A number of other analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of HB Fuller from a sell rating to a hold rating in a research report on Wednesday, July 3rd. Stifel Nicolaus set a $95.00 target price on shares of C.H. Robinson Worldwide and gave the company a buy rating in a research report on Friday, May 3rd. SunTrust Banks lifted their price target on shares of Paylocity to $108.00 and gave the stock a positive rating in a report on Friday, May 3rd. Longbow Research lowered shares of Texas Instruments from a buy rating to a neutral rating and set a $116.20 price target on the stock. in a report on Wednesday, April 17th. Finally, TheStreet downgraded shares of Viewray from a c- rating to a d rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Shake Shack presently has an average rating of Hold and a consensus target price of $57.89.
Shares of SHAK opened at $75.48 on Friday. Shake Shack has a 12 month low of $40.67 and a 12 month high of $75.64. The stock’s 50 day simple moving average is $66.45. The company has a market capitalization of $2.80 billion, a PE ratio of 109.39, a PEG ratio of 5.75 and a beta of 1.41. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.17 and a quick ratio of 1.15.
Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $132.60 million for the quarter, compared to analysts’ expectations of $127.23 million. Shake Shack had a net margin of 2.88% and a return on equity of 9.64%. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share. As a group, sell-side analysts forecast that Shake Shack will post 0.58 EPS for the current year.
In related news, Director Daniel Harris Meyer sold 21,370 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $70.19, for a total transaction of $1,499,960.30. Following the sale, the director now owns 1,411 shares of the company’s stock, valued at approximately $99,038.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan D. Sokoloff sold 9,078 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $57.77, for a total transaction of $524,436.06. The disclosure for this sale can be found here. Insiders have sold a total of 899,276 shares of company stock worth $55,858,844 in the last ninety days. 21.85% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in SHAK. Oregon Public Employees Retirement Fund boosted its position in Shake Shack by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,010 shares of the company’s stock valued at $592,000 after buying an additional 181 shares during the period. LS Investment Advisors LLC boosted its position in Shake Shack by 4.7% during the 1st quarter. LS Investment Advisors LLC now owns 4,372 shares of the company’s stock valued at $259,000 after buying an additional 196 shares during the period. LPL Financial LLC boosted 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 valued at $228,000 after buying an additional 248 shares during the period. Arizona State Retirement System boosted its position in Shake Shack by 0.7% during the 1st quarter. Arizona State Retirement System now owns 40,097 shares of the company’s stock valued at $2,372,000 after buying an additional 294 shares during the period. Finally, Mason Street Advisors LLC boosted its position in Shake Shack by 4.0% during the 1st quarter. Mason Street Advisors LLC now owns 8,348 shares of the company’s stock valued at $494,000 after buying an additional 321 shares during the period. 84.37% of the stock is owned by 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, 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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