Shake Shack (NYSE:SHAK) Now Covered by Analysts at Wells Fargo & Company

Analysts at Wells Fargo & Company began coverage on shares of Shake Shack (NYSE:SHAK) in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage set an “equal weight” rating and a $95.00 price target on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 1.13% from the stock’s current price.

Other analysts also recently issued reports about the company. Wedbush lifted their price target on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. TD Securities reissued a “buy” rating and set a $140.00 price objective on shares of Shake Shack in a report on Friday, February 21st. Truist Financial upped their target price on shares of Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a report on Friday, February 21st. Oppenheimer boosted their price target on shares of Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, Shake Shack has an average rating of “Hold” and a consensus target price of $124.05.

Shake Shack Stock Up 0.6 %

Shares of NYSE SHAK opened at $93.93 on Wednesday. The stock has a market cap of $4.00 billion, a P/E ratio of 408.41 and a beta of 1.89. The business’s fifty day simple moving average is $105.87 and its 200-day simple moving average is $115.11. Shake Shack has a 12-month low of $77.50 and a 12-month high of $139.89. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The business had revenue of $328.68 million during the quarter, compared to analysts’ expectations of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. As a group, equities analysts predict that Shake Shack will post 1.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Shake Shack

Institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Shake Shack by 13.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,192 shares of the company’s stock valued at $544,000 after purchasing an additional 489 shares during the period. Jefferies Financial Group Inc. increased its holdings in Shake Shack by 98.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 21,819 shares of the company’s stock valued at $2,832,000 after buying an additional 10,819 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Shake Shack by 9.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 31,370 shares of the company’s stock valued at $4,072,000 after acquiring an additional 2,690 shares during the period. RB Capital Management LLC purchased a new stake in shares of Shake Shack during the 4th quarter worth approximately $286,000. Finally, Woodline Partners LP grew its holdings in shares of Shake Shack by 6.7% in the 4th quarter. Woodline Partners LP now owns 60,378 shares of the company’s stock worth $7,837,000 after acquiring an additional 3,809 shares during the period. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

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.