Shake Shack (NYSE:SHAK) Price Target Raised to $115.00 at Wells Fargo & Company

Shake Shack (NYSE:SHAK - Get Free Report) had its price objective upped by equities research analysts at Wells Fargo & Company from $95.00 to $115.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective would indicate a potential downside of 11.49% from the company's current price.

Several other equities research analysts have also commented on SHAK. Truist Financial lifted their price target on shares of Shake Shack from $134.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. UBS Group dropped their price target on shares of Shake Shack from $140.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Barclays decreased their target price on shares of Shake Shack from $155.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Wedbush increased their price objective on shares of Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Finally, Raymond James restated a "strong-buy" rating and set a $140.00 price objective (down previously from $145.00) on shares of Shake Shack in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $114.40.

Shake Shack Trading Up 2.6%

SHAK stock traded up $3.29 during mid-day trading on Friday, reaching $129.93. The company had a trading volume of 1,154,887 shares, compared to its average volume of 1,161,564. The company has a market capitalization of $5.54 billion, a PE ratio of 564.91 and a beta of 1.61. Shake Shack has a 12 month low of $72.93 and a 12 month high of $139.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. The firm has a 50 day moving average of $97.56 and a 200 day moving average of $110.62.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.14 earnings per share 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 firm had revenue of $320.90 million during the quarter, compared to analyst estimates of $330.24 million. During the same quarter last year, the company posted $0.13 EPS. The company's revenue was up 10.5% on a year-over-year basis. On average, equities analysts predict that Shake Shack will post 1.26 earnings per share for the current fiscal year.

Institutional Trading of Shake Shack

A number of institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Shake Shack by 939.3% during the 1st quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock worth $26,000 after purchasing an additional 263 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of Shake Shack during the first quarter worth $26,000. Nemes Rush Group LLC acquired a new position in Shake Shack in the fourth quarter valued at $29,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Shake Shack during the fourth quarter worth about $32,000. Finally, Garde Capital Inc. acquired a new position in shares of Shake Shack in the first quarter worth about $35,000. 86.07% of the stock is owned by institutional investors and hedge funds.

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.