Shake Shack (NYSE:SHAK) Given New $85.00 Price Target at Robert W. Baird

Shake Shack (NYSE:SHAK - Free Report) had its price target decreased by Robert W. Baird from $98.00 to $85.00 in a research report released on Monday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Other research analysts have also recently issued reports about the company. Barclays raised Shake Shack from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $125.00 to $159.00 in a research report on Tuesday, January 7th. UBS Group lifted their price target on shares of Shake Shack from $130.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Oppenheimer increased their price objective on shares of Shake Shack from $145.00 to $155.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Stifel Nicolaus lowered their target price on shares of Shake Shack from $128.00 to $110.00 and set a "hold" rating on the stock in a research note on Friday, January 17th. Finally, Wells Fargo & Company started coverage on shares of Shake Shack in a report on Wednesday, March 26th. They issued an "equal weight" rating and a $95.00 target price for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $121.70.

Shake Shack Stock Performance

SHAK traded up $0.38 during trading on Monday, hitting $82.59. The company's stock had a trading volume of 1,017,511 shares, compared to its average volume of 1,054,210. The business's 50 day simple moving average is $96.89 and its 200-day simple moving average is $113.45. The firm has a market cap of $3.51 billion, a PE ratio of 359.07 and a beta of 1.80. Shake Shack has a one year low of $72.93 and a one year high of $139.89. 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 (NYSE:SHAK - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $328.68 million during the quarter, compared to analyst estimates of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. As a group, sell-side analysts predict that Shake Shack will post 1.26 EPS for the current fiscal year.

Institutional Trading of Shake Shack

A number of large investors have recently made changes to their positions in the business. Nemes Rush Group LLC purchased a new position in Shake Shack in the fourth quarter worth about $29,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Shake Shack in the 4th quarter valued at approximately $32,000. Princeton Global Asset Management LLC purchased a new position in shares of Shake Shack in the 1st quarter worth approximately $44,000. Transcendent Capital Group LLC bought a new position in shares of Shake Shack during the 4th quarter valued at approximately $52,000. Finally, R Squared Ltd purchased a new stake in Shake Shack during the 4th quarter valued at $56,000. 86.07% of the stock is currently owned by institutional investors.

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.