Analysts Set Shake Shack Inc. (NYSE:SHAK) PT at $99.22

Shares of Shake Shack Inc. (NYSE:SHAK) have received an average rating of “Hold” from the seventeen analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $99.22.

SHAK has been the topic of a number of research analyst reports. Wedbush increased their target price on Shake Shack from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. UBS Group increased their target price on Shake Shack from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Morgan Stanley increased their target price on Shake Shack from $88.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. The Goldman Sachs Group began coverage on Shake Shack in a research note on Thursday, June 13th. They issued a “buy” rating and a $110.00 target price on the stock. Finally, Truist Financial raised their price objective on Shake Shack from $124.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, July 1st.

Institutional Trading of Shake Shack

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new stake in Shake Shack in the first quarter worth about $25,000. GAMMA Investing LLC purchased a new stake in Shake Shack in the fourth quarter worth about $32,000. Ramirez Asset Management Inc. purchased a new stake in Shake Shack in the third quarter worth about $35,000. Covestor Ltd lifted its holdings in Shake Shack by 32,150.0% in 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 stake in Shake Shack in the first quarter worth about $97,000. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Shake Shack Trading Up 0.5 %

Shares of SHAK stock opened at $86.35 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.99 and a current ratio of 2.03. Shake Shack has a 52-week low of $52.79 and a 52-week high of $111.29. The company has a market capitalization of $3.65 billion, a PE ratio of 157.00, a price-to-earnings-growth ratio of 3.39 and a beta of 1.75. The business’s fifty day moving average is $95.52 and its 200 day moving average is $91.09.

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

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.