3 days Ago By ABMN Staff
Shake Shack Inc. ( NYSE:SHAK – Get Free Report ) has received an average recommendation of “Hold” from the eighteen research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has issued a strong buy rating on the company.
The average 12-month target price among analysts that have issued ratings on the stock in the last year is $107.56. A number of research firms recently weighed in on SHAK.
JPMorgan Chase & Co. lifted their price objective on shares of Shake Shack from $102.00 to $105.
00 and gave the company an “underweight” rating in a research note on Monday, June 3rd. The Goldman Sachs Group raised their target price on shares of Shake Shack from $110.00 to $125.
00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Morgan Stanley reduced their price objective on Shake Shack from $108.00 to $100.
00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $115.00 target price on shares of Shake Shack in a research report on Wednesday, August 28th.
Finally, Wedbush reiterated a “neutral” rating and issued a $90.00 price objective on shares of Shake Shack in a research report on Thursday, August 1st. Get Our Latest Stock Analysis on Shake Shack Shake Shack Stock Performance Shake Shack ( NYSE:SHAK – Get Free Report ) last issued its earnings results on Thursday, August 1st.
The company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27.
The company had revenue of $316.50 million during the quarter, compared to the consensus estimate of $314.37 million.
Shake Shack had a return on equity of 5.63% and a net margin of 2.23%.
The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the business posted $0.
18 EPS. As a group, research analysts forecast that Shake Shack will post 0.73 earnings per share for the current year.
Insider Buying and Selling at Shake Shack In other Shake Shack news, CFO Katherine Irene Fogertey sold 963 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $96.03, for a total value of $92,476.
89. Following the completion of the transaction, the chief financial officer now directly owns 37,464 shares of the company’s stock, valued at $3,597,667.92.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . In other Shake Shack news, Director Daniel Harris Meyer sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $110.
24, for a total transaction of $1,102,400.00. Following the completion of the sale, the director now owns 470,437 shares of the company’s stock, valued at $51,860,974.
88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, CFO Katherine Irene Fogertey sold 963 shares of the business’s stock in a transaction dated Friday, August 2nd.
The shares were sold at an average price of $96.03, for a total transaction of $92,476.89.
Following the completion of the sale, the chief financial officer now owns 37,464 shares in the company, valued at $3,597,667.92. The disclosure for this sale can be found here .
In the last quarter, insiders have sold 12,213 shares of company stock worth $1,311,175. 9.73% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Kimelman & Baird LLC purchased a new position in shares of Shake Shack during the second quarter worth approximately $45,000. Creative Planning increased its holdings in shares of Shake Shack by 15.
6% in the 2nd quarter. Creative Planning now owns 5,946 shares of the company’s stock valued at $535,000 after purchasing an additional 804 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Shake Shack during the 2nd quarter valued at approximately $340,000.
Susquehanna Fundamental Investments LLC boosted its position in Shake Shack by 40.9% during the second quarter. Susquehanna Fundamental Investments LLC now owns 26,227 shares of the company’s stock worth $2,360,000 after purchasing an additional 7,610 shares in the last quarter.
Finally, Shellback Capital LP grew its stake in Shake Shack by 18.2% in the 2nd quarter. Shellback Capital LP now owns 65,000 shares of the company’s stock valued at $5,850,000 after acquiring an additional 10,000 shares during the last quarter.
86.07% of the stock is currently owned by hedge funds and other institutional investors. Shake Shack Company Profile ( Get Free Report 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. Featured Articles Receive News & Ratings for Shake Shack Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shake Shack and related companies with MarketBeat.
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