BTIG Research Boosts Shake Shack (NYSE:SHAK) Price Target to $125.00

Shake Shack (NYSE:SHAK) had its target price lifted by BTIG Research from $120.00 to $125.00 in a research report sent to investors on Monday morning, Benzinga reports. BTIG Research currently has a buy rating on the stock.

SHAK has been the subject of several other research reports. Barclays lifted their price objective on Shake Shack from $92.00 to $108.00 and gave the stock an equal weight rating in a report on Friday, May 3rd. UBS Group lifted their price objective on Shake Shack from $110.00 to $115.00 and gave the stock a neutral rating in a report on Friday, May 3rd. Oppenheimer raised their target price on Shake Shack from $108.00 to $120.00 and gave the stock an outperform rating in a research note on Friday, March 22nd. TD Cowen restated a buy rating and issued a $125.00 target price on shares of Shake Shack in a research note on Thursday, May 2nd. Finally, Truist Financial raised their target price on Shake Shack from $115.00 to $124.00 and gave the stock a buy rating in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $98.24.

Shake Shack Trading Down 2.3 %

Shares of Shake Shack stock opened at $102.70 on Monday. Shake Shack has a 1 year low of $52.79 and a 1 year high of $111.29. The firm has a market cap of $4.35 billion, a PE ratio of 186.73, a P/E/G ratio of 3.79 and a beta of 1.78. The stock has a fifty day moving average price of $102.50 and a 200-day moving average price of $81.62. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 1.99.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $291.00 million. During the same quarter last year, the firm posted ($0.01) EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities research analysts anticipate that Shake Shack will post 0.72 EPS for the current year.

Insider Activity

In other news, Director Daniel Harris Meyer sold 23,966 shares of Shake Shack stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $100.13, for a total transaction of $2,399,715.58. Following the completion of the sale, the director now owns 526,471 shares in the company, valued at approximately $52,715,541.23. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Daniel Harris Meyer sold 23,966 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $100.13, for a total value of $2,399,715.58. Following the completion of the sale, the director now owns 526,471 shares in the company, valued at approximately $52,715,541.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey Flug sold 304 shares of the business’s 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 owns 3,754 shares of the company’s stock, valued at approximately $386,699.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,608 shares of company stock worth $10,178,861. 10.06% of the stock is currently owned by insiders.

Institutional Trading of Shake Shack

A number of hedge funds have recently bought and sold shares of the company. QRG Capital Management Inc. increased its stake in shares of Shake Shack by 4.5% during the fourth quarter. QRG Capital Management Inc. now owns 3,711 shares of the company’s stock valued at $275,000 after buying an additional 161 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Shake Shack during the first quarter valued at approximately $25,000. SG Americas Securities LLC increased its stake in shares of Shake Shack by 6.9% during the third quarter. SG Americas Securities LLC now owns 3,747 shares of the company’s stock valued at $218,000 after buying an additional 243 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Shake Shack by 5.7% during the third quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the company’s stock valued at $265,000 after buying an additional 247 shares during the period. Finally, Los Angeles Capital Management LLC increased its stake in shares of Shake Shack by 1.4% during the third quarter. Los Angeles Capital Management LLC now owns 19,679 shares of the company’s stock valued at $1,143,000 after buying an additional 274 shares during the period. 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.