Robert W. Baird Cuts Shake Shack (NYSE:SHAK) Price Target to $85.00

Shake Shack (NYSE:SHAK) had its price target trimmed by Robert W. Baird from $98.00 to $85.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the company. Truist Financial boosted their price objective on Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a report on Friday, February 21st. Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research note on Wednesday, January 8th. TD Securities reissued a “buy” rating and issued a $140.00 price objective on shares of Shake Shack in a research note on Friday, February 21st. Wells Fargo & Company began coverage on shares of Shake Shack in a research note on Wednesday, March 26th. They set an “equal weight” rating and a $95.00 target price on the stock. Finally, Oppenheimer raised their price target on shares of Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Shake Shack currently has an average rating of “Hold” and an average price target of $121.70.

Shake Shack Price Performance

Shares of SHAK opened at $87.75 on Monday. The firm has a 50-day simple moving average of $98.29 and a two-hundred day simple moving average of $113.76. The stock has a market cap of $3.73 billion, a PE ratio of 381.52 and a beta of 1.80. Shake Shack has a 1-year low of $72.93 and a 1-year high of $139.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98.

Shake Shack (NYSE:SHAK) last posted its earnings results 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 0.81% and a return on equity of 8.40%. The firm had revenue of $328.68 million during the quarter, compared to the consensus estimate of $329.02 million. As a group, analysts forecast that Shake Shack will post 1.26 EPS for the current year.

Institutional Investors Weigh In On Shake Shack

Institutional investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System boosted its holdings in shares of Shake Shack by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company’s stock valued at $2,518,000 after acquiring an additional 100 shares during the period. Quadrant Capital Group LLC raised its position in Shake Shack by 5.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company’s stock valued at $243,000 after purchasing an additional 100 shares during the last quarter. Summit Financial LLC raised its position in Shake Shack by 1.1% in the 4th quarter. Summit Financial LLC now owns 13,083 shares of the company’s stock valued at $1,698,000 after purchasing an additional 139 shares during the last quarter. Arizona State Retirement System boosted its stake in Shake Shack by 1.7% during the 4th quarter. Arizona State Retirement System now owns 11,024 shares of the company’s stock worth $1,431,000 after purchasing an additional 182 shares during the period. Finally, New York State Teachers Retirement System grew its position in Shake Shack by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 39,225 shares of the company’s stock worth $5,091,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other 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.