Shake Shack (NYSE:SHAK) Price Target Cut to $100.00 by Analysts at Barclays

Shake Shack (NYSE:SHAK) had its target price trimmed by Barclays from $155.00 to $100.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities research analysts also recently issued reports on the company. Truist Financial dropped their target price on Shake Shack from $154.00 to $131.00 and set a “buy” rating on the stock in a research report on Tuesday. Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Wednesday, January 8th. UBS Group lifted their target price on Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Robert W. Baird lowered their price target on shares of Shake Shack from $98.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Finally, Loop Capital upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.29.

Shake Shack Trading Up 3.4 %

Shares of Shake Shack stock opened at $85.27 on Tuesday. The stock has a market capitalization of $3.63 billion, a P/E ratio of 370.74 and a beta of 1.80. Shake Shack has a 52-week low of $72.93 and a 52-week high of $139.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The stock’s 50-day simple moving average is $92.99 and its 200 day simple moving average is $112.37.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $328.68 million for the quarter, compared to analyst estimates of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. As a group, research analysts anticipate that Shake Shack will post 1.26 EPS for the current year.

Institutional Trading of Shake Shack

Several hedge funds and other institutional investors have recently bought and sold shares of SHAK. Vanguard Group Inc. lifted its holdings in shares of Shake Shack by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company’s stock worth $574,497,000 after acquiring an additional 49,883 shares during the last quarter. Invesco Ltd. lifted its stake in Shake Shack by 30.7% in the fourth quarter. Invesco Ltd. now owns 1,245,093 shares of the company’s stock worth $161,613,000 after purchasing an additional 292,348 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in Shake Shack by 17.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company’s stock worth $116,078,000 after purchasing an additional 134,475 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Shake Shack by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 760,595 shares of the company’s stock valued at $98,726,000 after buying an additional 19,320 shares during the period. Finally, Wasatch Advisors LP grew its stake in shares of Shake Shack by 1.8% during the fourth quarter. Wasatch Advisors LP now owns 566,425 shares of the company’s stock valued at $73,522,000 after buying an additional 10,147 shares during the last quarter. 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.