Shake Shack (NYSE:SHAK) Price Target Cut to $125.00 by Analysts at Oppenheimer

Shake Shack (NYSE:SHAK) had its price objective lowered by Oppenheimer from $155.00 to $125.00 in a research note published on Wednesday morning, MarketBeat.com reports. The firm currently has an outperform rating on the stock.

A number of other research firms also recently commented on SHAK. Wells Fargo & Company initiated coverage on Shake Shack in a report on Wednesday, March 26th. They set an “equal weight” rating and a $95.00 target price on the stock. UBS Group raised their target price on Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Stifel Nicolaus dropped their price objective on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a report on Friday, January 17th. TD Securities restated a “buy” rating and issued a $140.00 price target on shares of Shake Shack in a research note on Friday, February 21st. Finally, Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Shake Shack has a consensus rating of “Hold” and an average price target of $121.70.

Shake Shack Trading Down 5.6 %

Shares of NYSE SHAK traded down $4.88 during midday trading on Wednesday, hitting $82.74. The stock had a trading volume of 766,038 shares, compared to its average volume of 1,048,945. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. Shake Shack has a 1-year low of $72.93 and a 1-year high of $139.89. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 359.25 and a beta of 1.80. The company has a fifty day moving average price of $98.29 and a 200 day moving average price of $113.76.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $328.68 million during the quarter, compared to the consensus estimate of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. On average, analysts predict that Shake Shack will post 1.26 earnings per share for the current year.

Hedge Funds Weigh In On Shake Shack

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHAK. GDS Wealth Management grew its holdings in shares of Shake Shack by 253.6% during the fourth quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock valued at $1,853,000 after buying an additional 10,239 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Shake Shack by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company’s stock worth $46,979,000 after purchasing an additional 8,429 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Shake Shack during the fourth quarter valued at approximately $260,000. Assenagon Asset Management S.A. lifted its position in Shake Shack by 45.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 152,264 shares of the company’s stock worth $19,764,000 after buying an additional 47,906 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Shake Shack by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 876,380 shares of the company’s stock worth $90,470,000 after buying an additional 26,620 shares in the last quarter. 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.