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

Shake Shack Inc. (NYSE:SHAK - Get Free Report) has received a consensus rating of "Hold" from the twenty analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $123.20.

SHAK has been the subject of several recent analyst reports. Wedbush increased their price target on Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. TD Securities reiterated a "buy" rating and issued a $140.00 target price on shares of Shake Shack in a research report on Friday, February 21st. Loop Capital upgraded shares of Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price target on the stock in a research report on Tuesday, April 1st. Robert W. Baird decreased their price objective on shares of Shake Shack from $98.00 to $85.00 and set a "neutral" rating for the company in a report on Monday. Finally, Stifel Nicolaus lowered their price objective on shares of Shake Shack from $128.00 to $110.00 and set a "hold" rating on the stock in a research note on Friday, January 17th.

Institutional Trading of Shake Shack

Several institutional investors have recently made changes to their positions in SHAK. Nemes Rush Group LLC purchased a new stake in Shake Shack in the 4th quarter worth approximately $29,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Shake Shack during the fourth quarter worth $32,000. Transcendent Capital Group LLC acquired a new stake in Shake Shack during the fourth quarter valued at $52,000. R Squared Ltd acquired a new position in Shake Shack in the 4th quarter worth about $56,000. Finally, Montag & Caldwell LLC acquired a new position in Shake Shack in the fourth quarter worth approximately $68,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.

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Shake Shack Stock Performance

Shares of SHAK stock traded down $2.88 during trading hours on Friday, reaching $75.71. The stock had a trading volume of 1,556,901 shares, compared to its average volume of 1,043,544. The firm has a market capitalization of $3.22 billion, a PE ratio of 329.17 and a beta of 1.80. The firm has a 50-day simple moving average of $99.59 and a 200-day simple moving average of $114.07. Shake Shack has a twelve month low of $72.93 and a twelve month high of $139.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $328.68 million for the quarter, compared to analyst estimates of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. As a group, equities analysts forecast that Shake Shack will post 1.26 earnings per share for the current year.

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.