Shake Shack (NYSE:SHAK) Stock Rating Reaffirmed by TD Cowen

Shake Shack (NYSE:SHAK)‘s stock had its “buy” rating reaffirmed by investment analysts at TD Cowen in a research report issued on Wednesday, Benzinga reports. They currently have a $125.00 price objective on the stock. TD Cowen’s target price would indicate a potential upside of 26.76% from the company’s previous close.

A number of other equities analysts have also weighed in on SHAK. BTIG Research lifted their price target on shares of Shake Shack from $110.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Wedbush restated a “neutral” rating and set a $80.00 target price on shares of Shake Shack in a report on Wednesday, February 14th. StockNews.com lowered shares of Shake Shack from a “hold” rating to a “sell” rating in a report on Monday, March 4th. HSBC started coverage on shares of Shake Shack in a report on Wednesday, December 20th. They set a “hold” rating and a $74.00 target price on the stock. Finally, Robert W. Baird lifted their target price on shares of Shake Shack from $67.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $86.39.

Shake Shack Trading Up 0.1 %

Shares of SHAK opened at $98.61 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 2.01. The firm has a 50 day simple moving average of $97.51 and a 200-day simple moving average of $75.41. Shake Shack has a 1-year low of $52.64 and a 1-year high of $110.90. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 214.37, a price-to-earnings-growth ratio of 3.86 and a beta of 1.80.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, February 15th. The company reported $0.02 earnings per share (EPS) for the quarter. Shake Shack had a net margin of 1.82% and a return on equity of 3.67%. The firm had revenue of $286.20 million for the quarter, compared to analyst estimates of $280.45 million. During the same quarter last year, the business earned ($0.06) earnings per share. Shake Shack’s revenue was up 20.0% compared to the same quarter last year. Equities analysts forecast that Shake Shack will post 0.71 EPS for the current fiscal year.

Insider Activity at Shake Shack

In related news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $108.05, for a total transaction of $32,847.20. Following the completion of the sale, the director now owns 4,058 shares of the company’s stock, valued at approximately $438,466.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $108.05, for a total transaction of $32,847.20. Following the completion of the sale, the director now owns 4,058 shares of the company’s stock, valued at approximately $438,466.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel Harris Meyer sold 40,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $106.34, for a total transaction of $4,253,600.00. Following the sale, the director now directly owns 480,437 shares of the company’s stock, valued at approximately $51,089,670.58. The disclosure for this sale can be found here. Insiders sold a total of 100,912 shares of company stock valued at $10,201,834 in the last quarter. Insiders own 10.06% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James & Associates raised its holdings in shares of Shake Shack by 96.3% in the 1st quarter. Raymond James & Associates now owns 22,358 shares of the company’s stock worth $1,518,000 after purchasing an additional 10,967 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Shake Shack by 22.8% during the first quarter. Bank of Montreal Can now owns 16,446 shares of the company’s stock valued at $1,118,000 after acquiring an additional 3,054 shares during the period. MetLife Investment Management LLC raised its holdings in shares of Shake Shack by 54.5% during the first quarter. MetLife Investment Management LLC now owns 20,457 shares of the company’s stock valued at $1,389,000 after acquiring an additional 7,216 shares during the period. Rhumbline Advisers raised its holdings in shares of Shake Shack by 6.7% during the first quarter. Rhumbline Advisers now owns 95,267 shares of the company’s stock valued at $6,469,000 after acquiring an additional 5,985 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Shake Shack by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,742 shares of the company’s stock valued at $2,291,000 after acquiring an additional 4,160 shares during the period. 86.07% of the stock is owned by institutional investors and hedge funds.

About Shake Shack

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.