Shake Shack (NYSE:SHAK) Rating Reiterated by TD Cowen

Shake Shack (NYSE:SHAK)‘s stock had its “buy” rating reiterated by equities researchers at TD Cowen in a research note issued on Thursday, Benzinga reports. They presently have a $125.00 target price on the stock. TD Cowen’s price objective indicates a potential upside of 16.30% from the stock’s current price.

A number of other brokerages have also recently commented on SHAK. Raymond James increased their price target on Shake Shack from $90.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Friday, February 16th. UBS Group upped their price objective on Shake Shack from $80.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Oppenheimer raised their price objective on shares of Shake Shack from $108.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Morgan Stanley boosted their target price on shares of Shake Shack from $88.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Shake Shack from $65.00 to $100.00 and gave the company an “underweight” rating in a research note on Monday, March 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $96.33.

Shake Shack Price Performance

Shares of NYSE:SHAK opened at $107.48 on Thursday. The firm has a 50 day moving average of $102.37 and a 200-day moving average of $80.42. Shake Shack has a 12 month low of $52.79 and a 12 month high of $110.90. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $4.55 billion, a PE ratio of 233.65, a PEG ratio of 3.72 and a beta of 1.78.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. Shake Shack had a return on equity of 3.67% and a net margin of 1.82%. The company had revenue of $290.50 million for the quarter, compared to analyst estimates of $291.00 million. During the same quarter last year, the company posted ($0.01) EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities research analysts predict that Shake Shack will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling at Shake Shack

In related news, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total transaction of $31,315.04. Following the completion of the sale, the director now owns 3,754 shares in the company, valued at $386,699.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $103.01, for a total transaction of $31,315.04. Following the transaction, the director now directly owns 3,754 shares in the company, valued at $386,699.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel Harris Meyer sold 40,000 shares of the 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 completion of the sale, the director now 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. In the last quarter, insiders sold 100,760 shares of company stock worth $10,190,420. Insiders own 10.06% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. QRG Capital Management Inc. grew its stake in shares of Shake Shack by 4.5% during the 4th quarter. QRG Capital Management Inc. now owns 3,711 shares of the company’s stock worth $275,000 after acquiring an additional 161 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Shake Shack in the first quarter worth about $25,000. SG Americas Securities LLC raised its position in shares of Shake Shack by 6.9% in the third quarter. SG Americas Securities LLC now owns 3,747 shares of the company’s stock valued at $218,000 after purchasing an additional 243 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Shake Shack by 5.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the company’s stock valued at $265,000 after buying an additional 247 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Shake Shack by 1.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 19,679 shares of the company’s stock valued at $1,143,000 after buying an additional 274 shares in the last quarter. 86.07% of the stock is owned by institutional investors.

Shake Shack Company Profile

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.