Shake Shack (NYSE:SHAK) Hits New 1-Year High at $70.31

Shake Shack Inc (NYSE:SHAK) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $70.31 and last traded at $69.93, with a volume of 35277 shares traded. The stock had previously closed at $67.11.

SHAK has been the topic of a number of recent research reports. TheStreet upgraded Shake Shack from a “c” rating to a “b” rating in a report on Friday, May 3rd. SunTrust Banks raised their price objective on Shake Shack to $70.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Morgan Stanley raised their price objective on Shake Shack from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Zacks Investment Research upgraded Shake Shack from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Stifel Nicolaus raised their price objective on Shake Shack from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $57.89.

The company has a debt-to-equity ratio of 0.94, a current ratio of 1.17 and a quick ratio of 1.15. The stock’s 50 day simple moving average is $62.93. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 101.39, a P/E/G ratio of 5.37 and a beta of 1.33.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate 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 return on equity of 9.64% and a net margin of 2.88%. The business’s revenue was up 33.7% on a year-over-year basis. During the same period last year, the business earned $0.15 EPS. Research analysts expect that Shake Shack Inc will post 0.58 EPS for the current year.

In other news, COO Zach Koff sold 5,000 shares of Shake Shack stock in a transaction on Monday, June 10th. The stock was sold at an average price of $64.50, for a total transaction of $322,500.00. Following the sale, the chief operating officer now directly owns 12,880 shares in the company, valued at approximately $830,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Randall J. Garutti sold 25,000 shares of Shake Shack stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $67.03, for a total value of $1,675,750.00. Following the sale, the chief executive officer now owns 98,555 shares in the company, valued at $6,606,141.65. The disclosure for this sale can be found here. Insiders have sold a total of 1,089,923 shares of company stock worth $65,383,148 over the last quarter. Company insiders own 21.85% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in Shake Shack in the 1st quarter worth about $80,000. Everence Capital Management Inc. purchased a new stake in Shake Shack in the 1st quarter worth about $241,000. LS Investment Advisors LLC increased its holdings in Shake Shack by 4.7% in the 1st quarter. LS Investment Advisors LLC now owns 4,372 shares of the company’s stock worth $259,000 after acquiring an additional 196 shares during the last quarter. LPL Financial LLC increased its holdings in Shake Shack by 5.2% in the 4th quarter. LPL Financial LLC now owns 5,015 shares of the company’s stock worth $228,000 after acquiring an additional 248 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Shake Shack in the 1st quarter worth about $302,000. Institutional investors own 84.37% of the company’s stock.

Shake Shack Company Profile (NYSE:SHAK)

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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