Analysts Set Shake Shack Inc. (NYSE:SHAK) Target Price at $98.35

Shake Shack Inc. (NYSE:SHAK - Get Free Report) has received an average recommendation of "Hold" from the sixteen brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $98.35.

A number of equities research analysts have issued reports on the stock. BTIG Research upped their price objective on shares of Shake Shack from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday, May 6th. Wedbush lifted their price target on Shake Shack from $100.00 to $110.00 and gave the stock a "neutral" rating in a research note on Friday, May 3rd. Morgan Stanley upped their target price on Shake Shack from $88.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Friday, April 12th. StockNews.com downgraded shares of Shake Shack from a "hold" rating to a "sell" rating in a research note on Monday, March 4th. Finally, Robert W. Baird increased their target price on shares of Shake Shack from $102.00 to $105.00 and gave the company a "neutral" rating in a report on Friday, May 3rd.

Shake Shack Trading Up 0.7 %

Shares of SHAK stock traded up $0.70 during trading hours on Tuesday, hitting $102.78. 853,037 shares of the company were exchanged, compared to its average volume of 946,265. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.99 and a current ratio of 2.03. Shake Shack has a fifty-two week low of $52.79 and a fifty-two week high of $111.29. The company has a 50 day simple moving average of $102.35 and a two-hundred day simple moving average of $82.81. The firm has a market cap of $4.35 billion, a P/E ratio of 190.47, a P/E/G ratio of 5.06 and a beta of 1.78.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $291.00 million. During the same quarter in the prior year, the company earned ($0.01) earnings per share. The company's quarterly revenue was up 14.7% on a year-over-year basis. Equities analysts anticipate that Shake Shack will post 0.73 EPS for the current year.

Insider Activity at Shake Shack

In related news, Director Daniel Harris Meyer sold 30,000 shares of the firm's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $95.25, for a total transaction of $2,857,500.00. Following the completion of the transaction, the director now owns 550,437 shares of the company's stock, valued at $52,429,124.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Daniel Harris Meyer sold 30,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $95.25, for a total transaction of $2,857,500.00. Following the sale, the director now directly owns 550,437 shares of the company's stock, valued at $52,429,124.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey Flug sold 304 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $108.05, for a total transaction of $32,847.20. Following the sale, the director now directly owns 4,058 shares in the company, valued at $438,466.90. The disclosure for this sale can be found here. Insiders have sold a total of 100,608 shares of company stock worth $10,178,861 over the last quarter. Insiders own 10.06% of the company's stock.

Hedge Funds Weigh In On Shake Shack

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of Shake Shack during the 3rd quarter worth approximately $1,700,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Shake Shack by 60.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 77,901 shares of the company's stock worth $5,774,000 after purchasing an additional 29,431 shares during the last quarter. Lisanti Capital Growth LLC acquired a new stake in shares of Shake Shack during the fourth quarter worth about $2,784,000. California Public Employees Retirement System lifted its holdings in shares of Shake Shack by 14.6% in the 3rd quarter. California Public Employees Retirement System now owns 67,466 shares of the company's stock valued at $3,918,000 after purchasing an additional 8,615 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Shake Shack in the 3rd quarter valued at about $216,000. Hedge funds and other institutional investors own 86.07% of the company's stock.

About Shake Shack

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.