Shake Shack (NYSE:SHAK) Given New $145.00 Price Target at The Goldman Sachs Group

Shake Shack (NYSE:SHAK - Free Report) had its target price upped by The Goldman Sachs Group from $120.00 to $145.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Loop Capital upgraded Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price target for the company in a research note on Tuesday, April 1st. Oppenheimer cut their price target on Shake Shack from $155.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. UBS Group cut their target price on Shake Shack from $140.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company boosted their target price on Shake Shack from $95.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. Finally, Stifel Nicolaus cut their target price on Shake Shack from $120.00 to $97.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Shake Shack has an average rating of "Hold" and a consensus target price of $115.40.

Shake Shack Price Performance

Shares of NYSE SHAK traded up $1.15 during mid-day trading on Wednesday, hitting $128.10. 2,067,711 shares of the stock traded hands, compared to its average volume of 1,171,938. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. Shake Shack has a twelve month low of $72.93 and a twelve month high of $139.89. The company has a market cap of $5.47 billion, a PE ratio of 556.96 and a beta of 1.61. The firm has a 50 day simple moving average of $100.50 and a two-hundred day simple moving average of $110.88.

Shake Shack (NYSE:SHAK - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $330.24 million. During the same period last year, the business posted $0.13 earnings per share. The business's revenue was up 10.5% on a year-over-year basis. As a group, equities research analysts forecast that Shake Shack will post 1.26 EPS for the current fiscal year.

Insider Activity at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 10,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $130.10, for a total value of $1,301,000.00. Following the sale, the director now owns 396,636 shares of the company's stock, valued at approximately $51,602,343.60. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 20,180 shares of company stock valued at $2,622,709 over the last three months. 9.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Shake Shack

A number of large investors have recently modified their holdings of SHAK. KBC Group NV raised its holdings in shares of Shake Shack by 50.0% during the 4th quarter. KBC Group NV now owns 1,809 shares of the company's stock valued at $235,000 after buying an additional 603 shares during the period. DAVENPORT & Co LLC raised its holdings in shares of Shake Shack by 2.0% during the 4th quarter. DAVENPORT & Co LLC now owns 12,186 shares of the company's stock valued at $1,582,000 after buying an additional 240 shares during the period. Jennison Associates LLC raised its holdings in shares of Shake Shack by 27.7% during the 4th quarter. Jennison Associates LLC now owns 375,552 shares of the company's stock valued at $48,747,000 after buying an additional 81,441 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Shake Shack by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company's stock valued at $2,518,000 after buying an additional 100 shares during the period. Finally, Legato Capital Management LLC raised its holdings in shares of Shake Shack by 219.5% during the 4th quarter. Legato Capital Management LLC now owns 22,519 shares of the company's stock valued at $2,923,000 after buying an additional 15,470 shares during the period. 86.07% of the stock is currently owned by hedge funds and other 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.