Shake Shack (NYSE:SHAK) PT Raised to $105.00

Shake Shack (NYSE:SHAK) had its price target hoisted by research analysts at Robert W. Baird from $102.00 to $105.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target points to a potential downside of 2.30% from the stock’s current price.

SHAK has been the subject of several other research reports. TD Cowen reissued a “buy” rating and issued a $125.00 price objective on shares of Shake Shack in a research note on Thursday. Wedbush reiterated a “neutral” rating and issued a $80.00 target price on shares of Shake Shack in a research note on Wednesday, February 14th. Truist Financial boosted their target price on shares of Shake Shack from $112.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. UBS Group raised their price target on shares of Shake Shack from $80.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Finally, Oppenheimer boosted their price objective on shares of Shake Shack from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $96.33.

Shake Shack Stock Performance

NYSE SHAK opened at $107.47 on Friday. The business’s 50 day moving average price is $102.37 and its 200-day moving average price is $80.59. Shake Shack has a fifty-two week low of $52.79 and a fifty-two week high of $110.90. The company has a market cap of $4.55 billion, a P/E ratio of 195.40, a P/E/G ratio of 3.80 and a beta of 1.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.01 and a current ratio of 2.03.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $291.00 million. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) earnings per share. Sell-side analysts predict that Shake Shack will post 0.72 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Daniel Harris Meyer sold 30,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $95.25, for a total value of $2,857,500.00. Following the sale, the director now directly owns 550,437 shares of the company’s stock, valued at approximately $52,429,124.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $103.01, for a total transaction of $31,315.04. Following the sale, the director now owns 3,754 shares of the company’s stock, valued at approximately $386,699.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel Harris Meyer sold 30,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $95.25, for a total value of $2,857,500.00. Following the sale, the director now owns 550,437 shares in the company, valued at $52,429,124.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,760 shares of company stock worth $10,190,420. 10.06% of the stock is owned by company insiders.

Hedge Funds Weigh In On Shake Shack

A number of hedge funds have recently bought and sold shares of SHAK. QRG Capital Management Inc. lifted its holdings in Shake Shack by 4.5% during the fourth quarter. QRG Capital Management Inc. now owns 3,711 shares of the company’s stock valued at $275,000 after purchasing an additional 161 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Shake Shack in the 1st quarter valued at about $25,000. SG Americas Securities LLC lifted 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 valued at $218,000 after buying an additional 243 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Shake Shack by 5.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the company’s stock worth $265,000 after buying an additional 247 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in Shake Shack by 1.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 19,679 shares of the company’s stock worth $1,143,000 after buying an additional 274 shares in 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.