Robert W. Baird Has Lowered Expectations for Shake Shack (NYSE:SHAK) Stock Price

Shake Shack (NYSE:SHAK) had its price target decreased by research analysts at Robert W. Baird from $98.00 to $85.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 8.33% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company started coverage on shares of Shake Shack in a research report on Wednesday, March 26th. They issued an “equal weight” rating and a $95.00 price target on the stock. Truist Financial raised their price target on Shake Shack from $143.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Gordon Haskett raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research report on Wednesday, January 8th. Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $125.00 to $159.00 in a research report on Tuesday, January 7th. Finally, Oppenheimer upped their price target on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. One 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $123.20.

Shake Shack Stock Performance

Shares of NYSE SHAK opened at $78.46 on Monday. The company has a market cap of $3.34 billion, a P/E ratio of 341.15 and a beta of 1.80. Shake Shack has a 52-week low of $72.98 and a 52-week high of $139.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The firm’s fifty day moving average is $102.14 and its two-hundred day moving average is $114.77.

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

Institutional Trading of Shake Shack

Large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Shake Shack by 13.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,192 shares of the company’s stock worth $544,000 after purchasing an additional 489 shares during the last quarter. Jefferies Financial Group Inc. raised its position in Shake Shack by 98.4% during the 4th quarter. Jefferies Financial Group Inc. now owns 21,819 shares of the company’s stock worth $2,832,000 after buying an additional 10,819 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Shake Shack by 9.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 31,370 shares of the company’s stock valued at $4,072,000 after acquiring an additional 2,690 shares during the period. RB Capital Management LLC purchased a new stake in shares of Shake Shack in the 4th quarter valued at $286,000. Finally, Woodline Partners LP increased its stake in shares of Shake Shack by 6.7% in the fourth quarter. Woodline Partners LP now owns 60,378 shares of the company’s stock worth $7,837,000 after acquiring an additional 3,809 shares during the period. Hedge funds and other 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.