UBS Group Boosts Shake Shack (NYSE:SHAK) Price Target to $115.00

Shake Shack (NYSE:SHAK) had its target price boosted by UBS Group from $110.00 to $115.00 in a research note published on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. Raymond James upped their price objective on Shake Shack from $90.00 to $115.00 and gave the company a strong-buy rating in a research report on Friday, February 16th. JPMorgan Chase & Co. increased their price target on Shake Shack from $65.00 to $100.00 and gave the company an underweight rating in a research note on Monday, March 4th. Morgan Stanley increased their price objective on Shake Shack from $88.00 to $105.00 and gave the company an equal weight rating in a report on Friday, April 12th. BTIG Research increased their price objective on Shake Shack from $110.00 to $120.00 and gave the company a buy rating in a report on Thursday, March 14th. Finally, Barclays raised their price objective on Shake Shack from $92.00 to $108.00 and gave the company an equal weight rating in a report on Friday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and an average target price of $98.24.

Shake Shack Stock Down 1.7 %

NYSE SHAK opened at $105.59 on Friday. The stock has a market cap of $4.47 billion, a PE ratio of 191.99, a P/E/G ratio of 3.79 and a beta of 1.78. Shake Shack has a 12 month low of $52.79 and a 12 month high of $111.29. The stock’s 50 day moving average is $102.46 and its 200 day moving average is $81.12. The company has a current ratio of 2.03, a quick ratio of 1.99 and a debt-to-equity ratio of 0.52.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. The firm had revenue of $290.50 million for the quarter, compared to the consensus estimate 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 for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) EPS. Research analysts predict that Shake Shack will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling

In other Shake Shack news, Director Daniel Harris Meyer sold 23,966 shares of Shake Shack stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $100.13, for a total value of $2,399,715.58. Following the sale, the director now owns 526,471 shares in the company, valued at $52,715,541.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Shake Shack news, Director Daniel Harris Meyer sold 23,966 shares of Shake Shack stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $100.13, for a total value of $2,399,715.58. Following the sale, the director now owns 526,471 shares in the company, valued at $52,715,541.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey Flug sold 304 shares of Shake Shack stock in a transaction on Monday, March 4th. The shares were sold at an average price of $108.05, for a total value of $32,847.20. Following the completion of the sale, the director now owns 4,058 shares in the company, valued at approximately $438,466.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,608 shares of company stock worth $10,178,861. 10.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Shake Shack

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in Shake Shack during the 3rd quarter worth $1,700,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Shake Shack by 60.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 77,901 shares of the company’s stock worth $5,774,000 after acquiring an additional 29,431 shares during the period. California Public Employees Retirement System grew its holdings in shares of Shake Shack by 14.6% in the 3rd quarter. California Public Employees Retirement System now owns 67,466 shares of the company’s stock worth $3,918,000 after acquiring an additional 8,615 shares during the period. Aigen Investment Management LP acquired a new stake in Shake Shack during the 3rd quarter valued at $216,000. Finally, Campbell & CO Investment Adviser LLC grew its holdings in Shake Shack by 1,816.5% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 80,339 shares of the company’s stock valued at $4,665,000 after buying an additional 76,147 shares during the last quarter. Hedge funds and other institutional investors 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.