Shake Shack (NYSE:SHAK) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Shake Shack (NYSE:SHAK) had its price target boosted by analysts at Stifel Nicolaus from $115.00 to $128.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective points to a potential downside of 0.47% from the stock’s previous close.

A number of other analysts have also recently issued reports on SHAK. Oppenheimer increased their price objective on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Barclays raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $125.00 to $159.00 in a report on Tuesday, January 7th. UBS Group boosted their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $102.00 target price (down from $105.00) on shares of Shake Shack in a research note on Tuesday, September 24th. Finally, TD Cowen restated a “buy” rating and set a $125.00 price target on shares of Shake Shack in a research report on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $122.89.

Shake Shack Price Performance

SHAK opened at $128.61 on Friday. The firm has a 50-day moving average price of $130.13 and a 200-day moving average price of $110.33. Shake Shack has a twelve month low of $64.16 and a twelve month high of $139.89. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 756.53, a PEG ratio of 2.83 and a beta of 1.86.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The company had revenue of $316.92 million during the quarter, compared to the consensus estimate of $316.03 million. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. Shake Shack’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.17 EPS. Equities analysts expect that Shake Shack will post 0.82 EPS for the current year.

Insider Buying and Selling at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the transaction, the chief financial officer now directly owns 30,717 shares of the company’s stock, valued at $4,223,894.67. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel Harris Meyer sold 22,691 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $124.47, for a total transaction of $2,824,348.77. Following the sale, the director now directly owns 437,646 shares of the company’s stock, valued at $54,473,797.62. The trade was a 4.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,333 shares of company stock worth $6,566,330 over the last three months. Company insiders own 9.73% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers increased its stake in shares of Shake Shack by 1.5% during the second quarter. Rhumbline Advisers now owns 106,272 shares of the company’s stock valued at $9,564,000 after buying an additional 1,523 shares during the period. TD Asset Management Inc raised its holdings in Shake Shack by 6.1% in the 2nd quarter. TD Asset Management Inc now owns 21,000 shares of the company’s stock worth $1,890,000 after purchasing an additional 1,200 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Shake Shack by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 10,500 shares of the company’s stock worth $945,000 after purchasing an additional 196 shares during the period. Quest Partners LLC bought a new stake in shares of Shake Shack during the 2nd quarter valued at about $38,000. Finally, Texas Permanent School Fund Corp increased its position in shares of Shake Shack by 6.6% during the second quarter. Texas Permanent School Fund Corp now owns 34,977 shares of the company’s stock valued at $3,148,000 after buying an additional 2,162 shares during the period. 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.