Shake Shack (NYSE:SHAK) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Shake Shack (NYSE:SHAK - Get Free Report) had its target price increased by stock analysts at Robert W. Baird from $85.00 to $90.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Robert W. Baird's target price points to a potential downside of 11.61% from the stock's current price.

A number of other research firms have also issued reports on SHAK. 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 report on Tuesday, April 1st. Oppenheimer reduced their price target on shares of Shake Shack from $155.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Raymond James set a $145.00 price target on Shake Shack and gave the stock a "strong-buy" rating in a report on Wednesday, April 16th. Wells Fargo & Company assumed coverage on Shake Shack in a research note on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 target price for the company. Finally, TD Securities restated a "buy" rating and issued a $105.00 price target on shares of Shake Shack in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Shake Shack has a consensus rating of "Moderate Buy" and an average target price of $113.95.

Shake Shack Stock Performance

Shares of Shake Shack stock traded up $3.14 on Friday, reaching $101.82. 883,419 shares of the stock were exchanged, compared to its average volume of 1,109,329. 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 business has a 50 day moving average price of $88.85 and a two-hundred day moving average price of $111.16. Shake Shack has a twelve month low of $72.93 and a twelve month high of $139.89. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 442.63 and a beta of 1.61.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The business had revenue of $320.90 million for the quarter, compared to analysts' expectations of $330.24 million. During the same quarter in the prior year, the company posted $0.13 EPS. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. Analysts anticipate that Shake Shack will post 1.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Shake Shack

A number of institutional investors have recently modified their holdings of SHAK. GDS Wealth Management increased its stake in shares of Shake Shack by 253.6% in the fourth quarter. GDS Wealth Management now owns 14,277 shares of the company's stock valued at $1,853,000 after buying an additional 10,239 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Shake Shack by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company's stock worth $46,979,000 after acquiring an additional 8,429 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Shake Shack during the fourth quarter worth $260,000. Assenagon Asset Management S.A. increased its holdings in Shake Shack by 45.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 152,264 shares of the company's stock worth $19,764,000 after buying an additional 47,906 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Shake Shack by 0.3% in the fourth quarter. Rhumbline Advisers now owns 106,129 shares of the company's stock valued at $13,776,000 after buying an additional 278 shares during the period. Institutional investors and hedge funds 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.