Shake Shack (NYSE:SHAK) Stock Rating Upgraded by Robert W. Baird

Shake Shack (NYSE:SHAK) was upgraded by stock analysts at Robert W. Baird to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other brokerages also recently issued reports on SHAK. TD Cowen reiterated a “hold” rating on shares of Shake Shack in a report on Wednesday, August 5th. Jefferies Financial Group restated a “hold” rating and issued a $66.00 price target on shares of Shake Shack in a research report on Tuesday, June 2nd. Weiss Ratings downgraded shares of Shake Shack from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Stifel Nicolaus upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and lowered their price target for the company from $105.00 to $85.00 in a research report on Friday, May 8th. Finally, Wall Street Zen raised Shake Shack from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Fifteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.74.

Shake Shack Stock Down 1.9%

Shares of NYSE:SHAK opened at $74.00 on Monday. Shake Shack has a fifty-two week low of $51.60 and a fifty-two week high of $107.49. The company has a quick ratio of 1.64, a current ratio of 1.67 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $62.72 and its 200-day simple moving average is $76.29. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 78.72, a PEG ratio of 8.25 and a beta of 1.63.

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

Hedge Funds Weigh In On Shake Shack

Institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its stake in shares of Shake Shack by 5,410.3% in the second quarter. California State Teachers Retirement System now owns 2,459,558 shares of the company’s stock valued at $137,784,000 after purchasing an additional 2,414,922 shares during the period. Fund 1 Investments LLC acquired a new position in Shake Shack during the 2nd quarter worth $840,000. AlphaGrep UK Ltd bought a new position in Shake Shack during the 2nd quarter worth approximately $250,000. Raiffeisen Bank International AG acquired a new stake in shares of Shake Shack during the 2nd quarter valued at approximately $1,644,000. Finally, AXQ Capital LP acquired a new stake in shares of Shake Shack during the second quarter worth $674,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

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.