Shake Shack, Inc. (NYSE:SHAK) Receives $89.74 Consensus PT from Analysts

Shake Shack, Inc. (NYSE:SHAK) has been given a consensus recommendation of “Moderate Buy” by the twenty-seven ratings firms that are currently covering the stock, Marketbeat.com reports. Twelve research analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $89.7391.

Several research analysts have commented on SHAK shares. Deutsche Bank Aktiengesellschaft cut their price objective on Shake Shack from $105.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. UBS Group lowered their target price on Shake Shack from $79.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Mizuho set a $90.00 target price on Shake Shack in a report on Thursday, August 6th. BNP Paribas Exane raised their target price on Shake Shack from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, Wells Fargo & Company reduced their price target on Shake Shack from $80.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Glenview Trust co grew its holdings in Shake Shack by 1.5% during the 2nd quarter. Glenview Trust co now owns 6,925 shares of the company’s stock valued at $974,000 after purchasing an additional 100 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Shake Shack by 42.2% in the fourth quarter. UMB Bank n.a. now owns 391 shares of the company’s stock worth $32,000 after acquiring an additional 116 shares in the last quarter. Maryland State Retirement & Pension System lifted its stake in shares of Shake Shack by 2.1% in the fourth quarter. Maryland State Retirement & Pension System now owns 5,905 shares of the company’s stock worth $479,000 after acquiring an additional 119 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Shake Shack by 18.2% in the fourth quarter. Farther Finance Advisors LLC now owns 935 shares of the company’s stock valued at $76,000 after purchasing an additional 144 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Shake Shack by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,186 shares of the company’s stock valued at $746,000 after purchasing an additional 150 shares during the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Shake Shack Price Performance

Shake Shack stock opened at $73.38 on Monday. Shake Shack has a 52-week low of $51.60 and a 52-week high of $107.49. The firm has a fifty day moving average of $61.45 and a 200-day moving average of $76.79. The firm has a market capitalization of $3.14 billion, a P/E ratio of 78.07, a PEG ratio of 7.78 and a beta of 1.63. The company has a quick ratio of 1.64, a current ratio of 1.67 and a debt-to-equity ratio of 0.43.

Shake Shack (NYSE:SHAK) last posted its earnings results on Wednesday, August 5th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.12. Shake Shack had a net margin of 2.56% and a return on equity of 9.29%. The business had revenue of $417.62 million for the quarter, compared to analyst estimates of $417.18 million. During the same quarter in the previous year, the business posted $0.44 EPS. The business’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, analysts predict that Shake Shack will post 1.13 EPS for the current year.

Shake Shack Company Profile

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.