JPMorgan Chase & Co. Cuts Shake Shack (NYSE:SHAK) Price Target to $105.00

Shake Shack (NYSE:SHAK) had its price target trimmed by JPMorgan Chase & Co. from $107.00 to $105.00 in a report published on Thursday,Benzinga reports. The firm currently has an underweight rating on the stock.

Several other equities research analysts have also recently commented on SHAK. TD Securities reaffirmed a “buy” rating and issued a $140.00 target price on shares of Shake Shack in a research report on Friday, February 21st. Oppenheimer raised their target price on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Wedbush raised their target price on shares of Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. UBS Group raised their target price on shares of Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Gordon Haskett raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Shake Shack has a consensus rating of “Hold” and an average price target of $125.67.

Shake Shack Trading Down 0.1 %

NYSE:SHAK opened at $90.58 on Thursday. The company has a fifty day moving average of $107.78 and a 200 day moving average of $115.29. Shake Shack has a 52 week low of $77.50 and a 52 week high of $139.89. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $3.85 billion, a P/E ratio of 393.83 and a beta of 1.89.

Shake Shack (NYSE:SHAK) last posted 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. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The company had revenue of $328.68 million during the quarter, compared to analyst estimates of $329.02 million. On average, research analysts predict that Shake Shack will post 1.26 earnings per share for the current year.

Institutional Trading of Shake Shack

Institutional investors and hedge funds have recently bought and sold shares of the company. Nemes Rush Group LLC bought a new stake in Shake Shack during the 4th quarter valued at about $29,000. Harvest Fund Management Co. Ltd bought a new stake in Shake Shack during the 4th quarter valued at about $32,000. Transcendent Capital Group LLC bought a new stake in Shake Shack during the 4th quarter valued at about $52,000. R Squared Ltd bought a new stake in Shake Shack during the 4th quarter valued at about $56,000. Finally, Montag & Caldwell LLC bought a new stake in Shake Shack during the 4th quarter valued at about $68,000. 86.07% of the stock is currently owned by institutional investors.

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.