Shake Shack (NYSE:SHAK) Price Target Increased to $108.00 by Analysts at Barclays

Shake Shack (NYSE:SHAK) had its target price raised by Barclays from $92.00 to $108.00 in a report published on Friday, Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts have also commented on SHAK. Wedbush boosted their price objective on shares of Shake Shack from $100.00 to $110.00 and gave the stock a neutral rating in a report on Friday. Truist Financial increased their price target on Shake Shack from $112.00 to $115.00 and gave the company a buy rating in a report on Tuesday, April 2nd. UBS Group lifted their price objective on Shake Shack from $80.00 to $88.00 and gave the stock a neutral rating in a report on Monday, February 12th. JPMorgan Chase & Co. increased their target price on Shake Shack from $65.00 to $100.00 and gave the company an underweight rating in a research note on Monday, March 4th. Finally, StockNews.com lowered shares of Shake Shack from a hold rating to a sell rating in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and an average target price of $96.33.

Shake Shack Stock Up 2.4 %

Shares of NYSE SHAK traded up $2.53 on Friday, hitting $107.47. The company had a trading volume of 998,288 shares, compared to its average volume of 746,591. The firm has a market capitalization of $4.55 billion, a P/E ratio of 195.40, a PEG ratio of 3.71 and a beta of 1.78. The company has a quick ratio of 2.01, a current ratio of 2.03 and a debt-to-equity ratio of 0.52. Shake Shack has a 12-month low of $52.79 and a 12-month high of $110.90. The business has a 50 day moving average of $102.37 and a two-hundred day moving average of $80.42.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. The company had revenue of $290.50 million during the quarter, compared to the consensus estimate of $291.00 million. During the same quarter last year, the company earned ($0.01) earnings per share. Shake Shack’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities research analysts forecast that Shake Shack will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Shake Shack

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $103.01, for a total value of $31,315.04. Following the sale, the director now owns 3,754 shares in the company, valued at $386,699.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Daniel Harris Meyer sold 40,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $106.34, for a total value of $4,253,600.00. Following the completion of the sale, the director now owns 480,437 shares of the company’s stock, valued at $51,089,670.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey Flug sold 304 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $103.01, for a total transaction of $31,315.04. Following the completion of the transaction, 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. Over the last three months, insiders have sold 100,760 shares of company stock worth $10,190,420. 10.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in Shake Shack during the first quarter worth approximately $25,000. GAMMA Investing LLC acquired a new position in shares of Shake Shack during the 4th quarter valued at $32,000. Ramirez Asset Management Inc. acquired a new position in shares of Shake Shack during the 3rd quarter valued at $35,000. C M Bidwell & Associates Ltd. raised its stake in shares of Shake Shack by 122.6% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 1,111 shares of the company’s stock worth $65,000 after buying an additional 612 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Shake Shack in the first quarter valued at $97,000. 86.07% of the stock is currently owned by institutional investors.

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.