Shake Shack (NYSE:SHAK) Stock Price Expected to Rise, Truist Financial Analyst Says

Shake Shack (NYSE:SHAK) had its price objective increased by Truist Financial from $143.00 to $154.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on the stock. Barclays upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $125.00 to $159.00 in a report on Tuesday, January 7th. TD Securities reiterated a “buy” rating and set a $140.00 price objective on shares of Shake Shack in a research note on Friday. Stifel Nicolaus reduced their price objective on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a research note on Friday, January 17th. UBS Group upped their target price on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Wedbush lifted their price target on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $125.50.

Shake Shack Stock Performance

Shake Shack stock opened at $108.96 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.01. The company has a market capitalization of $4.63 billion, a PE ratio of 640.94 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 $116.27. Shake Shack has a fifty-two week low of $77.50 and a fifty-two week high of $139.89.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The business had revenue of $328.68 million during the quarter, compared to analyst estimates of $329.02 million. As a group, equities analysts forecast that Shake Shack will post 0.9 earnings per share for the current year.

Insider Buying and Selling at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 642 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the transaction, the chief financial officer now owns 30,717 shares in the company, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 9.73% of the stock is currently owned by company insiders.

Institutional Trading of Shake Shack

Large investors have recently added to or reduced their stakes in the company. GDS Wealth Management lifted its holdings in shares of Shake Shack by 253.6% during the fourth quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock worth $1,853,000 after purchasing an additional 10,239 shares during the period. Fisher Asset Management LLC lifted its stake in Shake Shack by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 354,114 shares of the company’s stock valued at $36,548,000 after acquiring an additional 16,097 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Shake Shack by 7.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 353,501 shares of the company’s stock valued at $36,485,000 after acquiring an additional 24,813 shares during the period. FMR LLC boosted its holdings in shares of Shake Shack by 3.6% in the 3rd quarter. FMR LLC now owns 243,549 shares of the company’s stock valued at $25,137,000 after acquiring an additional 8,512 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Shake Shack by 10.8% in the third quarter. Jennison Associates LLC now owns 294,111 shares of the company’s stock worth $30,355,000 after acquiring an additional 28,661 shares during the period. Hedge funds and other 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.