Shares of Shake Shack Inc. (NYSE:SHAK - Get Free Report) were down 7.6% on Friday . The stock traded as low as $114.68 and last traded at $114.23. Approximately 1,015,010 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 1,394,495 shares. The stock had previously closed at $123.61.
Analyst Ratings Changes
Several equities research analysts have recently commented on SHAK shares. UBS Group upped their price target on Shake Shack from $130.00 to $140.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Barclays upgraded shares of Shake Shack from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $125.00 to $159.00 in a research report on Tuesday, January 7th. Gordon Haskett upgraded shares of Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 target price for the company in a research note on Wednesday, January 8th. Wedbush boosted their price target on shares of Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Truist Financial increased their price target on shares of Shake Shack from $143.00 to $154.00 and gave the stock a "buy" rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Shake Shack currently has an average rating of "Hold" and an average price target of $125.50.
Read Our Latest Analysis on Shake Shack
Shake Shack Price Performance
The company has a market cap of $4.71 billion, a price-to-earnings ratio of 482.03 and a beta of 1.86. The company has a fifty day simple moving average of $121.47 and a two-hundred day simple moving average of $116.62. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50.
Shake Shack (NYSE:SHAK - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. The firm had revenue of $328.68 million for the quarter, compared to analyst estimates of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. On average, equities research analysts anticipate that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.
Insider Activity at Shake Shack
In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the sale, the chief financial officer now directly owns 30,717 shares of the company's stock, valued at approximately $4,223,894.67. The trade was a 2.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.73% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System grew its position in shares of Shake Shack by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company's stock valued at $2,518,000 after purchasing an additional 100 shares during the period. Quadrant Capital Group LLC grew its holdings in Shake Shack by 5.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company's stock valued at $243,000 after buying an additional 100 shares during the period. Thrivent Financial for Lutherans grew its holdings in Shake Shack by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company's stock valued at $3,241,000 after buying an additional 139 shares during the period. Summit Financial LLC increased its stake in shares of Shake Shack by 1.1% during the 4th quarter. Summit Financial LLC now owns 13,083 shares of the company's stock valued at $1,698,000 after acquiring an additional 139 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Shake Shack by 1.7% during the 4th quarter. Arizona State Retirement System now owns 11,024 shares of the company's stock worth $1,431,000 after acquiring an additional 182 shares during the period. Hedge funds and other institutional investors own 86.07% of the company's stock.
Shake Shack Company Profile
(
Get Free Report)
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.
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