Shake Shack (NYSE:SHAK) Receives Buy Rating from TD Cowen

TD Cowen reaffirmed their buy rating on shares of Shake Shack (NYSE:SHAK) in a research note released on Thursday, Benzinga reports. TD Cowen currently has a $125.00 price objective on the stock.

Several other analysts have also weighed in on the stock. Wedbush reiterated a neutral rating and issued a $80.00 price objective on shares of Shake Shack in a research note on Wednesday, February 14th. StockNews.com lowered Shake Shack from a hold rating to a sell rating in a research note on Monday, March 4th. UBS Group increased their target price on shares of Shake Shack from $80.00 to $88.00 and gave the stock a neutral rating in a research note on Monday, February 12th. Oppenheimer raised their price target on shares of Shake Shack from $108.00 to $120.00 and gave the company an outperform rating in a report on Friday, March 22nd. Finally, Robert W. Baird upped their price target on shares of Shake Shack from $67.00 to $82.00 and gave the stock a neutral rating in a report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $96.33.

Shake Shack Trading Up 2.4 %

Shares of SHAK stock opened at $107.47 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.01 and a current ratio of 2.03. Shake Shack has a fifty-two week low of $52.79 and a fifty-two week high of $110.90. The company has a market cap of $4.55 billion, a PE ratio of 195.40, a P/E/G ratio of 3.80 and a beta of 1.78. The stock’s fifty day moving average price is $102.37 and its two-hundred day moving average price is $80.59.

Shake Shack (NYSE:SHAK) last posted its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $291.00 million. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. The company’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. Equities analysts predict that Shake Shack will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of Shake Shack stock in a transaction on Monday, March 4th. The stock was sold at an average price of $108.05, for a total transaction of $32,847.20. Following the completion of the transaction, the director now owns 4,058 shares in the company, valued at $438,466.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Shake Shack news, Director Jeffrey Flug sold 304 shares of Shake Shack stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $108.05, for a total value of $32,847.20. Following the completion of the transaction, the director now directly owns 4,058 shares of the company’s stock, valued at $438,466.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel Harris Meyer sold 6,034 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $100.08, for a total transaction of $603,882.72. Following the completion of the transaction, the director now owns 520,437 shares in the company, valued at approximately $52,085,334.96. The disclosure for this sale can be found here. Insiders have sold 100,760 shares of company stock worth $10,190,420 in the last 90 days. Insiders own 10.06% of the company’s stock.

Institutional Trading of Shake Shack

A number of institutional investors and hedge funds have recently modified their holdings of SHAK. 12 West Capital Management LP lifted its holdings in shares of Shake Shack by 82.2% during the third quarter. 12 West Capital Management LP now owns 1,659,600 shares of the company’s stock valued at $96,373,000 after purchasing an additional 748,789 shares in the last quarter. Linonia Partnership LP bought a new stake in Shake Shack in the 4th quarter worth about $41,046,000. Qube Research & Technologies Ltd raised its position in Shake Shack by 130.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 436,888 shares of the company’s stock worth $25,370,000 after buying an additional 246,952 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in Shake Shack by 19.3% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,046,339 shares of the company’s stock valued at $60,761,000 after acquiring an additional 168,947 shares during the period. Finally, Norges Bank purchased a new stake in shares of Shake Shack during the 4th quarter valued at about $12,238,000. 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.