Shake Shack (NYSE:SHAK) Price Target Raised to $105.00

Shake Shack (NYSE:SHAK - Free Report) had its price target upped by Morgan Stanley from $88.00 to $105.00 in a research report report published on Friday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Robert W. Baird boosted their price target on Shake Shack from $67.00 to $82.00 and gave the company a neutral rating in a research note on Tuesday, February 13th. Raymond James upped their target price on Shake Shack from $90.00 to $115.00 and gave the stock a strong-buy rating in a research report on Friday, February 16th. Truist Financial upped their target price on Shake Shack from $112.00 to $115.00 and gave the stock a buy rating in a research report on Tuesday, April 2nd. Wedbush reaffirmed a neutral rating and set a $80.00 target price on shares of Shake Shack in a research report on Wednesday, February 14th. Finally, HSBC began coverage on Shake Shack in a research report on Wednesday, December 20th. They set a hold rating and a $74.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Shake Shack currently has a consensus rating of Hold and a consensus price target of $88.67.

Shake Shack Stock Down 2.2 %

Shares of NYSE SHAK traded down $2.23 during trading hours on Friday, hitting $97.21. The stock had a trading volume of 480,994 shares, compared to its average volume of 981,279. The company has a market capitalization of $4.11 billion, a P/E ratio of 211.33, a P/E/G ratio of 3.72 and a beta of 1.80. The firm's 50-day moving average price is $98.32 and its two-hundred day moving average price is $75.85. Shake Shack has a 52 week low of $52.64 and a 52 week high of $110.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.01 and a current ratio of 2.04.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.02 EPS for the quarter. The business had revenue of $286.20 million during the quarter, compared to analysts' expectations of $280.45 million. Shake Shack had a return on equity of 3.67% and a net margin of 1.82%. The firm's quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) EPS. Analysts anticipate that Shake Shack will post 0.71 EPS for the current fiscal year.

Insider Activity at Shake Shack

In related news, Director Daniel Harris Meyer sold 30,000 shares of the company's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $95.25, for a total value of $2,857,500.00. Following the completion of the transaction, the director now directly owns 550,437 shares in the company, valued at $52,429,124.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the company's stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total value of $31,315.04. Following the sale, the director now directly owns 3,754 shares in the company, valued at $386,699.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel Harris Meyer sold 30,000 shares of the company's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $95.25, for a total value of $2,857,500.00. Following the completion of the sale, the director now owns 550,437 shares in the company, valued at $52,429,124.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,912 shares of company stock worth $10,201,834. 10.06% of the stock is owned by corporate insiders.

Institutional Trading of Shake Shack

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Shake Shack by 1.2% in the first quarter. Vanguard Group Inc. now owns 4,071,207 shares of the company's stock valued at $276,435,000 after acquiring an additional 48,614 shares during the period. 12 West Capital Management LP grew its holdings in shares of Shake Shack by 82.2% during the third quarter. 12 West Capital Management LP now owns 1,659,600 shares of the company's stock worth $96,373,000 after purchasing an additional 748,789 shares during the last quarter. State Street Corp grew its holdings in shares of Shake Shack by 2.4% during the second quarter. State Street Corp now owns 1,318,230 shares of the company's stock worth $102,453,000 after purchasing an additional 30,401 shares during the last quarter. Van Berkom & Associates Inc. grew its holdings in shares of Shake Shack by 19.3% during the third quarter. Van Berkom & Associates Inc. now owns 1,046,339 shares of the company's stock worth $60,761,000 after purchasing an additional 168,947 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Shake Shack by 4.5% during the first quarter. Geode Capital Management LLC now owns 692,530 shares of the company's stock worth $38,429,000 after purchasing an additional 30,086 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors.

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.