Barclays Cuts Shake Shack (NYSE:SHAK) Price Target to $100.00

Shake Shack (NYSE:SHAK - Get Free Report) had its target price decreased by stock analysts at Barclays from $155.00 to $100.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target points to a potential upside of 10.23% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. Oppenheimer reduced their price target on shares of Shake Shack from $155.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Stifel Nicolaus lowered their price target on shares of Shake Shack from $120.00 to $97.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price objective on shares of Shake Shack from $107.00 to $105.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. TD Securities reiterated a "buy" rating and set a $140.00 price target on shares of Shake Shack in a research report on Friday, February 21st. Finally, Loop Capital raised shares of Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 target price for the company in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.29.

Shake Shack Trading Up 0.8 %

Shares of NYSE SHAK traded up $0.75 during trading on Tuesday, hitting $90.72. 818,282 shares of the company traded hands, compared to its average volume of 1,072,652. The firm has a market capitalization of $3.86 billion, a P/E ratio of 394.43 and a beta of 1.80. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $91.70 and a 200-day moving average price of $111.99. Shake Shack has a 1 year low of $72.93 and a 1 year high of $139.89.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The business had revenue of $328.68 million for the quarter, compared to the consensus estimate of $329.02 million. On average, equities analysts predict that Shake Shack will post 1.26 EPS for the current year.

Institutional Investors Weigh In On Shake Shack

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in Shake Shack by 939.3% in the first quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock valued at $26,000 after acquiring an additional 263 shares during the last quarter. Nemes Rush Group LLC acquired a new position in Shake Shack during the 4th quarter valued at about $29,000. Harvest Fund Management Co. Ltd bought a new position in shares of Shake Shack in the 4th quarter valued at about $32,000. Garde Capital Inc. acquired a new stake in shares of Shake Shack during the 1st quarter worth approximately $35,000. Finally, Princeton Global Asset Management LLC bought a new stake in shares of Shake Shack during the first quarter worth approximately $44,000. 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.