Shake Shack (NYSE:SHAK) Trading Up 7.1% - Still a Buy?

Shares of Shake Shack Inc. (NYSE:SHAK - Get Free Report) were up 7.1% during trading on Tuesday . The company traded as high as $125.11 and last traded at $125.99. Approximately 523,841 shares changed hands during trading, a decline of 54% from the average daily volume of 1,148,900 shares. The stock had previously closed at $117.62.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Shake Shack in a research note on Wednesday, March 26th. They issued an "equal weight" rating and a $95.00 price objective on the stock. Raymond James reissued a "strong-buy" rating and issued a $140.00 target price (down from $145.00) on shares of Shake Shack in a research report on Friday, May 2nd. Barclays lowered their price objective on shares of Shake Shack from $155.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. TD Cowen downgraded shares of Shake Shack from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Shake Shack from $105.00 to $100.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $113.40.

Shake Shack Trading Up 7.1%

The company has a market cap of $5.38 billion, a price-to-earnings ratio of 547.48 and a beta of 1.61. 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 firm's 50-day moving average price is $94.81 and its 200 day moving average price is $110.55.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The firm had revenue of $320.90 million during the quarter, compared to the consensus estimate of $330.24 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The company's revenue was up 10.5% on a year-over-year basis. As a group, equities analysts expect that Shake Shack Inc. will post 1.26 EPS for the current year.

Institutional Trading of Shake Shack

A number of institutional investors have recently made changes to their positions in the stock. Nemes Rush Group LLC bought a new position in shares of Shake Shack during the fourth quarter valued at approximately $29,000. Harvest Fund Management Co. Ltd bought a new stake in Shake Shack in the 4th quarter worth about $32,000. Farther Finance Advisors LLC increased its holdings in Shake Shack by 939.3% in the 1st quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock worth $26,000 after buying an additional 263 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in Shake Shack in the 1st quarter worth about $26,000. Finally, Transcendent Capital Group LLC bought a new stake in Shake Shack in the 4th quarter worth about $52,000. Hedge funds and other institutional investors own 86.07% of the company's stock.

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.

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