Shake Shack (NYSE:SHAK) PT Raised to $125.00

Shake Shack (NYSE:SHAK) had its target price hoisted by Truist Financial from $124.00 to $125.00 in a report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price would indicate a potential upside of 46.49% from the company’s previous close.

A number of other equities analysts also recently commented on SHAK. TD Cowen reissued a “buy” rating and issued a $125.00 price objective on shares of Shake Shack in a research note on Thursday, June 13th. Oppenheimer boosted their price objective on shares of Shake Shack from $108.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. BTIG Research boosted their price objective on shares of Shake Shack from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. JPMorgan Chase & Co. lifted their price target on shares of Shake Shack from $102.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, June 3rd. Finally, Robert W. Baird lifted their price target on shares of Shake Shack from $102.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shake Shack currently has an average rating of “Hold” and a consensus price target of $99.22.

Shake Shack Trading Down 1.4 %

SHAK opened at $85.33 on Monday. The firm has a market cap of $3.61 billion, a P/E ratio of 155.15, a P/E/G ratio of 3.56 and a beta of 1.76. Shake Shack has a 12 month low of $52.79 and a 12 month high of $111.29. The company has a current ratio of 2.03, a quick ratio of 1.99 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average of $96.48 and a 200 day moving average of $91.06.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The business had revenue of $290.50 million during the quarter, compared to analyst estimates of $291.00 million. During the same quarter in the previous year, the business earned ($0.01) earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, research analysts forecast that Shake Shack will post 0.74 EPS for the current year.

Insider Activity at Shake Shack

In related news, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction dated 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 owns 3,754 shares of the company’s stock, valued at approximately $386,699.54. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.73% of the stock is owned by corporate insiders.

Institutional Trading of Shake Shack

Several hedge funds have recently made changes to their positions in the company. Linonia Partnership LP purchased a new position in shares of Shake Shack during the 4th quarter worth approximately $41,046,000. Charles Schwab Investment Management Inc. boosted its position in shares of Shake Shack by 4.2% during 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. boosted its position in shares of Shake Shack by 31.4% during the 4th quarter. Principal Financial Group Inc. now owns 263,256 shares of the company’s stock worth $19,513,000 after purchasing an additional 62,897 shares during the period. Norges Bank purchased a new position in shares of Shake Shack during the 4th quarter worth approximately $12,238,000. Finally, Jennison Associates LLC purchased a new position in shares of Shake Shack during the 1st quarter worth approximately $16,365,000. Hedge funds and other institutional investors 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.