Shake Shack (NYSE:SHAK) Price Target Raised to $90.00 at Robert W. Baird

Shake Shack (NYSE:SHAK) had its price objective upped by Robert W. Baird from $85.00 to $90.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price objective indicates a potential downside of 4.77% from the company’s previous close.

Several other research firms also recently issued reports on SHAK. Loop Capital upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a report on Tuesday, April 1st. Wedbush upped their price objective on shares of Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Raymond James set a $145.00 price target on Shake Shack and gave the company a “strong-buy” rating in a research note on Wednesday, April 16th. JPMorgan Chase & Co. dropped their target price on Shake Shack from $107.00 to $105.00 and set an “underweight” rating for the company in a report on Thursday, March 20th. Finally, Stifel Nicolaus reduced their price target on shares of Shake Shack from $120.00 to $97.00 and set a “hold” rating on the stock in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $114.71.

Shake Shack Stock Up 6.5 %

Shares of Shake Shack stock opened at $94.51 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. Shake Shack has a twelve month low of $72.93 and a twelve month high of $139.89. The company has a fifty day moving average price of $89.28 and a 200 day moving average price of $111.32. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 410.91 and a beta of 1.61.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $320.90 million for the quarter, compared to analyst estimates of $330.24 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. Equities research analysts forecast that Shake Shack will post 1.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Shake Shack by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company’s stock valued at $574,497,000 after purchasing an additional 49,883 shares during the period. Invesco Ltd. lifted its position in Shake Shack by 30.7% during the 4th quarter. Invesco Ltd. now owns 1,245,093 shares of the company’s stock valued at $161,613,000 after acquiring an additional 292,348 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Shake Shack by 17.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company’s stock worth $116,078,000 after purchasing an additional 134,475 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Shake Shack by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 760,595 shares of the company’s stock worth $98,726,000 after acquiring an additional 19,320 shares in the last quarter. Finally, Wasatch Advisors LP increased its stake in Shake Shack by 1.8% during the 4th quarter. Wasatch Advisors LP now owns 566,425 shares of the company’s stock valued at $73,522,000 after purchasing an additional 10,147 shares in the last quarter. 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.