A number of other research firms have also commented on SHAK. SunTrust Banks set a $54.00 price target on Shake Shack and gave the stock a buy rating in a research report on Friday, February 16th. Jefferies Group lowered Shake Shack from a hold rating to an underperform rating and set a $36.00 price target on the stock. in a research report on Friday, December 22nd. Wedbush reaffirmed a hold rating and set a $38.00 price target on shares of Shake Shack in a research report on Friday, February 16th. Barclays dropped their price target on Shake Shack from $49.00 to $45.00 and set an equal weight rating on the stock in a research report on Friday, February 16th. Finally, Cowen raised their price target on Shake Shack from $36.00 to $42.00 and gave the stock a market perform rating in a research report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Shake Shack has an average rating of Hold and a consensus target price of $39.73.
Shake Shack stock opened at $41.08 on Friday. Shake Shack has a one year low of $30.12 and a one year high of $47.39. The firm has a market capitalization of $1,508.68, a PE ratio of -513.44, a price-to-earnings-growth ratio of 3.99 and a beta of 1.41.
In related news, COO Zach Koff sold 3,000 shares of the stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $40.98, for a total transaction of $122,940.00. Following the completion of the transaction, the chief operating officer now directly owns 6,978 shares in the company, valued at $285,958.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeffrey Flug sold 25,000 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $42.36, for a total value of $1,059,000.00. Following the transaction, the director now owns 4,415 shares of the company’s stock, valued at $187,019.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 531,276 shares of company stock worth $22,352,826. 34.91% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Wasatch Advisors Inc. bought a new position in Shake Shack in the third quarter valued at approximately $1,994,000. OxFORD Asset Management LLP bought a new position in Shake Shack in the third quarter valued at approximately $1,423,000. Sylebra HK Co Ltd grew its stake in Shake Shack by 2.6% in the third quarter. Sylebra HK Co Ltd now owns 1,001,849 shares of the company’s stock valued at $33,291,000 after purchasing an additional 25,546 shares in the last quarter. OppenheimerFunds Inc. grew its stake in Shake Shack by 39.1% in the fourth quarter. OppenheimerFunds Inc. now owns 1,005,241 shares of the company’s stock valued at $43,427,000 after purchasing an additional 282,404 shares in the last quarter. Finally, Maverick Capital Ltd. bought a new position in Shake Shack in the fourth quarter valued at approximately $7,601,000. Institutional investors and hedge funds own 81.79% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Shake Shack (SHAK) Downgraded by TheStreet” was published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://stocknewstimes.com/2018/03/20/shake-shack-shak-downgraded-by-thestreet.html.
Shake Shack Company Profile
Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.
Receive News & Ratings for Shake Shack Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shake Shack and related companies with MarketBeat.com's FREE daily email newsletter.