Shake Shack (NYSE:SHAK) Given New $110.00 Price Target at JPMorgan Chase & Co.

Shake Shack (NYSE:SHAK - Get Free Report) had its price target lifted by stock analysts at JPMorgan Chase & Co. from $100.00 to $110.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential downside of 20.77% from the company's previous close.

Other research analysts have also issued reports about the stock. UBS Group cut their target price 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. Wells Fargo & Company upped their price objective on Shake Shack from $95.00 to $115.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. Raymond James Financial reiterated a "strong-buy" rating and issued a $140.00 price objective (down from $145.00) on shares of Shake Shack in a report on Friday, May 2nd. Barclays cut their price objective on Shake Shack from $155.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group upped their price objective on Shake Shack from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $123.95.

Shake Shack Price Performance

Shake Shack stock traded up $0.41 during midday trading on Wednesday, hitting $138.83. 1,707,944 shares of the company's stock were exchanged, compared to its average volume of 1,202,421. The company has a market cap of $5.92 billion, a P/E ratio of 495.84, a PEG ratio of 3.27 and a beta of 1.77. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.88 and a current ratio of 1.91. The stock has a 50-day moving average price of $115.47 and a two-hundred day moving average price of $110.84. Shake Shack has a 52-week low of $72.93 and a 52-week high of $140.97.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $320.90 million for the quarter, compared to analysts' expectations of $330.24 million. Shake Shack had a return on equity of 8.45% and a net margin of 0.97%. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. On average, equities research analysts forecast that Shake Shack will post 1.26 earnings per share for the current year.

Insider Buying and Selling at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $130.26, for a total transaction of $1,302,600.00. Following the completion of the transaction, the director now owns 386,636 shares of the company's stock, valued at $50,363,205.36. This represents a 2.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Katherine Irene Fogertey sold 562 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $124.84, for a total value of $70,160.08. Following the transaction, the chief financial officer now directly owns 35,188 shares of the company's stock, valued at $4,392,869.92. The trade was a 1.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,698 shares of company stock valued at $4,499,820 in the last 90 days. Insiders own 9.73% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in shares of Shake Shack by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company's stock worth $46,979,000 after acquiring an additional 8,429 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Shake Shack by 6.2% in the 4th quarter. Janus Henderson Group PLC now owns 17,064 shares of the company's stock worth $2,216,000 after acquiring an additional 1,000 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Shake Shack in the 4th quarter worth approximately $260,000. GAMMA Investing LLC raised its position in shares of Shake Shack by 13,353.1% in the 1st quarter. GAMMA Investing LLC now owns 99,015 shares of the company's stock worth $8,730,000 after acquiring an additional 98,279 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Shake Shack in the 1st quarter worth approximately $1,167,000. 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.