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

Shake Shack (NYSE:SHAK - Free Report) had its target price increased by BTIG Research from $120.00 to $125.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. upped their price objective on Shake Shack from $65.00 to $100.00 and gave the company an underweight rating in a research note on Monday, March 4th. TD Cowen reiterated a buy rating and issued a $125.00 price objective on shares of Shake Shack in a research note on Thursday. UBS Group upped their price objective on Shake Shack from $110.00 to $115.00 and gave the company a neutral rating in a research note on Friday. Wedbush increased their price target on Shake Shack from $100.00 to $110.00 and gave the stock a neutral rating in a research report on Friday. Finally, Morgan Stanley increased their price target on Shake Shack from $88.00 to $105.00 and gave the stock an equal weight rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $98.24.

Shake Shack Stock Performance

Shake Shack stock traded down $1.88 during mid-day trading on Monday, hitting $105.59. 1,156,296 shares of the company's stock traded hands, compared to its average volume of 954,661. Shake Shack has a one year low of $52.79 and a one year high of $111.29. The firm has a 50 day moving average price of $102.37 and a 200 day moving average price of $80.77. The company has a market cap of $4.47 billion, a PE ratio of 197.80, a price-to-earnings-growth ratio of 3.79 and a beta of 1.78. The company has a quick ratio of 1.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.52.

Shake Shack (NYSE:SHAK - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, topping 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 analysts' expectations of $291.00 million. During the same quarter in the previous year, the firm earned ($0.01) EPS. The firm's revenue was up 14.7% compared to the same quarter last year. On average, equities analysts forecast that Shake Shack will post 0.72 EPS for the current year.

Insider Activity

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $108.05, for a total transaction of $32,847.20. Following the sale, the director now owns 4,058 shares of the company's stock, valued at $438,466.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Jeffrey Flug sold 304 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $108.05, for a total value of $32,847.20. Following the sale, the director now owns 4,058 shares of the company's stock, valued at $438,466.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Daniel Harris Meyer sold 40,000 shares of the business's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $106.34, for a total transaction of $4,253,600.00. Following the completion of the sale, the director now directly owns 480,437 shares in the company, valued at approximately $51,089,670.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,608 shares of company stock worth $10,178,861. Corporate insiders own 10.06% of the company's stock.

Institutional Investors Weigh In On Shake Shack

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. QRG Capital Management Inc. increased its stake in Shake Shack by 4.5% in the 4th quarter. QRG Capital Management Inc. now owns 3,711 shares of the company's stock valued at $275,000 after buying an additional 161 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Shake Shack during the 1st quarter worth approximately $25,000. SG Americas Securities LLC increased its stake in shares of Shake Shack by 6.9% during the 3rd quarter. SG Americas Securities LLC now owns 3,747 shares of the company's stock worth $218,000 after purchasing an additional 243 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Shake Shack by 5.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the company's stock worth $265,000 after purchasing an additional 247 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in Shake Shack by 1.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 19,679 shares of the company's stock valued at $1,143,000 after buying an additional 274 shares in the last quarter. 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.