Shake Shack (NYSE:SHAK) Price Target Raised to $125.00

Shake Shack (NYSE:SHAK) had its price objective upped by analysts at Wedbush from $115.00 to $125.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Wedbush’s price objective indicates a potential upside of 0.87% from the company’s current price.

A number of other equities research analysts also recently weighed in on SHAK. Oppenheimer raised their price target on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. UBS Group raised their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Gordon Haskett raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a research report on Wednesday, January 8th. Truist Financial cut their price target on shares of Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Stifel Nicolaus reduced their price objective on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $124.89.

Shake Shack Stock Performance

Shares of SHAK stock opened at $123.92 on Friday. The stock’s fifty day simple moving average is $122.24 and its 200-day simple moving average is $116.17. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 728.96 and a beta of 1.86. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.51. Shake Shack has a 1-year low of $77.50 and a 1-year high of $139.89.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. On average, sell-side analysts predict that Shake Shack will post 0.9 earnings per share for the current fiscal year.

Insider Activity at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 642 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the transaction, the chief financial officer now owns 30,717 shares of the company’s stock, valued at approximately $4,223,894.67. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Shake Shack

Several hedge funds have recently made changes to their positions in the stock. Nemes Rush Group LLC bought a new position in Shake Shack during the fourth quarter valued at about $29,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Shake Shack in the 4th quarter worth approximately $32,000. Transcendent Capital Group LLC acquired a new stake in shares of Shake Shack during the 4th quarter worth approximately $52,000. R Squared Ltd bought a new stake in shares of Shake Shack during the fourth quarter valued at approximately $56,000. Finally, Montag & Caldwell LLC acquired a new position in shares of Shake Shack in the fourth quarter valued at $68,000. Institutional investors own 86.07% of the company’s stock.

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.