Shake Shack, Inc. (NYSE:SHAK) Given Consensus Rating of “Hold” by Brokerages

Shake Shack, Inc. (NYSE:SHAK) has been given a consensus rating of “Hold” by the twenty-five brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $116.5238.

A number of analysts have recently weighed in on SHAK shares. Piper Sandler lowered their target price on Shake Shack from $126.00 to $102.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Shake Shack in a research report on Wednesday, January 21st. Zacks Research lowered shares of Shake Shack from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Morgan Stanley raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $115.00 to $125.00 in a research note on Tuesday, January 20th. Finally, JPMorgan Chase & Co. raised shares of Shake Shack from an “underweight” rating to a “neutral” rating and lowered their price target for the company from $95.00 to $90.00 in a report on Thursday, December 18th.

Insider Buying and Selling at Shake Shack

In other news, insider Stephanie Ann Sentell sold 1,100 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $85.14, for a total transaction of $93,654.00. Following the transaction, the insider owned 9,907 shares of the company’s stock, valued at $843,481.98. This represents a 9.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 1,500 shares of company stock worth $130,648 in the last ninety days. Insiders own 8.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SHAK. Ameritas Advisory Services LLC bought a new stake in shares of Shake Shack during the second quarter worth approximately $31,000. Geneos Wealth Management Inc. acquired a new stake in Shake Shack during the 1st quarter worth $26,000. Global Retirement Partners LLC raised its position in shares of Shake Shack by 83.7% during the 3rd quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock valued at $31,000 after acquiring an additional 149 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Shake Shack by 457.6% in the 4th quarter. Assetmark Inc. now owns 368 shares of the company’s stock valued at $30,000 after purchasing an additional 302 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Shake Shack during the third quarter worth $38,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Shake Shack Stock Up 4.7%

Shares of SHAK opened at $92.76 on Thursday. The company has a market capitalization of $3.96 billion, a P/E ratio of 90.94, a PEG ratio of 2.71 and a beta of 1.75. Shake Shack has a one year low of $72.93 and a one year high of $144.65. The business’s 50 day simple moving average is $87.26 and its 200-day simple moving average is $96.63. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.84 and a quick ratio of 1.81.

About Shake Shack

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.