Brokerages Set Shake Shack Inc. (NYSE:SHAK) Price Target at $124.20

Shares of Shake Shack Inc. (NYSE:SHAK) have been assigned an average rating of “Hold” from the twenty analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $124.20.

SHAK has been the topic of a number of recent analyst reports. UBS Group boosted their target price on shares of Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on shares of Shake Shack from $107.00 to $105.00 and set an “underweight” rating for the company in a research report on Thursday, March 20th. TD Securities reaffirmed a “buy” rating and issued a $140.00 target price on shares of Shake Shack in a report on Friday, February 21st. Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $125.00 to $159.00 in a report on Tuesday, January 7th. Finally, Loop Capital upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research note on Tuesday, April 1st.

Institutional Trading of Shake Shack

A number of hedge funds have recently added to or reduced their stakes in SHAK. Louisiana State Employees Retirement System lifted its stake in shares of Shake Shack by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company’s stock valued at $2,518,000 after acquiring an additional 100 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Shake Shack by 5.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company’s stock worth $243,000 after purchasing an additional 100 shares in the last quarter. Summit Financial LLC raised its position in Shake Shack by 1.1% in the fourth quarter. Summit Financial LLC now owns 13,083 shares of the company’s stock valued at $1,698,000 after purchasing an additional 139 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Shake Shack by 1.7% during the fourth quarter. Arizona State Retirement System now owns 11,024 shares of the company’s stock valued at $1,431,000 after purchasing an additional 182 shares in the last quarter. Finally, New York State Teachers Retirement System grew its holdings in shares of Shake Shack by 0.5% during the fourth quarter. New York State Teachers Retirement System now owns 39,225 shares of the company’s stock worth $5,091,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Stock Performance

Shares of Shake Shack stock opened at $78.46 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 341.15 and a beta of 1.80. The stock’s 50-day moving average is $102.14 and its 200-day moving average is $114.77. Shake Shack has a one year low of $74.00 and a one year high of $139.89.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The company 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 analysts predict that Shake Shack will post 1.26 earnings per share for the current fiscal year.

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.