Market Analysts see Shake Shack Inc. [SHAK] gaining to $77. Time to buy?

Shake Shack Inc. [NYSE: SHAK] price surged by 5.99 percent to reach at $5.15. The company report on November 25, 2020 that Shake Shack to Participate in December Virtual Investor Conferences.

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Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK), announced that the Company will participate in the following virtual investor conferences in December:.

On Tuesday, December 1, 2020, the Company will be hosting a fireside chat at the Morgan Stanley Virtual Global Consumer & Retail Conference. The fireside chat will begin at 11:00 a.m. ET.

A sum of 1322472 shares traded at recent session while its average daily volume was at 818.16K shares. Shake Shack Inc. shares reached a high of $91.39 and dropped to a low of $85.93 until finishing in the latest session at $91.08.

The one-year SHAK stock forecast points to a potential downside of -30.34. The average equity rating for SHAK stock is currently 2.80, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Shake Shack Inc. [SHAK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SHAK shares is $69.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SHAK stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wedbush have made an estimate for Shake Shack Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 20, 2020. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Outperform. The new note on the price target was released on October 23, 2020, representing the official price target for Shake Shack Inc. stock. Previously, the target price had yet another raise to $78, while Loop Capital analysts kept a Buy rating on SHAK stock.

The Average True Range (ATR) for Shake Shack Inc. is set at 3.45, with the Price to Sales ratio for SHAK stock in the period of the last 12 months amounting to 7.37. The Price to Book ratio for the last quarter was 8.34, with the Price to Cash per share for the same quarter was set at 4.59.

SHAK Stock Performance Analysis:

Shake Shack Inc. [SHAK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.57. With this latest performance, SHAK shares gained by 15.35% in over the last four-week period, additionally plugging by 67.09% over the last 6 months – not to mention a rise of 50.57% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SHAK stock in for the last two-week period is set at 69.47, with the RSI for the last a single of trading hit 73.69, and the three-weeks RSI is set at 66.80 for Shake Shack Inc. [SHAK]. The present Moving Average for the last 50 days of trading for this stock 77.03, while it was recorded at 87.18 for the last single week of trading, and 59.00 for the last 200 days.

Insight into Shake Shack Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Shake Shack Inc. [SHAK] shares currently have an operating margin of +7.04 and a Gross Margin at +18.03. Shake Shack Inc.’s Net Margin is presently recorded at +3.33.

Return on Total Capital for SHAK is now 8.75, given the latest momentum, and Return on Invested Capital for the company is 4.64. Return on Equity for this stock inclined to 7.55, with Return on Assets sitting at 2.50. When it comes to the capital structure of this company, Shake Shack Inc. [SHAK] has a Total Debt to Total Equity ratio set at 113.93. Additionally, SHAK Total Debt to Total Capital is recorded at 53.25, with Total Debt to Total Assets ending up at 34.99. Long-Term Debt to Equity for the company is recorded at 103.26, with the Long-Term Debt to Total Capital now at 48.27.

Reflecting on the efficiency of the workforce at the company, Shake Shack Inc. [SHAK] managed to generate an average of $2,608 per employee. Receivables Turnover for the company is 57.92 with a Total Asset Turnover recorded at a value of 0.75.Shake Shack Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 2.00.

SHAK Stock EPS

With the latest financial reports released by the company, Shake Shack Inc. posted 0.06/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SHAK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Shake Shack Inc. go to -10.62%.

Shake Shack Inc. [SHAK] Insider Position Details

There are presently around $3,392 million, or 98.80% of SHAK stock, in the hands of institutional investors. The top three institutional holders of SHAK stocks are: BLACKROCK INC. with ownership of 5,062,670, which is approximately -1.629% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 3,635,878 shares of the stock with an approximate value of $331.16 million in SHAK stocks shares; and SELECT EQUITY GROUP, L.P., currently with $272.37 million in SHAK stock with ownership of nearly 77.45% of the company’s market capitalization.

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Positions in Shake Shack Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 129 institutional holders increased their position in Shake Shack Inc. [NYSE:SHAK] by around 5,216,778 shares. Additionally, 110 investors decreased positions by around 6,268,089 shares, while 49 investors held positions by with 25,757,315 shares. The mentioned changes placed institutional holdings at 37,242,182 shares, according to the latest SEC report filing. SHAK stock had 51 new institutional investments in for a total of 2,706,522 shares, while 40 institutional investors sold positions of 2,552,286 shares during the same period.

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