Analysts Set Shake Shack Inc. (NYSE:SHAK) Price Target at $107.56

Shares of Shake Shack Inc. (NYSE:SHAK) have been given an average rating of “Hold” by the eighteen research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $107.56.

SHAK has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $115.00 target price on shares of Shake Shack in a research note on Wednesday, August 28th. Piper Sandler cut shares of Shake Shack from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $121.00 to $114.00 in a research report on Monday, August 19th. Barclays increased their price objective on shares of Shake Shack from $108.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. The Goldman Sachs Group boosted their target price on shares of Shake Shack from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley dropped their price target on Shake Shack from $108.00 to $100.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th.

Shake Shack Price Performance

SHAK stock opened at $106.94 on Monday. The company’s 50-day moving average price is $97.29 and its two-hundred day moving average price is $97.40. Shake Shack has a 12 month low of $52.79 and a 12 month high of $111.29. The company has a quick ratio of 2.03, a current ratio of 2.06 and a debt-to-equity ratio of 0.51. The firm has a market cap of $4.52 billion, a P/E ratio of 194.44, a P/E/G ratio of 3.02 and a beta of 1.83.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. Shake Shack had a return on equity of 5.63% and a net margin of 2.23%. The firm had revenue of $316.50 million for the quarter, compared to the consensus estimate of $314.37 million. During the same quarter last year, the business posted $0.18 EPS. The company’s revenue was up 16.4% compared to the same quarter last year. On average, analysts anticipate that Shake Shack will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $90.39, for a total transaction of $27,478.56. Following the completion of the sale, the director now directly owns 3,347 shares in the company, valued at approximately $302,535.33. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Daniel Harris Meyer sold 10,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the transaction, the director now owns 470,437 shares in the company, valued at approximately $51,860,974.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $90.39, for a total transaction of $27,478.56. Following the completion of the sale, the director now owns 3,347 shares of the company’s stock, valued at $302,535.33. The disclosure for this sale can be found here. Insiders sold 12,213 shares of company stock valued at $1,311,175 over the last quarter. Insiders own 9.73% of the company’s stock.

Hedge Funds Weigh In On Shake Shack

Several institutional investors have recently made changes to their positions in SHAK. Allspring Global Investments Holdings LLC acquired a new position in Shake Shack during the 1st quarter worth approximately $25,000. Quest Partners LLC acquired a new position in shares of Shake Shack during the second quarter worth approximately $38,000. Kimelman & Baird LLC bought a new position in shares of Shake Shack in the 2nd quarter worth $45,000. Covestor Ltd grew its position in Shake Shack by 32,150.0% in the 1st quarter. Covestor Ltd now owns 645 shares of the company’s stock valued at $67,000 after purchasing an additional 643 shares during the period. Finally, CWM LLC grew its position in Shake Shack by 24.7% in the 2nd quarter. CWM LLC now owns 1,046 shares of the company’s stock valued at $94,000 after purchasing an additional 207 shares during the period. Institutional investors and hedge funds 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.