Shake Shack (NYSE:SHAK) Shares Gap Down to $109.22

Shake Shack Inc. (NYSE:SHAKGet Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $109.22, but opened at $104.33. Shake Shack shares last traded at $106.38, with a volume of 221,758 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. StockNews.com lowered shares of Shake Shack from a “hold” rating to a “sell” rating in a research report on Monday, March 4th. Robert W. Baird raised their price target on shares of Shake Shack from $67.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. Oppenheimer raised their price target on shares of Shake Shack from $108.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday. TD Cowen reissued an “outperform” rating and issued a $125.00 target price on shares of Shake Shack in a report on Thursday. Finally, Wedbush reissued a “neutral” rating and issued a $80.00 target price on shares of Shake Shack in a report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $86.22.

View Our Latest Stock Analysis on Shake Shack

Shake Shack Trading Up 0.6 %

The firm’s 50-day moving average is $89.31 and its 200 day moving average is $71.74. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 237.54, a P/E/G ratio of 4.09 and a beta of 1.81.

Shake Shack (NYSE:SHAKGet Free Report) last posted its earnings results on Thursday, February 15th. The company reported $0.02 EPS for the quarter. Shake Shack had a net margin of 1.82% and a return on equity of 3.67%. The business had revenue of $286.20 million for the quarter, compared to the consensus estimate of $280.45 million. During the same period last year, the company earned ($0.06) EPS. The firm’s revenue was up 20.0% compared to the same quarter last year. On average, equities analysts predict that Shake Shack Inc. will post 0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were 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 approximately $438,466.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Jeffrey Flug sold 304 shares of Shake Shack stock in a transaction on 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 sale, the director now owns 4,058 shares in the company, valued at approximately $438,466.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel Harris Meyer sold 30,000 shares of Shake Shack stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $95.25, for a total transaction of $2,857,500.00. Following the completion of the sale, the director now owns 550,437 shares of the company’s stock, valued at approximately $52,429,124.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,379 shares of company stock worth $10,228,398. 10.06% of the stock is currently owned by insiders.

Institutional Trading of Shake Shack

Hedge funds have recently modified their holdings of the stock. Pinebridge Investments L.P. purchased a new position in Shake Shack during the 2nd quarter worth $26,000. GAMMA Investing LLC purchased a new position in shares of Shake Shack in the 4th quarter worth about $32,000. Ramirez Asset Management Inc. purchased a new stake in Shake Shack during the third quarter valued at about $35,000. C M Bidwell & Associates Ltd. purchased a new stake in Shake Shack during the second quarter valued at about $39,000. Finally, Natixis purchased a new stake in Shake Shack during the fourth quarter valued at about $53,000. Institutional investors own 91.70% of the company’s stock.

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.

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