Shake Shack (NYSE:SHAK) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen lowered shares of Shake Shack (NYSE:SHAK) from a hold rating to a strong sell rating in a report published on Saturday.

Other research analysts also recently issued reports about the stock. The Goldman Sachs Group restated a “buy” rating on shares of Shake Shack in a research report on Friday, May 8th. Oppenheimer set a $100.00 price target on shares of Shake Shack in a research report on Friday, May 8th. TD Cowen reduced their price target on shares of Shake Shack from $105.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, May 7th. Wells Fargo & Company dropped their price objective on shares of Shake Shack from $100.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Shake Shack from $100.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $107.08.

Shake Shack Stock Down 2.4%

Shares of NYSE:SHAK opened at $60.42 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.66 and a debt-to-equity ratio of 0.45. Shake Shack has a 12 month low of $59.93 and a 12 month high of $144.65. The company has a 50-day moving average price of $90.37 and a 200 day moving average price of $89.85. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 61.66, a PEG ratio of 2.50 and a beta of 1.78.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.11). The firm had revenue of $366.74 million during the quarter, compared to the consensus estimate of $372.43 million. Shake Shack had a return on equity of 9.62% and a net margin of 2.76%.The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. As a group, equities research analysts predict that Shake Shack will post 1.24 earnings per share for the current year.

Insider Transactions at Shake Shack

In related news, insider Stephanie Ann Sentell sold 258 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $102.21, for a total transaction of $26,370.18. Following the transaction, the insider owned 15,084 shares of the company’s stock, valued at approximately $1,541,735.64. The trade was a 1.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 8.32% of the company’s stock.

Institutional Investors Weigh In On Shake Shack

A number of institutional investors have recently bought and sold shares of SHAK. Hilton Head Capital Partners LLC acquired a new stake in Shake Shack during the fourth quarter worth $25,000. Geneos Wealth Management Inc. acquired a new stake in Shake Shack during the first quarter worth $26,000. Assetmark Inc. boosted its stake in Shake Shack by 457.6% during the fourth quarter. Assetmark Inc. now owns 368 shares of the company’s stock worth $30,000 after buying an additional 302 shares in the last quarter. UMB Bank n.a. boosted its stake in Shake Shack by 42.2% during the fourth quarter. UMB Bank n.a. now owns 391 shares of the company’s stock worth $32,000 after buying an additional 116 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp boosted its stake in Shake Shack by 68.5% during the third quarter. Murphy & Mullick Capital Management Corp now owns 418 shares of the company’s stock worth $38,000 after buying an additional 170 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

About Shake Shack

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.