Weiss Ratings Reiterates “Hold (C)” Rating for Shake Shack (NYSE:SHAK)

Shake Shack (NYSE:SHAK)‘s stock had its “hold (c)” rating reiterated by stock analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Other equities research analysts have also recently issued research reports about the company. Loop Capital restated a “hold” rating and set a $127.00 price objective on shares of Shake Shack in a report on Tuesday, July 8th. UBS Group dropped their price target on shares of Shake Shack from $140.00 to $104.00 and set a “neutral” rating for the company in a research report on Thursday. Sanford C. Bernstein set a $166.00 price target on shares of Shake Shack and gave the company an “overweight” rating in a research report on Thursday, June 26th. TD Securities reiterated a “hold” rating and issued a $105.00 price target on shares of Shake Shack in a research report on Thursday, June 26th. Finally, The Goldman Sachs Group dropped their price target on shares of Shake Shack from $160.00 to $137.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $123.00.

Shake Shack Trading Up 0.5%

Shares of NYSE:SHAK opened at $91.91 on Friday. Shake Shack has a 12-month low of $72.93 and a 12-month high of $144.65. The stock has a market cap of $3.92 billion, a PE ratio of 199.82, a P/E/G ratio of 2.22 and a beta of 1.65. The business has a 50 day moving average of $97.87 and a 200-day moving average of $110.40. The company has a quick ratio of 1.89, a current ratio of 1.92 and a debt-to-equity ratio of 0.48.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The company had revenue of $356.47 million during the quarter, compared to analysts’ expectations of $352.56 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Shake Shack will post 1.26 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SHAK. Holocene Advisors LP acquired a new position in Shake Shack during the second quarter valued at approximately $115,432,000. Nuveen LLC acquired a new position in shares of Shake Shack during the first quarter worth $42,802,000. Ameriprise Financial Inc. increased its holdings in shares of Shake Shack by 144.3% during the first quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company’s stock worth $69,805,000 after buying an additional 467,748 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Shake Shack by 57.1% during the second quarter. Jennison Associates LLC now owns 593,971 shares of the company’s stock worth $83,512,000 after buying an additional 215,984 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Shake Shack during the first quarter worth $17,064,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.

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.