Shake Shack Inc (NYSE:SHAK) has earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $56.11.

A number of brokerages recently issued reports on SHAK. Zacks Investment Research upgraded shares of Shake Shack from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. TheStreet upgraded shares of Shake Shack from a “c” rating to a “b” rating in a research report on Friday, May 3rd. SunTrust Banks raised their target price on shares of Shake Shack to $70.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Longbow Research lowered shares of Shake Shack from a “buy” rating to a “neutral” rating and set a $58.80 target price on the stock. in a research report on Wednesday, April 17th. They noted that the move was a valuation call. Finally, Morgan Stanley raised their target price on shares of Shake Shack from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd.

Shares of NYSE SHAK opened at $60.82 on Thursday. Shake Shack has a 1 year low of $40.67 and a 1 year high of $70.12. The company has a market cap of $2.25 billion, a P/E ratio of 85.66, a PEG ratio of 4.61 and a beta of 1.44. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.94.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.13. Shake Shack had a net margin of 2.88% and a return on equity of 9.64%. The firm had revenue of $132.60 million for the quarter, compared to analyst estimates of $127.23 million. During the same quarter last year, the business earned $0.15 earnings per share. Shake Shack’s revenue was up 33.7% compared to the same quarter last year. Sell-side analysts anticipate that Shake Shack will post 0.58 earnings per share for the current year.

In other Shake Shack news, Director Daniel Harris Meyer sold 75,000 shares of Shake Shack stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $61.55, for a total value of $4,616,250.00. Following the transaction, the director now owns 1,032 shares in the company, valued at approximately $63,519.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jonathan D. Sokoloff sold 28,585 shares of Shake Shack stock in a transaction on Friday, February 15th. The shares were sold at an average price of $53.02, for a total transaction of $1,515,576.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,252,129 shares of company stock worth $71,587,446. 21.85% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Truvestments Capital LLC acquired a new position in shares of Shake Shack during the 1st quarter valued at $80,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Shake Shack by 27.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,799 shares of the company’s stock valued at $82,000 after acquiring an additional 390 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in shares of Shake Shack by 155.3% during the 4th quarter. LS Investment Advisors LLC now owns 4,176 shares of the company’s stock valued at $190,000 after acquiring an additional 2,540 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of Shake Shack by 17.5% during the 4th quarter. Xact Kapitalforvaltning AB now owns 4,700 shares of the company’s stock valued at $213,000 after acquiring an additional 700 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Shake Shack by 5.2% during the 4th quarter. LPL Financial LLC now owns 5,015 shares of the company’s stock valued at $228,000 after acquiring an additional 248 shares in the last quarter. Institutional investors own 82.95% of the company’s stock.

Shake Shack Company Profile

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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Analyst Recommendations for Shake Shack (NYSE:SHAK)

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