Barclays Increases Shake Shack (NYSE:SHAK) Price Target to $108.00

Shake Shack (NYSE:SHAK) had its price target lifted by investment analysts at Barclays from $92.00 to $108.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 0.49% from the stock’s current price.

SHAK has been the subject of several other reports. Wedbush lifted their price target on Shake Shack from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Friday. UBS Group boosted their target price 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. Oppenheimer raised their price target on shares of Shake Shack from $108.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Raymond James lifted their price objective on shares of Shake Shack from $90.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Friday, February 16th. Finally, Morgan Stanley increased their target price on shares of Shake Shack from $88.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $96.33.

Shake Shack Stock Up 2.4 %

Shake Shack stock opened at $107.47 on Friday. The firm’s 50 day moving average price is $102.37 and its two-hundred day moving average price is $80.59. The firm has a market cap of $4.55 billion, a PE ratio of 195.40, a P/E/G ratio of 3.80 and a beta of 1.78. Shake Shack has a twelve month low of $52.79 and a twelve month high of $110.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.01 and a current ratio of 2.03.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $290.50 million for the quarter, compared to the consensus estimate of $291.00 million. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. Shake Shack’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) earnings per share. On average, research analysts predict that Shake Shack will post 0.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, 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 value of $2,857,500.00. Following the completion of the sale, the director now directly owns 550,437 shares of the company’s stock, valued at $52,429,124.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Daniel Harris Meyer sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were 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 of the company’s stock, valued at $52,429,124.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Flug sold 304 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $103.01, for a total transaction of $31,315.04. Following the completion of the sale, the director now owns 3,754 shares of the company’s stock, valued at approximately $386,699.54. The disclosure for this sale can be found here. Insiders have sold a total of 100,760 shares of company stock valued at $10,190,420 in the last three months. Company insiders own 10.06% of the company’s stock.

Institutional Trading of Shake Shack

Institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. raised its stake in shares of Shake Shack by 4.5% in the fourth quarter. QRG Capital Management Inc. now owns 3,711 shares of the company’s stock valued at $275,000 after purchasing an additional 161 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Shake Shack in the 1st quarter valued at $25,000. SG Americas Securities LLC increased its holdings in Shake Shack by 6.9% in the 3rd quarter. SG Americas Securities LLC now owns 3,747 shares of the company’s stock valued at $218,000 after buying an additional 243 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Shake Shack by 5.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the company’s stock worth $265,000 after acquiring an additional 247 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Shake Shack by 1.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 19,679 shares of the company’s stock worth $1,143,000 after acquiring an additional 274 shares during the period. 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.