UBS Group Boosts Shake Shack (NYSE:SHAK) Price Target to $115.00

Shake Shack (NYSE:SHAK) had its price objective boosted by analysts at UBS Group from $110.00 to $115.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 7.00% from the stock’s current price.

A number of other brokerages also recently commented on SHAK. Truist Financial upped their price objective on shares of Shake Shack from $115.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday. Raymond James increased their price objective on shares of Shake Shack from $90.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Friday, February 16th. Robert W. Baird increased their price objective on shares of Shake Shack from $102.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. upped their target price on shares of Shake Shack from $65.00 to $100.00 and gave the company an “underweight” rating in a report on Monday, March 4th. Finally, Morgan Stanley upped their target price on shares of Shake Shack from $88.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shake Shack currently has an average rating of “Hold” and an average price target of $96.33.

Shake Shack Stock Performance

SHAK stock traded up $2.54 on Friday, hitting $107.48. The company’s stock had a trading volume of 998,226 shares, compared to its average volume of 952,318. The firm has a 50 day moving average of $102.37 and a two-hundred day moving average of $80.42. Shake Shack has a 1 year low of $52.79 and a 1 year high of $110.90. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 233.65, a price-to-earnings-growth ratio of 3.72 and a beta of 1.78. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.52.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $290.50 million during the quarter, compared to the consensus estimate of $291.00 million. Shake Shack had a net margin of 1.82% and a return on equity of 3.67%. Shake Shack’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) EPS. Equities analysts predict that Shake Shack will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 23,966 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were 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 directly owns 526,471 shares of the company’s stock, valued at approximately $52,715,541.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Shake Shack news, Director Daniel Harris Meyer sold 23,966 shares of the business’s 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 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 SEC, which is available through this link. Also, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was 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 approximately $386,699.54. The disclosure for this sale can be found here. In the last three months, insiders sold 100,760 shares of company stock valued at $10,190,420. 10.06% of the stock is owned by insiders.

Hedge Funds Weigh In On Shake Shack

A number of large investors have recently made changes to their positions in SHAK. Allspring Global Investments Holdings LLC bought a new stake in shares of Shake Shack in the 1st quarter valued at approximately $25,000. GAMMA Investing LLC bought a new stake in shares of Shake Shack in the 4th quarter valued at approximately $32,000. Ramirez Asset Management Inc. bought a new stake in shares of Shake Shack in the 3rd quarter valued at approximately $35,000. C M Bidwell & Associates Ltd. grew 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 valued at $65,000 after buying an additional 612 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Shake Shack in the 1st quarter valued at approximately $97,000. 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.