Shake Shack (NYSE:SHAK) Given New $125.00 Price Target at Truist Financial

Shake Shack (NYSE:SHAK) had its price target boosted by research analysts at Truist Financial from $124.00 to $125.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 38.89% from the stock’s previous close.

A number of other equities analysts have also weighed in on SHAK. StockNews.com lowered Shake Shack from a “hold” rating to a “sell” rating in a research report on Monday, March 4th. TD Cowen reiterated a “buy” rating and issued a $125.00 target price on shares of Shake Shack in a report on Thursday, June 13th. Barclays boosted their price target on shares of Shake Shack from $92.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. The Goldman Sachs Group initiated coverage on shares of Shake Shack in a research note on Thursday, June 13th. They issued a “buy” rating and a $110.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on Shake Shack from $102.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Shake Shack currently has an average rating of “Hold” and a consensus target price of $99.22.

Shake Shack Stock Performance

Shares of SHAK opened at $90.00 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 1.99. The firm’s 50 day moving average is $96.95 and its 200-day moving average is $90.88. Shake Shack has a 12-month low of $52.79 and a 12-month high of $111.29. The stock has a market capitalization of $3.81 billion, a P/E ratio of 163.64, a P/E/G ratio of 3.56 and a beta of 1.76.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $290.50 million for the quarter, compared to analysts’ expectations 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 was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) earnings per share. Equities research analysts anticipate that Shake Shack will post 0.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jeffrey Flug sold 304 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total value of $31,315.04. Following the completion of the sale, the director now directly owns 3,754 shares of the company’s stock, valued at $386,699.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 9.73% of the company’s stock.

Institutional Investors Weigh In On Shake Shack

Several hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in Shake Shack in the first quarter worth $653,000. Silvercrest Asset Management Group LLC acquired a new position in shares of Shake Shack in the 1st quarter valued at $418,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Shake Shack by 7.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,883 shares of the company’s stock worth $2,173,000 after acquiring an additional 1,358 shares during the period. Truvestments Capital LLC boosted its position in shares of Shake Shack by 135.1% during the 1st quarter. Truvestments Capital LLC now owns 8,244 shares of the company’s stock valued at $858,000 after acquiring an additional 4,738 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Shake Shack in the first quarter valued at about $2,868,000. 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.