Shake Shack (NYSE:SHAK) Given New $125.00 Price Target at Wedbush

Shake Shack (NYSE:SHAK) had its price objective hoisted by Wedbush from $115.00 to $125.00 in a report issued on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

SHAK has been the subject of several other research reports. Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a research note on Wednesday, January 8th. Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $125.00 to $159.00 in a research report on Tuesday, January 7th. Truist Financial reduced their price objective on shares of Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Oppenheimer increased their target price on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus reduced their price target on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $125.50.

Shake Shack Trading Down 11.9 %

Shares of SHAK opened at $108.96 on Friday. Shake Shack has a 12-month low of $77.50 and a 12-month high of $139.89. The firm has a market capitalization of $4.63 billion, a P/E ratio of 640.94 and a beta of 1.86. The firm has a 50-day moving average price of $121.79 and a 200 day moving average price of $116.27. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.51.

Shake Shack (NYSE:SHAK) last posted its earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $328.68 million for the quarter, compared to analyst estimates of $329.02 million. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. Sell-side analysts forecast that Shake Shack will post 0.9 EPS for the current year.

Insider Activity at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 642 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total transaction of $88,281.42. Following the completion of the transaction, the chief financial officer now directly owns 30,717 shares of the company’s stock, valued at approximately $4,223,894.67. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.73% of the stock is currently owned by company insiders.

Institutional Trading of Shake Shack

Several hedge funds have recently added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new position in Shake Shack during the 4th quarter worth approximately $29,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Shake Shack during the 4th quarter worth $32,000. Transcendent Capital Group LLC acquired a new position in shares of Shake Shack during the fourth quarter worth $52,000. R Squared Ltd purchased a new position in Shake Shack in the fourth quarter valued at $56,000. Finally, Montag & Caldwell LLC purchased a new position in Shake Shack in the fourth quarter valued at $68,000. Institutional investors and hedge funds 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.