Morgan Stanley Boosts Shake Shack (NYSE:SHAK) Price Target to $105.00

Shake Shack (NYSE:SHAKFree Report) had its target price increased by Morgan Stanley from $88.00 to $105.00 in a research note released on Friday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts also recently weighed in on SHAK. Truist Financial lifted their price target on shares of Shake Shack from $112.00 to $115.00 and gave the company a buy rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. boosted their target price on shares of Shake Shack from $65.00 to $100.00 and gave the stock an underweight rating in a report on Monday, March 4th. HSBC assumed coverage on shares of Shake Shack in a research report on Wednesday, December 20th. They issued a hold rating and a $74.00 price target on the stock. UBS Group boosted their price target on shares of Shake Shack from $80.00 to $88.00 and gave the stock a neutral rating in a research report on Monday, February 12th. Finally, Raymond James boosted their price target on shares of Shake Shack from $90.00 to $115.00 and gave the stock a strong-buy rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $88.67.

Read Our Latest Stock Analysis on Shake Shack

Shake Shack Stock Performance

Shares of NYSE SHAK opened at $97.21 on Friday. The firm has a 50 day moving average of $98.32 and a 200 day moving average of $76.11. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 211.33, a price-to-earnings-growth ratio of 3.66 and a beta of 1.80. Shake Shack has a 12-month low of $52.64 and a 12-month high of $110.90.

Shake Shack (NYSE:SHAKGet Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.02 earnings per share for the quarter. Shake Shack had a net margin of 1.82% and a return on equity of 3.67%. The business had revenue of $286.20 million for the quarter, compared to the consensus estimate of $280.45 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. On average, research analysts anticipate that Shake Shack will post 0.71 earnings per share for the current year.

Insider Buying and Selling at Shake Shack

In related news, Director Jeffrey Flug sold 304 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $108.05, for a total value of $32,847.20. Following the completion of the transaction, the director now directly owns 4,058 shares of the company’s stock, valued at approximately $438,466.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Jeffrey Flug sold 304 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $108.05, for a total value of $32,847.20. Following the completion of the transaction, the director now directly owns 4,058 shares of the company’s stock, valued at approximately $438,466.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel Harris Meyer sold 30,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $95.25, for a total transaction of $2,857,500.00. Following the completion of the transaction, the director now owns 550,437 shares in the company, valued at approximately $52,429,124.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,912 shares of company stock valued at $10,201,834. 10.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Shake Shack

Several hedge funds and other institutional investors have recently bought and sold shares of SHAK. GAMMA Investing LLC acquired a new stake in shares of Shake Shack during the 4th quarter worth approximately $32,000. Ramirez Asset Management Inc. acquired a new stake in shares of Shake Shack during the 3rd quarter worth approximately $35,000. Natixis purchased a new position in shares of Shake Shack during the 4th quarter valued at approximately $53,000. Tower Research Capital LLC TRC lifted its position in shares of Shake Shack by 67.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 989 shares of the company’s stock valued at $55,000 after buying an additional 400 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. lifted its position in shares of Shake Shack by 122.6% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 1,111 shares of the company’s stock valued at $65,000 after buying an additional 612 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Company Profile

(Get Free Report)

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.

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