Weekly Analysts’ Ratings Changes for Shake Shack (SHAK)

A number of firms have modified their ratings and price targets on shares of Shake Shack (NYSE: SHAK) recently:

• 11/1/2024 – Shake Shack had its price target raised by analysts at Truist Financial Co. from $127.00 to $144.00. They now have a “buy” rating on the stock.
• 10/31/2024 – Shake Shack had its price target raised by analysts at Barclays PLC from $115.00 to $125.00. They now have an “equal weight” rating on the stock.
• 10/28/2024 – Shake Shack had its price target raised by analysts at Oppenheimer Holdings Inc. from $122.00 to $135.00. They now have an “outperform” rating on the stock.
• 10/22/2024 – Shake Shack had its price target raised by analysts at Barclays PLC from $110.00 to $115.00. They now have an “equal weight” rating on the stock.
• 9/24/2024 – Shake Shack had its “underweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $102.00 price target on the stock, down previously from $105.00.
• 9/18/2024 – Shake Shack had its “buy” rating reaffirmed by analysts at TD Cowen. They now have a $125.00 price target on the stock.

Shake Shack Stock Down 0.2 %

Shares of Shake Shack stock traded down $0.29 during trading hours on Tuesday, reaching $130.44. The company’s stock had a trading volume of 798,119 shares, compared to its average volume of 944,765. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.01. The company has a market capitalization of $5.54 billion, a P/E ratio of 767.29, a P/E/G ratio of 3.01 and a beta of 1.81. The stock’s fifty day simple moving average is $109.32 and its two-hundred day simple moving average is $100.23. Shake Shack Inc. has a one year low of $54.56 and a one year high of $134.90.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The company had revenue of $316.92 million for the quarter, compared to analyst estimates of $316.03 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, research analysts forecast that Shake Shack Inc. will post 0.81 earnings per share for the current year.

Insider Transactions at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 321 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $98.57, for a total value of $31,640.97. Following the transaction, the chief financial officer now owns 36,822 shares in the company, valued at $3,629,544.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Shake Shack news, CFO Katherine Irene Fogertey sold 321 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $98.57, for a total transaction of $31,640.97. Following the completion of the sale, the chief financial officer now directly owns 36,822 shares of the company’s stock, valued at approximately $3,629,544.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel Harris Meyer sold 30,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $121.79, for a total value of $3,653,700.00. Following the completion of the sale, the director now owns 407,646 shares of the company’s stock, valued at approximately $49,647,206.34. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,433 shares of company stock worth $8,757,256. 9.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Shake Shack

Several hedge funds have recently bought and sold shares of SHAK. Algert Global LLC boosted its holdings in Shake Shack by 49.3% in the third quarter. Algert Global LLC now owns 5,640 shares of the company’s stock worth $582,000 after acquiring an additional 1,862 shares in the last quarter. Champlain Investment Partners LLC boosted its holdings in Shake Shack by 4.7% during the third quarter. Champlain Investment Partners LLC now owns 614,747 shares of the company’s stock worth $63,448,000 after buying an additional 27,707 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Shake Shack by 7.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 353,501 shares of the company’s stock valued at $36,485,000 after purchasing an additional 24,813 shares during the period. Intech Investment Management LLC increased its holdings in Shake Shack by 396.1% in the 3rd quarter. Intech Investment Management LLC now owns 34,303 shares of the company’s stock worth $3,540,000 after acquiring an additional 27,389 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Shake Shack during the 3rd quarter worth about $39,677,000. Institutional investors own 86.07% of the company’s stock.

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.