Shares of Shake Shack Inc (NYSE:SHAK) have been assigned an average rating of “Hold” from the sixteen ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $74.53.
SHAK has been the subject of a number of recent research reports. MKM Partners initiated coverage on Shake Shack in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $75.00 target price for the company. SunTrust Banks lowered their target price on Shake Shack to $85.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. TheStreet lowered Shake Shack from a “b-” rating to a “c” rating in a research note on Tuesday, November 5th. Credit Suisse Group boosted their target price on Shake Shack from $77.00 to $83.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lowered their target price on Shake Shack from $69.00 to $63.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th.
In related news, Director Jeffrey Flug sold 8,794 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $90.31, for a total transaction of $794,186.14. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Randall J. Garutti sold 30,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.54, for a total value of $2,476,200.00. Following the transaction, the chief executive officer now owns 60,702 shares in the company, valued at approximately $5,010,343.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 188,919 shares of company stock worth $18,057,001. 21.85% of the stock is owned by company insiders.
Shares of NYSE SHAK traded down $0.94 during midday trading on Thursday, reaching $62.06. The company had a trading volume of 2,223,417 shares, compared to its average volume of 888,934. Shake Shack has a one year low of $40.67 and a one year high of $105.84. The company has a quick ratio of 1.08, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The firm’s fifty day moving average price is $89.51 and its 200-day moving average price is $78.98. The stock has a market cap of $2.49 billion, a PE ratio of 87.41, a price-to-earnings-growth ratio of 4.08 and a beta of 1.24.
Shake Shack (NYSE:SHAK) last released its earnings results on Monday, November 4th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. Shake Shack had a return on equity of 9.50% and a net margin of 3.69%. The company had revenue of $157.76 million during the quarter, compared to analyst estimates of $157.45 million. During the same quarter in the previous year, the company posted $0.21 EPS. Shake Shack’s revenue for the quarter was up 31.9% on a year-over-year basis. As a group, equities research analysts expect that Shake Shack will post 0.65 EPS for the current year.
About Shake Shack
Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 26, 2018, it operated 208 Shacks, including 124 domestic company-operated Shacks, 12 domestic licensed Shacks, and 72 international licensed Shacks.
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