Shake Shack (NYSE:SHAK) Hits New 12-Month Low – Here’s Why

Shake Shack Inc. (NYSE:SHAK)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $75.95 and last traded at $75.29, with a volume of 594099 shares. The stock had previously closed at $84.21.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a research note on Friday, January 17th. TD Securities reaffirmed a “buy” rating and set a $140.00 price objective on shares of Shake Shack in a research report on Friday, February 21st. Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research note on Wednesday, January 8th. UBS Group lifted their price target on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Shake Shack from $107.00 to $105.00 and set an “underweight” rating on the stock in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $124.20.

Shake Shack Stock Performance

The company has a market cap of $3.34 billion, a PE ratio of 341.15 and a beta of 1.80. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. The business has a 50-day moving average of $102.14 and a 200 day moving average of $114.69.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $328.68 million for the quarter, compared to analysts’ expectations of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. Equities research analysts anticipate that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Shake Shack

Hedge funds have recently modified their holdings of the business. Louisiana State Employees Retirement System lifted its position in Shake Shack by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company’s stock valued at $2,518,000 after purchasing an additional 100 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Shake Shack by 5.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company’s stock worth $243,000 after buying an additional 100 shares during the period. Summit Financial LLC lifted its position in shares of Shake Shack by 1.1% during the 4th quarter. Summit Financial LLC now owns 13,083 shares of the company’s stock valued at $1,698,000 after buying an additional 139 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Shake Shack by 1.7% during the 4th quarter. Arizona State Retirement System now owns 11,024 shares of the company’s stock valued at $1,431,000 after buying an additional 182 shares in the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of Shake Shack by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 39,225 shares of the company’s stock valued at $5,091,000 after acquiring an additional 200 shares during the period. Institutional investors own 86.07% of the company’s stock.

Shake Shack Company Profile

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.