Shake Shack (NYSE:SHAK) Price Target Raised to $125.00 at Truist Financial

Shake Shack (NYSE:SHAK) had its price target lifted by Truist Financial from $124.00 to $125.00 in a report published on Monday morning, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. UBS Group upped their price target on shares of Shake Shack from $110.00 to $115.00 and gave the company a neutral rating in a research note on Friday, May 3rd. Barclays upped their price target on shares of Shake Shack from $92.00 to $108.00 and gave the company an equal weight rating in a research note on Friday, May 3rd. Oppenheimer upped their price target on shares of Shake Shack from $108.00 to $120.00 and gave the company an outperform rating in a research note on Friday, March 22nd. Wedbush upped their price target on shares of Shake Shack from $100.00 to $110.00 and gave the company a neutral rating in a research note on Friday, May 3rd. Finally, TD Cowen reiterated a buy rating and issued a $125.00 price target on shares of Shake Shack in a research note on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Shake Shack presently has an average rating of Hold and an average target price of $99.22.

Shake Shack Trading Down 3.8 %

Shares of NYSE SHAK opened at $86.55 on Monday. The company’s fifty day moving average is $96.77 and its 200-day moving average is $90.97. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 157.37, a P/E/G ratio of 3.56 and a beta of 1.76. Shake Shack has a twelve month low of $52.79 and a twelve month high of $111.29. The company has a quick ratio of 1.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.52.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. The business had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $291.00 million. During the same period in the previous year, the firm posted ($0.01) EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. Equities research analysts predict that Shake Shack will post 0.74 EPS for the current year.

Insider Transactions at Shake Shack

In other news, Director Jeffrey Flug sold 304 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $103.01, for a total value of $31,315.04. Following the transaction, the director now owns 3,754 shares of the company’s stock, valued at approximately $386,699.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.73% of the company’s stock.

Institutional Trading of Shake Shack

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Linonia Partnership LP bought a new stake in shares of Shake Shack in the fourth quarter worth approximately $41,046,000. Charles Schwab Investment Management Inc. grew its position in Shake Shack by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,641 shares of the company’s stock worth $22,951,000 after purchasing an additional 12,362 shares during the period. Principal Financial Group Inc. raised its stake in Shake Shack by 31.4% during the 4th quarter. Principal Financial Group Inc. now owns 263,256 shares of the company’s stock valued at $19,513,000 after buying an additional 62,897 shares during the last quarter. Norges Bank bought a new position in shares of Shake Shack during the 4th quarter valued at $12,238,000. Finally, Jennison Associates LLC bought a new position in shares of Shake Shack during the 1st quarter valued at $16,365,000. 86.07% of the stock is currently 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.