Brokerages Set Shake Shack Inc. (NYSE:SHAK) Target Price at $116.38

Shake Shack Inc. (NYSE:SHAK) has earned an average recommendation of “Moderate Buy” from the twenty-one analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $114.71.

SHAK has been the topic of a number of recent research reports. Barclays lowered their price objective on Shake Shack from $155.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Loop Capital raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a research report on Tuesday, April 1st. Robert W. Baird cut their target price on shares of Shake Shack from $98.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Truist Financial cut their price target on Shake Shack from $154.00 to $131.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, Raymond James set a $145.00 price objective on shares of Shake Shack and gave the stock a “strong-buy” rating in a research report on Wednesday, April 16th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Driehaus Capital Management LLC acquired a new position in Shake Shack in the fourth quarter valued at approximately $66,349,000. Invesco Ltd. lifted its stake in shares of Shake Shack by 30.7% in the 4th quarter. Invesco Ltd. now owns 1,245,093 shares of the company’s stock valued at $161,613,000 after purchasing an additional 292,348 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Shake Shack by 204.0% in the 4th quarter. Ameriprise Financial Inc. now owns 324,109 shares of the company’s stock worth $42,064,000 after purchasing an additional 217,493 shares during the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in shares of Shake Shack during the fourth quarter worth $26,756,000. Finally, Balyasny Asset Management L.P. increased its holdings in Shake Shack by 17.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company’s stock valued at $116,078,000 after purchasing an additional 134,475 shares during the last quarter. Institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Up 1.7 %

Shares of SHAK stock opened at $89.27 on Tuesday. Shake Shack has a fifty-two week low of $72.93 and a fifty-two week high of $139.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The firm has a market capitalization of $3.80 billion, a PE ratio of 388.12 and a beta of 1.80. The stock’s 50-day simple moving average is $89.61 and its 200-day simple moving average is $111.42.

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