JPMorgan Chase & Co. Lowers Shake Shack (NYSE:SHAK) Price Target to $105.00

Shake Shack (NYSE:SHAK) had its price target dropped by research analysts at JPMorgan Chase & Co. from $107.00 to $105.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 15.92% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research note on Wednesday, January 8th. Truist Financial upped their price objective on Shake Shack from $143.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. TD Securities restated a “buy” rating and set a $140.00 price objective on shares of Shake Shack in a research note on Friday, February 21st. Finally, UBS Group upped their price objective on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. One analyst has 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. According to MarketBeat, Shake Shack presently has an average rating of “Hold” and a consensus target price of $125.67.

Shake Shack Price Performance

SHAK opened at $90.58 on Thursday. Shake Shack has a 12-month low of $77.50 and a 12-month high of $139.89. 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 business’s fifty day simple moving average is $107.78 and its 200-day simple moving average is $115.17. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 393.83 and a beta of 1.89.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $328.68 million for the quarter, compared to the consensus estimate of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. On average, equities research analysts anticipate that Shake Shack will post 1.26 earnings per share for the current fiscal year.

Institutional Trading of Shake Shack

Several hedge funds and other institutional investors have recently bought and sold shares of SHAK. Victory Capital Management Inc. grew its holdings in Shake Shack by 47.5% during the third quarter. Victory Capital Management Inc. now owns 12,977 shares of the company’s stock worth $1,339,000 after acquiring an additional 4,181 shares during the period. KBC Group NV grew its holdings in Shake Shack by 24.1% in the third quarter. KBC Group NV now owns 1,206 shares of the company’s stock valued at $124,000 after purchasing an additional 234 shares during the period. Natixis Advisors LLC grew its holdings in Shake Shack by 2.5% in the third quarter. Natixis Advisors LLC now owns 12,335 shares of the company’s stock valued at $1,273,000 after purchasing an additional 296 shares during the period. Thrivent Financial for Lutherans grew its holdings in Shake Shack by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock valued at $3,241,000 after purchasing an additional 139 shares during the period. Finally, Quest Partners LLC grew its holdings in Shake Shack by 76.1% in the third quarter. Quest Partners LLC now owns 752 shares of the company’s stock valued at $78,000 after purchasing an additional 325 shares during the period. 86.07% of the stock is owned by institutional investors and hedge funds.

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.