Shake Shack (NYSE:SHAK) Stock Rating Upgraded by Loop Capital

Shake Shack (NYSE:SHAK) was upgraded by equities researchers at Loop Capital from a “hold” rating to a “buy” rating in a report released on Tuesday, MarketBeat Ratings reports. The brokerage presently has a $127.00 price objective on the stock. Loop Capital’s target price would suggest a potential upside of 44.02% from the company’s previous close.

Several other research analysts also recently commented on SHAK. Wedbush lifted their target price on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. decreased their target price on shares of Shake Shack from $107.00 to $105.00 and set an “underweight” rating on the stock in a research report on Thursday, March 20th. UBS Group increased their price target on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Wells Fargo & Company assumed coverage on Shake Shack in a report on Wednesday, March 26th. They issued an “equal weight” rating and a $95.00 price objective for the company. Finally, Truist Financial raised their target price on shares of Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Shake Shack presently has an average rating of “Hold” and a consensus price target of $124.20.

Shake Shack Stock Performance

Shares of NYSE SHAK opened at $88.19 on Tuesday. The stock has a market capitalization of $3.75 billion, a PE ratio of 383.41 and a beta of 1.89. Shake Shack has a 52 week low of $77.50 and a 52 week high of $139.89. The stock has a 50 day moving average price of $104.79 and a 200 day moving average price of $115.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.26 EPS 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%. Analysts predict that Shake Shack will post 1.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shake Shack

Several large investors have recently added to or reduced their stakes in the company. GDS Wealth Management boosted its holdings in Shake Shack by 253.6% in the 4th quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock worth $1,853,000 after buying an additional 10,239 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Shake Shack by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company’s stock valued at $46,979,000 after purchasing an additional 8,429 shares during the period. FMR LLC increased its holdings in shares of Shake Shack by 3.6% in the third quarter. FMR LLC now owns 243,549 shares of the company’s stock worth $25,137,000 after purchasing an additional 8,512 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Shake Shack in the fourth quarter worth $260,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Shake Shack during the third quarter valued at approximately $867,000. 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.