Shake Shack Inc. (NYSE:SHAK) Given Average Recommendation of "Hold" by Analysts

Shares of Shake Shack Inc. (NYSE:SHAK - Get Free Report) have earned a consensus recommendation of "Hold" from the seventeen brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $99.22.

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Shake Shack from $102.00 to $105.00 and gave the stock an "underweight" rating in a report on Monday, June 3rd. Barclays lifted their price target on Shake Shack from $92.00 to $108.00 and gave the company an "equal weight" rating in a report on Friday, May 3rd. Wedbush increased their price objective on shares of Shake Shack from $100.00 to $110.00 and gave the stock a "neutral" rating in a report on Friday, May 3rd. The Goldman Sachs Group started coverage on shares of Shake Shack in a report on Thursday, June 13th. They issued a "buy" rating and a $110.00 target price for the company. Finally, UBS Group increased their price target on shares of Shake Shack from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, May 3rd.

Shake Shack Price Performance

Shake Shack stock traded up $0.52 during mid-day trading on Wednesday, hitting $85.90. 391,347 shares of the company were exchanged, compared to its average volume of 895,290. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 1.99. The company has a market capitalization of $3.63 billion, a P/E ratio of 156.18, a PEG ratio of 3.56 and a beta of 1.76. Shake Shack has a 12-month low of $52.79 and a 12-month high of $111.29. The business's 50 day simple moving average is $96.20 and its two-hundred day simple moving average is $91.02.

Shake Shack (NYSE:SHAK - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. The company had revenue of $290.50 million for the quarter, compared to analysts' expectations of $291.00 million. During the same period last year, the company earned ($0.01) EPS. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. Analysts forecast that Shake Shack will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Shake Shack

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the company's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $103.01, for a total value of $31,315.04. Following the completion of the transaction, the director now owns 3,754 shares in the company, valued at approximately $386,699.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 9.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SHAK. Public Employees Retirement System of Ohio acquired a new stake in Shake Shack in the third quarter worth approximately $1,700,000. Madison Asset Management LLC boosted its stake in Shake Shack by 52.6% during the fourth quarter. Madison Asset Management LLC now owns 84,062 shares of the company's stock valued at $6,231,000 after buying an additional 28,975 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Shake Shack by 60.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 77,901 shares of the company's stock worth $5,774,000 after acquiring an additional 29,431 shares during the period. Lisanti Capital Growth LLC acquired a new stake in Shake Shack in the 4th quarter valued at about $2,784,000. Finally, Los Angeles Capital Management LLC boosted its position in shares of Shake Shack by 190.4% during the 1st quarter. Los Angeles Capital Management LLC now owns 16,532 shares of the company's stock valued at $1,720,000 after purchasing an additional 10,840 shares in the last quarter. 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.