Barclays Increases Shake Shack (NYSE:SHAK) Price Target to $115.00

Shake Shack (NYSE:SHAK) had its price objective boosted by Barclays from $110.00 to $115.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 5.96% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $115.00 price objective on shares of Shake Shack in a research report on Wednesday, August 28th. Bank of America upped their price target on shares of Shake Shack from $104.00 to $116.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Capital One Financial began coverage on shares of Shake Shack in a research report on Monday, July 29th. They issued an “overweight” rating and a $95.00 price objective for the company. Wedbush reiterated a “neutral” rating and set a $90.00 target price on shares of Shake Shack in a research report on Thursday, August 1st. Finally, Truist Financial reissued a “buy” rating and issued a $127.00 price target on shares of Shake Shack in a report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $107.67.

Shake Shack Stock Down 0.2 %

Shares of NYSE SHAK opened at $108.53 on Tuesday. The business has a fifty day moving average of $104.76 and a two-hundred day moving average of $97.97. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.03 and a current ratio of 2.06. Shake Shack has a 52-week low of $54.06 and a 52-week high of $113.50. The stock has a market cap of $4.61 billion, a PE ratio of 175.05, a PEG ratio of 3.25 and a beta of 1.83.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The firm had revenue of $316.50 million for the quarter, compared to analyst estimates of $314.37 million. Shake Shack had a net margin of 2.23% and a return on equity of 5.63%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 earnings per share. As a group, equities research analysts expect that Shake Shack will post 0.74 earnings per share for the current fiscal year.

Insider Activity at Shake Shack

In related news, Director Daniel Harris Meyer sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the completion of the transaction, the director now owns 470,437 shares in the company, valued at approximately $51,860,974.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Shake Shack news, Director Daniel Harris Meyer sold 10,000 shares of Shake Shack stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the transaction, the director now directly owns 470,437 shares in the company, valued at approximately $51,860,974.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Katherine Irene Fogertey sold 963 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $96.03, for a total value of $92,476.89. Following the completion of the sale, the chief financial officer now owns 37,464 shares of the company’s stock, valued at $3,597,667.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,330 shares of company stock worth $2,429,690 in the last ninety days. Company insiders own 9.73% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. RFG Advisory LLC raised its holdings in shares of Shake Shack by 16.9% during the first quarter. RFG Advisory LLC now owns 5,144 shares of the company’s stock worth $535,000 after acquiring an additional 743 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Shake Shack in the first quarter valued at about $25,000. Commonwealth Equity Services LLC boosted its position in shares of Shake Shack by 71.1% during the first quarter. Commonwealth Equity Services LLC now owns 7,973 shares of the company’s stock worth $829,000 after buying an additional 3,313 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Shake Shack by 7.8% during the first quarter. BNP Paribas Financial Markets now owns 41,487 shares of the company’s stock worth $4,316,000 after buying an additional 2,996 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Shake Shack in the 1st quarter valued at approximately $853,000. 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.