Shake Shack (NYSE:SHAK) Rating Increased to Buy at Loop Capital

Loop Capital upgraded shares of Shake Shack (NYSE:SHAK) from a hold rating to a buy rating in a research note released on Tuesday morning, Marketbeat Ratings reports. They currently have $127.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the company. UBS Group boosted their target price on Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company initiated coverage on shares of Shake Shack in a research report on Wednesday, March 26th. They issued an “equal weight” rating and a $95.00 price objective on the stock. Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a report on Wednesday, January 8th. Barclays upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $125.00 to $159.00 in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of Shake Shack from $107.00 to $105.00 and set an “underweight” rating on the stock in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Shake Shack currently has an average rating of “Hold” and a consensus target price of $124.20.

Shake Shack Stock Up 3.2 %

Shares of SHAK stock opened at $90.95 on Tuesday. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 395.45 and a beta of 1.89. Shake Shack has a 12-month low of $77.50 and a 12-month high of $139.89. The firm has a fifty day moving average of $104.20 and a 200-day moving average of $115.12. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The firm 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 research analysts predict that Shake Shack will post 1.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shake Shack

Several hedge funds have recently added to or reduced their stakes in SHAK. Louisiana State Employees Retirement System boosted its position in Shake Shack by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company’s stock worth $2,518,000 after purchasing an additional 100 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Shake Shack by 5.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company’s stock worth $243,000 after buying an additional 100 shares during the period. Summit Financial LLC grew its stake in Shake Shack by 1.1% in the 4th quarter. Summit Financial LLC now owns 13,083 shares of the company’s stock valued at $1,698,000 after buying an additional 139 shares during the last quarter. Arizona State Retirement System raised its holdings in Shake Shack by 1.7% in the 4th quarter. Arizona State Retirement System now owns 11,024 shares of the company’s stock valued at $1,431,000 after acquiring an additional 182 shares during the period. Finally, New York State Teachers Retirement System lifted its position in Shake Shack by 0.5% during the fourth quarter. New York State Teachers Retirement System now owns 39,225 shares of the company’s stock worth $5,091,000 after acquiring an additional 200 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.