Shake Shack Inc. (NYSE:SHAK) Receives $123.78 Consensus Price Target from Analysts

Shake Shack Inc. (NYSE:SHAK) has been given a consensus rating of “Moderate Buy” by the eighteen analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $123.78.

Several brokerages have recently weighed in on SHAK. Truist Financial lowered their target price on Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Stifel Nicolaus dropped their target price on Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a report on Friday, January 17th. Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $125.00 to $159.00 in a report on Tuesday, January 7th. UBS Group upped their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Wedbush restated a “neutral” rating and set a $130.00 price objective on shares of Shake Shack in a research report on Wednesday, January 15th.

Shake Shack Stock Up 0.3 %

NYSE SHAK opened at $121.53 on Friday. The business has a fifty day moving average price of $128.28 and a 200 day moving average price of $112.13. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.01. The company has a market cap of $5.16 billion, a P/E ratio of 714.85, a P/E/G ratio of 1.65 and a beta of 1.86. Shake Shack has a one year low of $70.68 and a one year high of $139.89.

Shake Shack (NYSE:SHAK) last issued its earnings results on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The business had revenue of $316.92 million during the quarter, compared to analysts’ expectations of $316.03 million. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 earnings per share. Research analysts anticipate that Shake Shack will post 0.89 EPS for the current fiscal year.

Insider Activity

In other news, Director Daniel Harris Meyer sold 30,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $121.79, for a total value of $3,653,700.00. Following the sale, the director now directly owns 407,646 shares in the company, valued at approximately $49,647,206.34. This trade represents a 6.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Katherine Irene Fogertey sold 642 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the sale, the chief financial officer now owns 30,717 shares in the company, valued at approximately $4,223,894.67. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,333 shares of company stock valued at $6,566,330. 9.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Shake Shack by 18.6% during the 2nd quarter. American Century Companies Inc. now owns 9,577 shares of the company’s stock worth $862,000 after purchasing an additional 1,505 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Shake Shack by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 801,003 shares of the company’s stock worth $72,088,000 after buying an additional 66,090 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Shake Shack by 303.3% during the 2nd quarter. Hsbc Holdings PLC now owns 16,604 shares of the company’s stock worth $1,460,000 after acquiring an additional 12,487 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Shake Shack during the 2nd quarter worth about $622,000. Finally, Brighton Jones LLC lifted its stake in Shake Shack by 1.1% during the second quarter. Brighton Jones LLC now owns 17,909 shares of the company’s stock worth $1,612,000 after purchasing an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Company Profile

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.