Shake Shack (NYSE:SHAK) Price Target Raised to $105.00

Shake Shack (NYSE:SHAK) had its price target increased by Robert W. Baird from $102.00 to $105.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

SHAK has been the subject of several other research reports. JPMorgan Chase & Co. upped their target price on shares of Shake Shack from $65.00 to $100.00 and gave the company an underweight rating in a research report on Monday, March 4th. BTIG Research lifted their price objective on shares of Shake Shack from $110.00 to $120.00 and gave the stock a buy rating in a research note on Thursday, March 14th. Wedbush reissued a neutral rating and set a $80.00 price target on shares of Shake Shack in a research report on Wednesday, February 14th. Truist Financial raised their price objective on Shake Shack from $112.00 to $115.00 and gave the stock a buy rating in a research note on Tuesday, April 2nd. Finally, Oppenheimer increased their price target on Shake Shack from $108.00 to $120.00 and gave the stock an outperform rating in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $98.24.

Shake Shack Stock Down 1.7 %

NYSE:SHAK opened at $105.59 on Friday. The stock’s fifty day moving average price is $102.46 and its two-hundred day moving average price is $81.12. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 191.99, a P/E/G ratio of 3.79 and a beta of 1.78. Shake Shack has a 52-week low of $52.79 and a 52-week high of $111.29. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.99 and a current ratio of 2.03.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $290.50 million during the quarter, compared to analyst estimates of $291.00 million. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The company’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the company earned ($0.01) earnings per share. On average, analysts anticipate that Shake Shack will post 0.72 EPS for the current year.

Insiders Place Their Bets

In other news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $108.05, for a total transaction of $32,847.20. Following the transaction, the director now directly owns 4,058 shares in the company, valued at approximately $438,466.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $108.05, for a total value of $32,847.20. Following the transaction, the director now owns 4,058 shares in the company, valued at approximately $438,466.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Daniel Harris Meyer sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $95.25, for a total transaction of $2,857,500.00. Following the sale, the director now owns 550,437 shares of the company’s stock, valued at $52,429,124.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,608 shares of company stock valued at $10,178,861. 10.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Shake Shack

A number of hedge funds and other institutional investors have recently modified their holdings of SHAK. SG Americas Securities LLC raised its stake in Shake Shack by 6.9% in the 3rd quarter. SG Americas Securities LLC now owns 3,747 shares of the company’s stock worth $218,000 after purchasing an additional 243 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Shake Shack by 5.7% during the third quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the company’s stock worth $265,000 after buying an additional 247 shares in the last quarter. Raymond James & Associates grew its position in Shake Shack by 56.6% during the third quarter. Raymond James & Associates now owns 48,010 shares of the company’s stock worth $2,788,000 after buying an additional 17,356 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Shake Shack by 1.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 48,470 shares of the company’s stock valued at $2,815,000 after acquiring an additional 642 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Shake Shack by 19.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,079 shares of the company’s stock valued at $469,000 after acquiring an additional 1,337 shares during the period. Institutional investors and hedge funds own 86.07% of the company’s stock.

About Shake Shack

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.