Shake Shack’s (SHAK) “Hold” Rating Reaffirmed at TD Securities

Shake Shack (NYSE:SHAK)‘s stock had its “hold” rating restated by TD Securities in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $105.00 price target on the stock. TD Securities’ price target would suggest a potential downside of 11.93% from the stock’s current price.

Several other research analysts have also recently weighed in on SHAK. Barclays decreased their price objective on shares of Shake Shack from $155.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Truist Financial upped their price target on Shake Shack from $134.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group decreased their price objective on shares of Shake Shack from $140.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Robert W. Baird boosted their price target on Shake Shack from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Finally, Stifel Nicolaus cut their target price on shares of Shake Shack from $120.00 to $97.00 and set a “hold” rating for the company in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shake Shack has an average rating of “Hold” and a consensus target price of $114.40.

Shake Shack Trading Up 1.8%

Shares of NYSE SHAK opened at $119.23 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. The firm has a 50-day moving average of $91.21 and a 200 day moving average of $111.03. Shake Shack has a 1 year low of $72.93 and a 1 year high of $139.89. The stock has a market cap of $5.09 billion, a P/E ratio of 518.39 and a beta of 1.61.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The company had revenue of $320.90 million during the quarter, compared to analysts’ expectations of $330.24 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. Shake Shack’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 EPS. As a group, sell-side analysts expect that Shake Shack will post 1.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Driehaus Capital Management LLC purchased a new stake in Shake Shack in the fourth quarter worth $66,349,000. Nuveen LLC bought a new stake in Shake Shack during the 1st quarter valued at $42,802,000. Ameriprise Financial Inc. raised its holdings in Shake Shack by 144.3% in the first quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company’s stock worth $69,805,000 after purchasing an additional 467,748 shares in the last quarter. Invesco Ltd. lifted its position in Shake Shack by 30.7% during the fourth quarter. Invesco Ltd. now owns 1,245,093 shares of the company’s stock valued at $161,613,000 after acquiring an additional 292,348 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. purchased a new stake in Shake Shack in the fourth quarter valued at about $26,756,000. 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.