Shake Shack (NYSE:SHAK) Given “Buy” Rating at TD Securities

TD Securities reissued their buy rating on shares of Shake Shack (NYSE:SHAK) in a report released on Friday,Benzinga reports. The firm currently has a $140.00 price objective on the stock.

A number of other equities analysts also recently weighed in on the stock. Barclays raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. Oppenheimer lifted their price objective on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Stifel Nicolaus cut their target price on Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Wedbush lifted their target price on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday. Finally, UBS Group boosted their price target on Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $125.50.

Shake Shack Trading Down 11.9 %

NYSE SHAK opened at $108.96 on Friday. The firm has a market capitalization of $4.63 billion, a PE ratio of 640.94 and a beta of 1.86. The business’s 50-day moving average price is $121.79 and its two-hundred day moving average price is $116.27. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.51. Shake Shack has a 12 month low of $77.50 and a 12 month high of $139.89.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The business had revenue of $328.68 million for the quarter, compared to analysts’ expectations of $329.02 million. On average, analysts expect that Shake Shack will post 0.9 EPS for the current year.

Insider Activity

In other news, CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the sale, the chief financial officer now owns 30,717 shares in the company, valued at $4,223,894.67. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 9.73% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Driehaus Capital Management LLC bought a new position in shares of Shake Shack during the 4th quarter worth approximately $66,349,000. Point72 Asset Management L.P. lifted its holdings in Shake Shack by 154.8% during the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock worth $67,157,000 after acquiring an additional 395,311 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Shake Shack during the third quarter worth $39,677,000. Holocene Advisors LP boosted its position in Shake Shack by 68.3% in the third quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock worth $97,673,000 after purchasing an additional 384,131 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Shake Shack by 30.7% in the 4th quarter. Invesco Ltd. now owns 1,245,093 shares of the company’s stock valued at $161,613,000 after purchasing an additional 292,348 shares during the period. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

About Shake Shack

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.