Shake Shack (NYSE:SHAK) Receives “Buy” Rating from TD Cowen

TD Cowen reaffirmed their buy rating on shares of Shake Shack (NYSE:SHAK – Free Report) in a research note issued to investors on Wednesday, Benzinga reports. TD Cowen currently has a $125.00 target price on the stock.

Other equities analysts have also issued reports about the company. Robert W. Baird increased their price target on Shake Shack from $67.00 to $82.00 and gave the company a neutral rating in a research note on Tuesday, February 13th. UBS Group raised their price objective on Shake Shack from $80.00 to $88.00 and gave the company a neutral rating in a research note on Monday, February 12th. JPMorgan Chase & Co. raised their price objective on Shake Shack from $65.00 to $100.00 and gave the company an underweight rating in a research note on Monday, March 4th. Oppenheimer raised their price objective on Shake Shack from $108.00 to $120.00 and gave the company an outperform rating in a research note on Friday, March 22nd. Finally, HSBC initiated coverage on Shake Shack in a research note on Wednesday, December 20th. They issued a hold rating and a $74.00 price objective for the company. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $86.39.

View Our Latest Report on SHAK

Shake Shack Price Performance

Shares of Shake Shack stock opened at $98.61 on Wednesday. The stock has a 50 day moving average of $97.51 and a 200 day moving average of $75.41. Shake Shack has a 12 month low of $52.64 and a 12 month high of $110.90. The firm has a market cap of $4.17 billion, a PE ratio of 214.37, a PEG ratio of 3.86 and a beta of 1.80. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.52.

Shake Shack (NYSE:SHAK – Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.02 EPS for the quarter. Shake Shack had a return on equity of 3.67% and a net margin of 1.82%. The company had revenue of $286.20 million during the quarter, compared to analyst estimates of $280.45 million. During the same period in the prior year, the company earned ($0.06) earnings per share. The firm’s revenue was up 20.0% on a year-over-year basis. On average, research analysts expect that Shake Shack will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling

In other Shake Shack news, Director Daniel Harris Meyer sold 23,966 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $100.13, for a total transaction of $2,399,715.58. Following the transaction, the director now directly owns 526,471 shares in the company, valued at approximately $52,715,541.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total transaction of $31,315.04. Following the transaction, the director now directly owns 3,754 shares in the company, valued at approximately $386,699.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel Harris Meyer sold 23,966 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $100.13, for a total value of $2,399,715.58. Following the transaction, the director now owns 526,471 shares in the company, valued at $52,715,541.23. The disclosure for this sale can be found here. In the last three months, insiders sold 100,912 shares of company stock valued at $10,201,834. Insiders own 10.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SHAK. GAMMA Investing LLC purchased a new position in shares of Shake Shack in the 4th quarter valued at $32,000. Ramirez Asset Management Inc. purchased a new position in shares of Shake Shack in the 3rd quarter valued at $35,000. Natixis purchased a new position in shares of Shake Shack in the 4th quarter valued at $53,000. Tower Research Capital LLC TRC increased its holdings in shares of Shake Shack by 67.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 989 shares of the company’s stock valued at $55,000 after acquiring an additional 400 shares during the period. Finally, C M Bidwell & Associates Ltd. increased its holdings in shares of Shake Shack by 122.6% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 1,111 shares of the company’s stock valued at $65,000 after acquiring an additional 612 shares during the period. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Shake Shack Company Profile

(Get Free Report)

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.

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