Shake Shack (NYSE:SHAK) Price Target Cut to $97.00 by Analysts at Stifel Nicolaus

Shake Shack (NYSE:SHAK - Free Report) had its price objective lowered by Stifel Nicolaus from $120.00 to $97.00 in a report published on Tuesday morning, Marketbeat Ratings reports. Stifel Nicolaus currently has a hold rating on the stock.

Other equities research analysts have also issued research reports about the stock. Barclays upgraded shares of Shake Shack from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. Wells Fargo & Company started coverage on Shake Shack in a research report on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 price target on the stock. TD Securities restated a "buy" rating and set a $140.00 price objective on shares of Shake Shack in a research report on Friday, February 21st. Oppenheimer dropped their target price on Shake Shack from $155.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Wedbush raised their target price on Shake Shack from $115.00 to $125.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $122.19.

Shake Shack Stock Up 3.9 %

NYSE SHAK traded up $3.12 on Tuesday, hitting $83.57. 1,160,524 shares of the stock traded hands, compared to its average volume of 1,066,908. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average of $93.95 and a 200 day moving average of $112.70. Shake Shack has a twelve month low of $72.93 and a twelve month high of $139.89. The company has a market capitalization of $3.55 billion, a P/E ratio of 363.35 and a beta of 1.80.

Shake Shack (NYSE:SHAK - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The business had revenue of $328.68 million for the quarter, compared to analyst estimates of $329.02 million. As a group, analysts expect that Shake Shack will post 1.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Shake Shack

Large investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System grew its position in Shake Shack by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company's stock worth $2,518,000 after buying an additional 100 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Shake Shack by 5.6% during the fourth quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company's stock worth $243,000 after purchasing an additional 100 shares during the period. Summit Financial LLC boosted its position in shares of Shake Shack by 1.1% in the 4th quarter. Summit Financial LLC now owns 13,083 shares of the company's stock valued at $1,698,000 after purchasing an additional 139 shares during the period. Arizona State Retirement System increased its stake in Shake Shack by 1.7% in the 4th quarter. Arizona State Retirement System now owns 11,024 shares of the company's stock worth $1,431,000 after purchasing an additional 182 shares in the last quarter. Finally, New York State Teachers Retirement System raised its holdings in Shake Shack by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 39,225 shares of the company's stock worth $5,091,000 after buying an additional 200 shares during the period. 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.