JPMorgan Chase & Co. Issues Pessimistic Forecast for Shake Shack (NYSE:SHAK) Stock Price

Shake Shack (NYSE:SHAK - Get Free Report) had its price target cut by research analysts at JPMorgan Chase & Co. from $105.00 to $100.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 1.86% from the stock's previous close.

SHAK has been the subject of several other research reports. Gordon Haskett raised shares of Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price target for the company in a research report on Wednesday, January 8th. Oppenheimer lowered their price target on Shake Shack from $155.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Loop Capital upgraded shares of Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 target price on the stock in a research note on Tuesday, April 1st. Raymond James reiterated a "strong-buy" rating and set a $140.00 target price (down previously from $145.00) on shares of Shake Shack in a research report on Friday. Finally, TD Securities restated a "buy" rating and issued a $105.00 price target on shares of Shake Shack in a research report on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Shake Shack has an average rating of "Moderate Buy" and a consensus price target of $114.48.

Shake Shack Stock Performance

Shares of SHAK stock traded up $3.80 during trading hours on Monday, reaching $98.17. 1,033,193 shares of the company's stock were exchanged, compared to its average volume of 1,102,835. The business has a fifty day moving average price of $89.28 and a 200-day moving average price of $111.34. The stock has a market capitalization of $4.18 billion, a P/E ratio of 426.96 and a beta of 1.61. 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 has a fifty-two week low of $72.93 and a fifty-two week high of $139.89.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). The company had revenue of $320.90 million during the quarter, compared to the consensus estimate of $330.24 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. Shake Shack's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. Analysts predict that Shake Shack will post 1.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Shake Shack

Large investors have recently bought and sold shares of the company. Archer Investment Corp acquired a new position in shares of Shake Shack in the 1st quarter valued at $93,000. Jennison Associates LLC boosted its position in shares of Shake Shack by 0.6% during the first quarter. Jennison Associates LLC now owns 377,987 shares of the company's stock worth $33,327,000 after buying an additional 2,435 shares during the period. Larson Financial Group LLC boosted its position in Shake Shack by 4.5% during the 1st quarter. Larson Financial Group LLC now owns 42,443 shares of the company's stock worth $3,742,000 after acquiring an additional 1,833 shares during the last quarter. CWM LLC boosted its holdings in Shake Shack by 93.7% during the first quarter. CWM LLC now owns 2,446 shares of the company's stock worth $216,000 after purchasing an additional 1,183 shares during the last quarter. Finally, Xponance Inc. increased its stake in Shake Shack by 5.9% in the 1st quarter. Xponance Inc. now owns 2,868 shares of the company's stock valued at $253,000 after buying an additional 159 shares during the last quarter. 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.

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