Weekly Research Analysts’ Ratings Updates for Shake Shack (SHAK)

Several analysts have recently updated their ratings and price targets for Shake Shack (NYSE: SHAK):

  • 3/14/2019 – Shake Shack was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shake Shack Inc. is engaged in owning and operating restaurants. The company offers burgers, hot dogs, frozen custard, crinkle cut fries, beer and wine. It operates primarily in New York, New Jersey, Washington, D.C., Connecticut, Georgia, Illinois, Pennsylvania, Florida, Massachusetts, Virginia, Nevada, London, Istanbul and Dubai. Shake Shack Inc. is headquartered in New York. “
  • 3/7/2019 – Shake Shack was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shake Shack Inc. is engaged in owning and operating restaurants. The company offers burgers, hot dogs, frozen custard, crinkle cut fries, beer and wine. It operates primarily in New York, New Jersey, Washington, D.C., Connecticut, Georgia, Illinois, Pennsylvania, Florida, Massachusetts, Virginia, Nevada, London, Istanbul and Dubai. Shake Shack Inc. is headquartered in New York. “
  • 3/1/2019 – Shake Shack was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shake Shack Inc. is engaged in owning and operating restaurants. The company offers burgers, hot dogs, frozen custard, crinkle cut fries, beer and wine. It operates primarily in New York, New Jersey, Washington, D.C., Connecticut, Georgia, Illinois, Pennsylvania, Florida, Massachusetts, Virginia, Nevada, London, Istanbul and Dubai. Shake Shack Inc. is headquartered in New York. “
  • 2/26/2019 – Shake Shack had its price target lowered by analysts at Wedbush from $56.00 to $54.00. They now have a “neutral” rating on the stock.

Shares of Shake Shack stock opened at $54.77 on Friday. Shake Shack Inc has a 52-week low of $39.77 and a 52-week high of $70.12. The company has a market capitalization of $1.97 billion, a PE ratio of 77.14, a PEG ratio of 3.80 and a beta of 1.44.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Monday, February 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. Shake Shack had a net margin of 3.30% and a return on equity of 9.57%. The firm had revenue of $124.30 million for the quarter, compared to the consensus estimate of $119.08 million. During the same quarter in the previous year, the firm earned $0.10 EPS. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. As a group, research analysts forecast that Shake Shack Inc will post 0.62 earnings per share for the current year.

In other Shake Shack news, CEO Randall J. Garutti sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 26th. The shares were sold at an average price of $42.23, for a total transaction of $1,055,750.00. Following the sale, the chief executive officer now owns 43,041 shares of the company’s stock, valued at approximately $1,817,621.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Randall J. Garutti sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $48.04, for a total transaction of $480,400.00. Following the sale, the chief executive officer now directly owns 28,041 shares in the company, valued at approximately $1,347,089.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 455,606 shares of company stock worth $23,871,286. Insiders own 30.18% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors Inc. grew its position in Shake Shack by 4.0% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 6,130 shares of the company’s stock worth $278,000 after purchasing an additional 233 shares during the last quarter. LPL Financial LLC grew its position in Shake Shack by 5.2% during the 4th quarter. LPL Financial LLC now owns 5,015 shares of the company’s stock worth $228,000 after purchasing an additional 248 shares during the last quarter. Markel Corp grew its position in Shake Shack by 0.8% during the 4th quarter. Markel Corp now owns 31,350 shares of the company’s stock worth $1,424,000 after purchasing an additional 250 shares during the last quarter. Sapphire Star Partners LP grew its position in Shake Shack by 2.8% during the 4th quarter. Sapphire Star Partners LP now owns 9,212 shares of the company’s stock worth $419,000 after purchasing an additional 253 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in Shake Shack by 3.8% during the 4th quarter. State of Alaska Department of Revenue now owns 8,639 shares of the company’s stock worth $392,000 after purchasing an additional 315 shares during the last quarter. 83.39% of the stock is currently owned by institutional investors.

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 October 9, 2018, it operated 180 locations in 26 U.S.

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