Shake Shack, Inc. (SHAK) Downgraded by BidaskClub

Rufina Vignone
Agosto 8, 2017

NA held its stake in shares of Shake Shack, Inc. (NYSE:SHAK) traded down 5.46% during mid-day trading on Friday, hitting $31.35.

Other research analysts also recently issued reports about the stock.

Wall Street analysts are predicting that Shake Shack Inc (NYSE:SHAK) will report earnings per share of $0.15 in their quarterly report. Finally, Piper Jaffray Companies assumed coverage on Shake Shack in a report on Wednesday, May 24th. Finally, Wedbush reaffirmed a hold rating and issued a $33.00 target price on shares of Shake Shack in a research note on Friday, May 5th. (The) dropped their price target on shares of Shake Shack from $34.00 to $30.00 and set a neutral rating on the stock in a research report on Thursday, April 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock.

Shake Shack Inc (NYSE:SHAK) has average revenue estimates of $94.98 Million, compared to low analyst estimates of $92 Million and high estimates of $99.8 Million for the current quarter. Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, May 4th.

During last 5 trades the stock sticks nearly -2.48%. Shake Shack has $56.34 highest and $30 lowest target. The company has a market cap of $888.36 million, a PE ratio of 64.11 and a beta of 1.32. Further back, their 200-Day Simple Moving Average is 27.86% difference from today's price.

Many analysts have provided their estimated foresights on Shake Shack Inc. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.02. The company had revenue of $76.70 million during the quarter, compared to analysts' expectations of $74.71 million.

The company has given a return on equity (ROE) of 8.80%. The company's revenue for the quarter was up 37.3% compared to the same quarter previous year.

Wells Fargo & Company MN decreased its stake in Shake Shack, Inc. They expect $0.16 EPS, up 14.29% or $0.02 from last year's $0.14 per share. NA Has $440,000 Position in Shake Shack, Inc. "(NYSE:SHAK)" was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and worldwide trademark & copyright laws. The legal version of this report can be read at https://rinconhillneighbors.org/2017/08/06/shake-shack-inc-nyseshak-lowered-to-strong-sell-at-bidaskclub.html. Also, Director Jeffrey Flug sold 3,321 shares of the stock in a transaction on Tuesday, May 23rd. Following the completion of the transaction, the chief executive officer now owns 26,961 shares in the company, valued at approximately $966,821.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

In other news, CEO Randall J. Garutti sold 16,000 shares of the stock in a transaction on Monday, June 26th. The shares were sold at an average price of $34.82, for a total value of $557,120.00. The disclosure for this sale can be found here. During the same period in the prior year, the business earned $0.14 earnings per share. They now have a Dollars 34 price target on the stock.

A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in Shake Shack during the fourth quarter valued at approximately $230,000. BNP Paribas Arbitrage SA increased its stake in shares of Shake Shack by 206.3% in the first quarter. LLC now owns 2,318,882 shares of the company's stock valued at $80,883,000 after buying an additional 128,075 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Shake Shack by 109.7% in the first quarter. State of Alaska Department of Revenue now owns 3,630 shares of the company's stock worth $126,000 after buying an additional 1,670 shares during the period. Finally, Municipal Employees Retirement System of MI purchased a new position in Shake Shack during the first quarter valued at about $137,000. It is positive, as 35 investors sold AME shares while 146 reduced holdings.

Shake Shack Inc operates roadside burger stands.

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