Shake Shack (NYSE:SHAK) Price Target Increased to $125.00 by Analysts at BTIG Research

Shake Shack (NYSE:SHAK) had its price target upped by BTIG Research from $120.00 to $125.00 in a research note published on Monday, Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also commented on the stock. JPMorgan Chase & Co. lifted their price target 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. Truist Financial lifted their price target on shares of Shake Shack from $115.00 to $124.00 and gave the company a buy rating in a research report on Friday, May 3rd. TD Cowen reaffirmed a buy rating and set a $125.00 price target on shares of Shake Shack in a research report on Thursday, May 2nd. Morgan Stanley lifted their price target on shares of Shake Shack from $88.00 to $105.00 and gave the company an equal weight rating in a research report on Friday, April 12th. Finally, Raymond James lifted their target price on shares of Shake Shack from $90.00 to $115.00 and gave the company a strong-buy rating in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Shake Shack has an average rating of Hold and an average price target of $98.24.

Shake Shack Stock Down 2.3 %

Shares of SHAK opened at $102.70 on Monday. The stock has a fifty day simple moving average of $102.50 and a two-hundred day simple moving average of $81.62. The company has a quick ratio of 1.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $4.35 billion, a PE ratio of 186.73, a price-to-earnings-growth 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.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $290.50 million for the quarter, compared to the consensus estimate of $291.00 million. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. Shake Shack’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.01) earnings per share. As a group, equities analysts forecast that Shake Shack will post 0.72 EPS for the current year.

Insider Buying and Selling

In related news, Director Daniel Harris Meyer sold 30,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $95.25, for a total transaction of $2,857,500.00. Following the completion of the transaction, the director now owns 550,437 shares in the company, valued at $52,429,124.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Daniel Harris Meyer sold 30,000 shares of the business’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 completion of the sale, the director now directly owns 550,437 shares of the company’s stock, valued at $52,429,124.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 3,754 shares of the company’s stock, valued at $386,699.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,608 shares of company stock worth $10,178,861. Corporate insiders own 10.06% of the company’s stock.

Institutional Investors Weigh In On Shake Shack

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. ProShare Advisors LLC lifted its position in Shake Shack by 7.4% in the first quarter. ProShare Advisors LLC now owns 7,609 shares of the company’s stock valued at $792,000 after acquiring an additional 522 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Shake Shack by 61,625.0% in the first quarter. Russell Investments Group Ltd. now owns 2,469 shares of the company’s stock valued at $257,000 after acquiring an additional 2,465 shares during the last quarter. Susquehanna Fundamental Investments LLC raised its holdings in shares of Shake Shack by 3.5% in the first quarter. Susquehanna Fundamental Investments LLC now owns 18,617 shares of the company’s stock valued at $1,937,000 after buying an additional 632 shares during the last quarter. River Global Investors LLP raised its holdings in shares of Shake Shack by 48.0% in the first quarter. River Global Investors LLP now owns 13,470 shares of the company’s stock valued at $1,401,000 after buying an additional 4,368 shares during the last quarter. Finally, Hyman Charles D purchased a new stake in shares of Shake Shack in the first quarter valued at about $242,000. 86.07% of the stock is owned by hedge funds and other institutional investors.

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.