Shake Shack (SHAK) Earns Daily News Impact Rating of 0.09

The firm earned "Hold" rating on Tuesday, June 20 by Jefferies. Jefferies Group also issued estimates for Shake Shack's Q1 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.05 EPS and FY2019 earnings at $0.65 EPS.

A number of research analysts have recently commented on the company. The rating was upgraded by Longbow to "Buy" on Wednesday, March 30. SunTrust Banks reiterated a "buy" rating and set a $48.00 target price on shares of Shake Shack in a research report on Thursday, October 12th. Cowen & Co maintained it with "Hold" rating and $36.0 target in Thursday, November 2 report. Morgan Stanley upgraded shares of Shake Shack from an "underweight" rating to an "equal weight" rating and dropped their target price for the stock from $43.04 to $34.00 in a research report on Thursday, December 7th. Vetr upgraded it to "Hold" rating and $55.69 target in Thursday, August 20 report. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. The firm earned "Hold" rating on Monday, September 18 by Stifel Nicolaus.

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Shares of Shake Shack (NYSE:SHAK) traded down $0.33 during midday trading on Friday, reaching $43.15. The stock has a market cap of $1,620.00 and a PE ratio of 71.35. As of December 28, 2016, it had 114 Shacks, including 64 domestic company-operated Shacks, 7 domestic licensed Shacks, and 43 worldwide licensed Shacks. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. The firm had revenue of $94.60 million for the quarter, compared to analyst estimates of $94.17 million. Shake Shack had a net margin of 4.78% and a return on equity of 9.42%. The firm's quarterly revenue was up 26.8% compared to the same quarter past year. During the same quarter a year ago, the company posted $0.15 EPS.

Several other large investors have also bought and sold shares of the stock. FMR LLC raised its position in shares of Shake Shack by 5.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,371 shares of the company's stock valued at $152,000 after purchasing an additional 656 shares during the period. Victory Capital Management Inc. boosted its position in Shake Shack by 17.7% during the second quarter. Another trade for 1,359 shares valued at $155,188 was sold by Cole Matthew M. Bilolikar Sunil K sold 2,394 shares worth $265,564.

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On Friday, November 3rd, Equity Group L.P. Select sold 50,630 shares of Shake Shack stock. Sylebra HK Co Ltd now owns 1,001,849 shares of the company's stock valued at $33,291,000 after acquiring an additional 25,546 shares during the period. Pacad Investment Ltd. boosted its position in Shake Shack by 1,225.0% during the second quarter. The firm owned 6,710 shares of the company's stock at the end of the fourth quarter. Finally, Lord Abbett & CO. Municipal Employees Retirement System of MI grew its holdings in Shake Shack by 6.8% in the 2nd quarter. US Bancorp DE raised its stake in shares of Shake Shack by 34.1% in the 2nd quarter.

In related news, Director Daniel Harris Meyer sold 45,000 shares of the business's stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $38.01, for a total value of $760,200.00. 405,336 shares of the company were exchanged, compared to its average volume of 784,261. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Randall J. Garutti sold 8,000 shares of the stock in a transaction that occurred on Wednesday, October 25th. Following the completion of the transaction, the director now owns 642 shares in the company, valued at approximately $23,285.34. The disclosure for this sale can be found here. The stock decreased 1.34% or $0.59 during the last trading session, reaching $43.65. Current price level places the company's stock about -8.25% from the 52-week high and 44.36% away from the 52-week low. If you are reading this news story on another website, it was copied illegally and republished in violation of USA and global copyright law. If you are accessing this piece on another website, it was stolen and reposted in violation of worldwide copyright & trademark legislation.

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Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants in the United States and internationally.

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