Shake Shack, Inc. (NYSE:SHAK) Receives $91.00 Consensus Target Price from Analysts

Shares of Shake Shack, Inc. (NYSE:SHAK) have earned a consensus rating of “Moderate Buy” from the twenty-seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $91.00.

SHAK has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $117.00 price target on shares of Shake Shack in a research report on Wednesday, April 15th. Wolfe Research initiated coverage on Shake Shack in a research report on Monday, March 9th. They set an “outperform” rating and a $118.00 price objective on the stock. BTIG Research reissued a “neutral” rating on shares of Shake Shack in a report on Wednesday, May 20th. TD Cowen restated a “hold” rating and issued a $70.00 target price on shares of Shake Shack in a research report on Wednesday, June 3rd. Finally, Piper Sandler set a $79.00 target price on Shake Shack in a research note on Thursday, May 7th.

Insider Transactions at Shake Shack

In other Shake Shack news, Director Jeffrey Flug acquired 1,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $61.30 per share, with a total value of $61,300.00. Following the purchase, the director owned 5,470 shares of the company’s stock, valued at approximately $335,311. This trade represents a 22.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert Lynch bought 5,000 shares of Shake Shack stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $60.39 per share, for a total transaction of $301,950.00. Following the acquisition, the chief executive officer owned 77,845 shares in the company, valued at $4,701,059.55. The trade was a 6.86% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 50,616 shares of company stock worth $3,109,782. Corporate insiders own 8.32% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Swedbank AB bought a new stake in Shake Shack in the fourth quarter valued at approximately $84,092,000. Adage Capital Partners GP L.L.C. bought a new position in shares of Shake Shack in the fourth quarter worth approximately $40,829,000. Wellington Management Group LLP grew its holdings in shares of Shake Shack by 21.0% in the third quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company’s stock worth $242,535,000 after purchasing an additional 450,406 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Shake Shack by 285.2% in the third quarter. Marshall Wace LLP now owns 586,999 shares of the company’s stock worth $54,949,000 after buying an additional 434,625 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Shake Shack in the fourth quarter worth $20,455,000. 86.07% of the stock is owned by institutional investors.

Shake Shack Stock Performance

NYSE SHAK opened at $56.54 on Friday. Shake Shack has a 52-week low of $51.60 and a 52-week high of $144.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.66 and a current ratio of 1.69. The company has a market capitalization of $2.42 billion, a P/E ratio of 57.70, a P/E/G ratio of 2.52 and a beta of 1.63. The company has a fifty day moving average of $66.75 and a 200-day moving average of $82.86.

About Shake Shack

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.