Shake Shack Inc. (NYSE:SHAK) Given Consensus Rating of “Hold” by Brokerages

Shares of Shake Shack Inc. (NYSE:SHAK – Get Rating) have earned a consensus rating of “Hold” from the sixteen analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $58.21.

A number of brokerages have recently commented on SHAK. Wedbush downgraded Shake Shack from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $58.00 to $49.00 in a research report on Wednesday, December 21st. Morgan Stanley downgraded Shake Shack from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $50.00 to $47.00 in a research report on Tuesday, January 17th. Barclays cut their target price on shares of Shake Shack from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 5th. Credit Suisse Group cut their target price on shares of Shake Shack from $61.00 to $57.00 and set a “neutral” rating on the stock in a research note on Monday, November 7th. Finally, StockNews.com began coverage on shares of Shake Shack in a research note on Wednesday, October 12th. They set a “sell” rating on the stock.

Insider Buying and Selling

In related news, COO Zach Koff sold 3,900 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $55.00, for a total value of $214,500.00. Following the completion of the sale, the chief operating officer now directly owns 31,085 shares in the company, valued at $1,709,675. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 9.98% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Shake Shack

A number of hedge funds have recently bought and sold shares of the company. Interval Partners LP bought a new stake in shares of Shake Shack in the third quarter valued at about $19,656,000. Van Berkom & Associates Inc. raised its position in Shake Shack by 43.7% in the second quarter. Van Berkom & Associates Inc. now owns 1,047,116 shares of the company’s stock worth $41,340,000 after purchasing an additional 318,266 shares in the last quarter. Balyasny Asset Management LLC raised its position in Shake Shack by 61.8% in the third quarter. Balyasny Asset Management LLC now owns 821,070 shares of the company’s stock worth $36,932,000 after purchasing an additional 313,623 shares in the last quarter. Vanguard Group Inc. raised its position in Shake Shack by 5.2% in the third quarter. Vanguard Group Inc. now owns 4,044,682 shares of the company’s stock worth $181,929,000 after purchasing an additional 200,222 shares in the last quarter. Finally, Millennium Management LLC raised its position in Shake Shack by 2,372.2% in the second quarter. Millennium Management LLC now owns 176,739 shares of the company’s stock worth $6,978,000 after purchasing an additional 169,590 shares in the last quarter. 83.55% of the stock is currently owned by institutional investors.

Shake Shack Stock Performance

SHAK opened at $55.23 on Wednesday. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of -93.61 and a beta of 1.59. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.54 and a quick ratio of 2.51. Shake Shack has a 1-year low of $37.72 and a 1-year high of $79.25. The business has a 50 day moving average price of $49.09 and a two-hundred day moving average price of $48.93.

Shake Shack (NYSE:SHAK – Get Rating) last released its earnings results on Thursday, November 3rd. The company reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). Shake Shack had a negative return on equity of 3.52% and a negative net margin of 2.67%. The firm had revenue of $227.81 million during the quarter, compared to the consensus estimate of $226.79 million. Research analysts predict that Shake Shack will post -0.37 EPS for the current fiscal year.

Shake Shack Company Profile

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Shake Shack, Inc operates as a holding company. The firm engages in operating fast food hamburger restaurants. It offers beef burgers, flat-top dogs, chicken sandwiches, frozen custard and crinkle cut fries and includes all the mobile ordering essentials. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.