Shake Shack Inc (SHAK) Receives Average Recommendation of “Hold” from Brokerages

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Shares of Shake Shack Inc (NYSE:SHAK) have been given an average recommendation of “Hold” by the thirteen brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $47.37.

A number of analysts have recently commented on the stock. Longbow Research lowered shares of Shake Shack from a “buy” rating to a “neutral” rating and set a $57.96 price target for the company. in a research note on Wednesday, May 23rd. They noted that the move was a valuation call. ValuEngine upgraded shares of Shake Shack from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 4th. Wedbush reiterated a “hold” rating and issued a $48.00 price target on shares of Shake Shack in a research note on Friday, May 4th. Zacks Investment Research upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Thursday, April 19th. Finally, TheStreet lowered shares of Shake Shack from a “c” rating to a “d+” rating in a research note on Friday, March 16th.

NYSE SHAK opened at $68.85 on Monday. Shake Shack has a 12 month low of $30.12 and a 12 month high of $69.96. The stock has a market capitalization of $2.54 billion, a PE ratio of 120.79, a P/E/G ratio of 5.67 and a beta of 1.36.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, May 3rd. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. Shake Shack had a negative net margin of 0.27% and a positive return on equity of 9.17%. The firm had revenue of $99.20 million during the quarter, compared to analyst estimates of $96.77 million. During the same period in the previous year, the business posted $0.10 earnings per share. The business’s revenue for the quarter was up 29.3% on a year-over-year basis. research analysts predict that Shake Shack will post 0.54 EPS for the current year.

In related news, CEO Randall J. Garutti sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, April 26th. The shares were sold at an average price of $44.98, for a total transaction of $899,600.00. Following the completion of the sale, the chief executive officer now directly owns 38,041 shares in the company, valued at $1,711,084.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel Harris Meyer sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $46.93, for a total transaction of $469,300.00. The disclosure for this sale can be found here. Insiders have sold 1,070,942 shares of company stock valued at $63,268,306 over the last 90 days. 30.18% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its position in Shake Shack by 5.9% during the first quarter. Principal Financial Group Inc. now owns 145,283 shares of the company’s stock valued at $6,048,000 after buying an additional 8,066 shares during the period. Legal & General Group Plc boosted its position in shares of Shake Shack by 4.6% in the first quarter. Legal & General Group Plc now owns 35,930 shares of the company’s stock worth $1,485,000 after purchasing an additional 1,589 shares during the period. Quad Capital Management Advisors LLC bought a new position in shares of Shake Shack in the first quarter worth approximately $1,166,000. Tenzing Global Management LLC bought a new position in shares of Shake Shack in the first quarter worth approximately $331,000. Finally, Blair William & Co. IL boosted its position in shares of Shake Shack by 134.6% in the first quarter. Blair William & Co. IL now owns 242,161 shares of the company’s stock worth $10,081,000 after purchasing an additional 138,936 shares during the period. Institutional investors own 73.29% of the company’s stock.

About Shake Shack

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 27, 2017, it had 159 Shacks, including 90 domestic company-operated Shacks, 10 domestic licensed Shacks, and 59 international licensed Shacks.

Analyst Recommendations for Shake Shack (NYSE:SHAK)

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