Analysts Set Shake Shack Inc. (NYSE:SHAK) Price Target at $110.00

Shake Shack Inc. (NYSE:SHAK) has been assigned a consensus rating of “Hold” from the eighteen brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $110.00.

A number of brokerages have recently commented on SHAK. Robert W. Baird increased their price target on Shake Shack from $93.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Barclays lifted their price target on Shake Shack from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $102.00 price objective (down previously from $105.00) on shares of Shake Shack in a research note on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $115.00 target price on shares of Shake Shack in a research report on Wednesday, August 28th. Finally, Truist Financial upped their price target on shares of Shake Shack from $127.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, November 1st.

Shake Shack Stock Performance

NYSE:SHAK opened at $131.33 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $5.58 billion, a PE ratio of 772.53, a price-to-earnings-growth ratio of 3.05 and a beta of 1.81. Shake Shack has a twelve month low of $54.06 and a twelve month high of $134.90. The stock’s 50-day simple moving average is $108.69 and its 200 day simple moving average is $100.02.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The company had revenue of $316.92 million for the quarter, compared to analyst estimates of $316.03 million. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. On average, analysts anticipate that Shake Shack will post 0.81 EPS for the current fiscal year.

Insider Buying and Selling

In other Shake Shack news, Director Daniel Harris Meyer sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $121.79, for a total value of $3,653,700.00. Following the transaction, the director now directly owns 407,646 shares of the company’s stock, valued at approximately $49,647,206.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Katherine Irene Fogertey sold 321 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $98.57, for a total value of $31,640.97. Following the completion of the sale, the chief financial officer now directly owns 36,822 shares in the company, valued at $3,629,544.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel Harris Meyer sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $121.79, for a total value of $3,653,700.00. Following the transaction, the director now directly owns 407,646 shares in the company, valued at approximately $49,647,206.34. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,433 shares of company stock valued at $8,757,256 over the last 90 days. Company insiders own 9.73% of the company’s stock.

Institutional Investors Weigh In On Shake Shack

A number of hedge funds have recently added to or reduced their stakes in the company. Xponance Inc. grew its position in Shake Shack by 4.5% in the 2nd quarter. Xponance Inc. now owns 2,395 shares of the company’s stock valued at $216,000 after purchasing an additional 103 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Shake Shack by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock worth $3,241,000 after acquiring an additional 139 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Shake Shack by 1.1% in the 2nd quarter. Brighton Jones LLC now owns 17,909 shares of the company’s stock worth $1,612,000 after acquiring an additional 187 shares during the last quarter. Arizona State Retirement System lifted its position in Shake Shack by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 10,500 shares of the company’s stock valued at $945,000 after acquiring an additional 196 shares in the last quarter. Finally, Covestor Ltd boosted its stake in Shake Shack by 41.6% during the 3rd quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after purchasing an additional 205 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

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.