Shake Shack (NYSE:SHAK) Price Target Lowered to $137.00 at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group has lowered its price target for Shake Shack from $160.00 to $137.00, while still maintaining a "buy" rating, indicating a potential upside of 48.01% from its current price.
• Shake Shack reported a 12.6% increase in revenue year-over-year for the latest quarter, with earnings per share (EPS) of $0.44 surpassing analyst expectations.
• Analyst ratings for Shake Shack include one "strong buy," six "buy," twelve "hold," and two "sell," reflecting a consensus rating of "hold" with an average price target of $132.42.

Shake Shack (NYSE:SHAK - Get Free Report) had its price target lowered by stock analysts at The Goldman Sachs Group from $160.00 to $137.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. The Goldman Sachs Group's price objective would indicate a potential upside of 48.01% from the company's current price.

SHAK has been the topic of a number of other reports. Raymond James Financial reiterated a "strong-buy" rating and issued a $160.00 target price (down from $165.00) on shares of Shake Shack in a research note on Friday, August 1st. TD Cowen increased their price target on shares of Shake Shack from $105.00 to $110.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. Loop Capital restated a "hold" rating and set a $127.00 price target on shares of Shake Shack in a research note on Tuesday, July 8th. Oppenheimer reaffirmed an "outperform" rating and issued a $160.00 target price (up from $125.00) on shares of Shake Shack in a report on Thursday, June 26th. Finally, Bank of America boosted their target price on Shake Shack from $134.00 to $148.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Shake Shack currently has a consensus rating of "Hold" and an average price target of $132.42.

Shake Shack Price Performance

Shares of NYSE SHAK traded down $2.05 during trading hours on Tuesday, hitting $92.56. 458,821 shares of the stock were exchanged, compared to its average volume of 1,423,721. Shake Shack has a 1-year low of $72.93 and a 1-year high of $144.65. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.89 and a current ratio of 1.92. The company has a market cap of $3.95 billion, a PE ratio of 201.17, a price-to-earnings-growth ratio of 2.11 and a beta of 1.68. The company's fifty day simple moving average is $108.50 and its two-hundred day simple moving average is $110.16.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.07. The company had revenue of $356.47 million for the quarter, compared to analyst estimates of $352.56 million. Shake Shack had a net margin of 1.50% and a return on equity of 9.78%. Shake Shack's revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 earnings per share. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that Shake Shack will post 1.26 EPS for the current year.

Insider Transactions at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 14,200 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $140.31, for a total transaction of $1,992,402.00. Following the sale, the director owned 337,984 shares in the company, valued at $47,422,535.04. This represents a 4.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Katherine Irene Fogertey sold 670 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $140.03, for a total value of $93,820.10. Following the transaction, the chief financial officer directly owned 32,495 shares of the company's stock, valued at approximately $4,550,274.85. The trade was a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,893 shares of company stock valued at $2,372,032. 8.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Shake Shack

Several institutional investors have recently added to or reduced their stakes in SHAK. Holocene Advisors LP acquired a new position in shares of Shake Shack in the 2nd quarter valued at about $115,432,000. Nuveen LLC bought a new stake in Shake Shack during the first quarter valued at approximately $42,802,000. Ameriprise Financial Inc. raised its stake in shares of Shake Shack by 144.3% during the first quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company's stock valued at $69,805,000 after acquiring an additional 467,748 shares during the last quarter. Jennison Associates LLC lifted its position in Shake Shack by 57.1% during the 2nd quarter. Jennison Associates LLC now owns 593,971 shares of the company's stock valued at $83,512,000 after acquiring an additional 215,984 shares during the period. Finally, Jump Financial LLC bought a new stake in shares of Shake Shack during the first quarter valued at approximately $17,064,000. 86.07% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.