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

Shake Shack (NYSE:SHAK) had its price objective hoisted by Wedbush from $115.00 to $125.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Wedbush’s price target would suggest a potential upside of 14.72% from the stock’s current price. Wedbush also issued estimates for Shake Shack’s Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.32 EPS, FY2025 earnings at $1.33 EPS, Q1 2026 earnings at $0.26 EPS, Q2 2026 earnings at $0.42 EPS, Q3 2026 earnings at $0.42 EPS, Q4 2026 earnings at $0.51 EPS and FY2026 earnings at $1.60 EPS.

A number of other analysts have also issued reports on the stock. Oppenheimer increased their price target on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Truist Financial decreased their target price on shares of Shake Shack from $149.00 to $143.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. UBS Group upped their price target on shares of Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $125.00 to $159.00 in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus cut their price objective on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $125.50.

Shake Shack Trading Down 11.9 %

Shake Shack stock opened at $108.96 on Friday. Shake Shack has a 52 week low of $77.50 and a 52 week high of $139.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 473.73 and a beta of 1.86. The company has a 50 day moving average price of $121.79 and a 200 day moving average price of $116.39.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The business had revenue of $328.68 million during the quarter, compared to analysts’ expectations of $329.02 million. Research analysts forecast that Shake Shack will post 1.26 EPS for the current year.

Insider Transactions at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 642 shares of the firm’s 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 sale, the chief financial officer now owns 30,717 shares in the company, valued at approximately $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Shake Shack

A number of hedge funds have recently bought and sold shares of the stock. Creative Planning raised its position in shares of Shake Shack by 64.2% during the third quarter. Creative Planning now owns 9,763 shares of the company’s stock valued at $1,008,000 after buying an additional 3,817 shares during the last quarter. Private Advisor Group LLC acquired a new position in Shake Shack in the 3rd quarter valued at approximately $279,000. Assenagon Asset Management S.A. lifted its position in shares of Shake Shack by 268.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 104,358 shares of the company’s stock worth $10,771,000 after acquiring an additional 75,997 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Shake Shack by 2.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 19,300 shares of the company’s stock worth $1,992,000 after purchasing an additional 400 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Shake Shack by 3.2% during the third quarter. State of Alaska Department of Revenue now owns 22,816 shares of the company’s stock valued at $2,354,000 after purchasing an additional 708 shares during the period. 86.07% of the stock is owned by institutional investors.

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.