Shake Shack (NYSE:SHAK) Price Target Raised to $168.00 at Barclays

Shake Shack (NYSE:SHAK - Get Free Report) had its price objective boosted by equities researchers at Barclays from $166.00 to $168.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective points to a potential upside of 24.54% from the company's current price.

SHAK has been the topic of a number of other reports. Oppenheimer reiterated an "outperform" rating and issued a $160.00 price objective (up from $125.00) on shares of Shake Shack in a report on Thursday, June 26th. 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 report on Tuesday, April 15th. Bank of America upped their price objective on Shake Shack from $112.00 to $134.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Morgan Stanley upped their price objective on Shake Shack from $109.00 to $122.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, BTIG Research downgraded shares of Shake Shack from a "buy" rating to a "neutral" rating in a research note on Monday, June 2nd. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Shake Shack currently has a consensus rating of "Hold" and an average price target of $126.23.

Shake Shack Price Performance

SHAK stock traded down $1.99 during trading on Thursday, hitting $134.89. The stock had a trading volume of 1,304,342 shares, compared to its average volume of 1,207,561. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.91 and a quick ratio of 1.88. Shake Shack has a twelve month low of $72.93 and a twelve month high of $144.65. The stock has a market capitalization of $5.76 billion, a P/E ratio of 481.76, a PEG ratio of 3.20 and a beta of 1.77. The company's 50-day moving average price is $128.80 and its two-hundred day moving average price is $111.64.

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 (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $320.90 million during the quarter, compared to analyst estimates of $330.24 million. Shake Shack had a return on equity of 8.45% and a net margin of 0.97%. The company's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. As a group, research analysts predict that Shake Shack will post 1.26 EPS for the current fiscal year.

Insider Activity

In other news, CFO Katherine Irene Fogertey sold 670 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $140.03, for a total transaction of $93,820.10. Following the completion of the sale, the chief financial officer owned 32,495 shares in the company, valued at approximately $4,550,274.85. This represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel Harris Meyer sold 14,200 shares of the stock in a transaction dated 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 transaction, the director directly owned 337,984 shares of the company's stock, valued at $47,422,535.04. This represents a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,391 shares of company stock valued at $11,869,925 in the last quarter. Insiders own 9.73% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Driehaus Capital Management LLC purchased a new position in shares of Shake Shack during the 4th quarter worth approximately $66,349,000. Nuveen LLC purchased a new stake in shares of Shake Shack during the 1st quarter valued at $42,802,000. Ameriprise Financial Inc. grew its stake in shares of Shake Shack by 144.3% during the 1st quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company's stock valued at $69,805,000 after buying an additional 467,748 shares during the period. Invesco Ltd. grew its stake in shares of Shake Shack by 30.7% during the 4th quarter. Invesco Ltd. now owns 1,245,093 shares of the company's stock valued at $161,613,000 after buying an additional 292,348 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of Shake Shack during the 1st quarter valued at $17,064,000. 86.07% of the stock is owned by hedge funds and other 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.