An original spectral study of the compressible hybrid lattice Boltzmann method (HLBM) on standard lattice is proposed. In this framework, the mass and momentum equations are addressed using the lattice Boltzmann method (LBM), while finite difference (FD) schemes solve an energy equation. Both systems are coupled with each other thanks to an ideal gas equation of state. This work aims at answering some questions regarding the numerical stability of such models, which strongly depends on the choice of numerical parameters. To this extent, several one- and two-dimensional HLBM classes based on different energy variables, formulations (primitive or conservative), collision terms and numerical schemes are scrutinized. Once appropriate corrective terms introduced, it is shown that all continuous HLBM classes recover the Navier-Stokes-Fourier behavior in the linear approximation. However, striking differences arise between HLBM classes when their discrete counterparts are analyzed. Multiple instability mechanisms arising at relatively high Mach number are pointed out and two exhaustive stabilization strategies are introduced: (1) decreasing the time step by changing the reference temperature Tr and (2) introducing a controllable numerical dissipation σ via the collision operator. A complete parametric study reveals that only HLBM classes based on the primitive and conservative entropy equations are found usable for compressible applications. Finally, an innovative study of the macroscopic modal composition of the entropy classes is conducted. Through this study, two original phenomena, referred to as shear-to-entropy and entropy-to-shear transfers, are highlighted and confirmed on standard two-dimensional test cases.