Shake Shack’s (SHAK) Buy Rating Reaffirmed at TD Securities

Shake Shack (NYSE:SHAK)‘s stock had its “buy” rating reaffirmed by equities research analysts at TD Securities in a note issued to investors on Friday,Benzinga reports. They presently have a $140.00 price objective on the stock. TD Securities’ price objective would indicate a potential upside of 12.97% from the stock’s current price.

SHAK has been the subject of a number of other reports. Wedbush boosted their price target on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday. Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a research note on Wednesday, January 8th. Truist Financial lowered their price target on shares of Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Stifel Nicolaus cut their price objective on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a report on Friday, January 17th. Finally, Oppenheimer increased their target price on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Shake Shack has an average rating of “Hold” and a consensus price target of $124.89.

Shake Shack Stock Up 11.4 %

NYSE:SHAK opened at $123.92 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. The company’s fifty day moving average price is $122.24 and its 200-day moving average price is $116.17. Shake Shack has a 1-year low of $77.50 and a 1-year high of $139.89. The firm has a market capitalization of $5.26 billion, a P/E ratio of 728.96 and a beta of 1.86.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. As a group, equities research analysts anticipate that Shake Shack will post 0.9 EPS for the current year.

Insider Activity at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 642 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the sale, the chief financial officer now directly owns 30,717 shares in the company, valued at $4,223,894.67. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Shake Shack

A number of institutional investors have recently added to or reduced their stakes in the stock. Nemes Rush Group LLC purchased a new stake in Shake Shack in the 4th quarter valued at $29,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Shake Shack during the 4th quarter valued at about $32,000. Transcendent Capital Group LLC acquired a new position in shares of Shake Shack during the 4th quarter valued at about $52,000. R Squared Ltd purchased a new stake in shares of Shake Shack in the fourth quarter valued at about $56,000. Finally, Montag & Caldwell LLC acquired a new stake in Shake Shack during the fourth quarter worth about $68,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

About Shake Shack

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.