Shake Shack (NYSE:SHAK) Price Target Raised to $125.00

Shake Shack (NYSE:SHAK) had its price objective raised by equities research analysts at Truist Financial from $124.00 to $125.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective points to a potential upside of 38.89% from the company’s current price.

Several other equities analysts have also weighed in on the company. Oppenheimer lifted their price target on Shake Shack from $108.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Wedbush upped their target price on Shake Shack from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. BTIG Research lifted their price target on shares of Shake Shack from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Barclays boosted their price target on shares of Shake Shack from $92.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Finally, Morgan Stanley increased their price objective on shares of Shake Shack from $88.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Shake Shack has an average rating of “Hold” and a consensus price target of $99.22.

Shake Shack Stock Up 2.2 %

SHAK stock opened at $90.00 on Monday. The company has a market capitalization of $3.81 billion, a P/E ratio of 163.64, a price-to-earnings-growth ratio of 3.56 and a beta of 1.76. Shake Shack has a 12 month low of $52.79 and a 12 month high of $111.29. The firm’s fifty day simple moving average is $96.95 and its 200-day simple moving average is $90.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 1.99.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $290.50 million for the quarter, compared to the consensus estimate of $291.00 million. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) EPS. As a group, equities research analysts forecast that Shake Shack will post 0.74 earnings per share for the current year.

Insider Activity at Shake Shack

In related news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $103.01, for a total transaction of $31,315.04. Following the completion of the transaction, the director now owns 3,754 shares in the company, valued at $386,699.54. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 9.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Shake Shack

Several hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new position in Shake Shack in the first quarter worth $25,000. GAMMA Investing LLC purchased a new position in shares of Shake Shack in the 4th quarter valued at about $32,000. Ramirez Asset Management Inc. acquired a new stake in shares of Shake Shack in the third quarter valued at about $35,000. Covestor Ltd grew its position in Shake Shack by 32,150.0% during the first quarter. Covestor Ltd now owns 645 shares of the company’s stock worth $67,000 after buying an additional 643 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Shake Shack in the first quarter valued at about $97,000. Institutional investors and hedge funds 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.