Brokerages Set Shake Shack Inc. (NYSE:SHAK) Target Price at $125.50

Shake Shack Inc. (NYSE:SHAK) has received a consensus recommendation of “Hold” from the eighteen research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $125.50.

SHAK has been the subject of a number of research reports. Wedbush lifted their price objective on shares of Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, February 21st. UBS Group lifted their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Oppenheimer boosted their price target on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. TD Securities reiterated a “buy” rating and set a $140.00 price target on shares of Shake Shack in a report on Friday, February 21st. Finally, Barclays upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $125.00 to $159.00 in a report on Tuesday, January 7th.

Shake Shack Trading Up 5.7 %

Shares of SHAK stock opened at $87.51 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The stock has a market capitalization of $3.72 billion, a P/E ratio of 380.47 and a beta of 1.89. The company has a 50 day moving average price of $112.06 and a 200 day moving average price of $115.77. Shake Shack has a fifty-two week low of $77.50 and a fifty-two week high of $139.89.

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

Institutional Trading of Shake Shack

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jefferies Financial Group Inc. raised its position in Shake Shack by 98.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 21,819 shares of the company’s stock valued at $2,832,000 after purchasing an additional 10,819 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Shake Shack by 9.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 31,370 shares of the company’s stock valued at $4,072,000 after purchasing an additional 2,690 shares during the last quarter. RB Capital Management LLC purchased a new stake in Shake Shack in the 4th quarter valued at $286,000. Woodline Partners LP raised its position in Shake Shack by 6.7% in the 4th quarter. Woodline Partners LP now owns 60,378 shares of the company’s stock valued at $7,837,000 after purchasing an additional 3,809 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in Shake Shack by 117.1% in the 4th quarter. Two Sigma Advisers LP now owns 43,200 shares of the company’s stock valued at $5,607,000 after purchasing an additional 23,300 shares during the last quarter. Hedge funds and other institutional investors 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.