall J. Garutti sold 8,000 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $31.12, for a total value of $248,960.00. Following the completion of the sale, the chief executive officer now owns 18,961 shares of the company’s stock, valued at $590,066.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 272,030 shares of company stock valued at $9,354,722. 34.91% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. Neuberger Berman Group LLC grew its holdings in Shake Shack by 8.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 72,800 shares of the company’s stock valued at $2,419,000 after buying an additional 5,700 shares in the last quarter. Sylebra HK Co Ltd lifted its stake in shares of Shake Shack by 2.6% in the 3rd quarter. Sylebra HK Co Ltd now owns 1,001,849 shares of the company’s stock valued at $33,291,000 after purchasing an additional 25,546 shares during the last quarter. OxFORD Asset Management LLP acquired a new position in shares of Shake Shack in the 3rd quarter valued at $1,423,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Shake Shack in the 3rd quarter valued at $414,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Shake Shack by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 102,486 shares of the company’s stock valued at $3,406,000 after purchasing an additional 1,324 shares during the last quarter. Institutional investors own 85.06% of the company’s stock.
About Shake Shack
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.
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