Shake Shack (NYSE:SHAK) PT Raised to $125.00 at BTIG Research

Shake Shack (NYSE:SHAK) had its price objective lifted by BTIG Research from $120.00 to $125.00 in a report published on Monday morning, Benzinga reports. BTIG Research currently has a buy rating on the stock.

A number of other analysts have also recently commented on the company. Truist Financial lifted their price objective on Shake Shack from $115.00 to $124.00 and gave the stock a buy rating in a research report on Friday. Wedbush lifted their price objective on Shake Shack from $100.00 to $110.00 and gave the stock a neutral rating in a research report on Friday. Barclays lifted their price objective on Shake Shack from $92.00 to $108.00 and gave the stock an equal weight rating in a research report on Friday. UBS Group lifted their price target on Shake Shack from $110.00 to $115.00 and gave the company a neutral rating in a report on Friday. Finally, Morgan Stanley lifted their price target on Shake Shack from $88.00 to $105.00 and gave the company an equal weight rating in a report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $98.24.

Shake Shack Trading Down 1.7 %

Shares of SHAK stock opened at $105.59 on Monday. Shake Shack has a fifty-two week low of $52.79 and a fifty-two week high of $111.29. The stock has a market cap of $4.47 billion, a P/E ratio of 191.99, a P/E/G ratio of 3.79 and a beta of 1.78. The business has a fifty day simple moving average of $102.46 and a 200-day simple moving average of $81.12. The company has a quick ratio of 1.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.52.

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

Insider Buying and Selling

In related news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total transaction of $31,315.04. Following the transaction, the director now directly owns 3,754 shares of the company’s stock, valued at approximately $386,699.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Daniel Harris Meyer sold 30,000 shares of the business’s 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 transaction, the director now directly owns 550,437 shares of the company’s stock, valued at approximately $52,429,124.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $103.01, for a total value of $31,315.04. Following the completion of the transaction, the director now directly owns 3,754 shares in the company, valued at $386,699.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,608 shares of company stock valued at $10,178,861. Corporate insiders own 10.06% of the company’s stock.

Institutional Trading of Shake Shack

A number of hedge funds have recently made changes to their positions in SHAK. 12 West Capital Management LP boosted its stake in Shake Shack by 82.2% during the 3rd quarter. 12 West Capital Management LP now owns 1,659,600 shares of the company’s stock valued at $96,373,000 after acquiring an additional 748,789 shares during the last quarter. Van Berkom & Associates Inc. raised its stake in shares of Shake Shack by 19.3% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,046,339 shares of the company’s stock valued at $60,761,000 after purchasing an additional 168,947 shares in the last quarter. Linonia Partnership LP bought a new position in shares of Shake Shack during the fourth quarter worth about $41,046,000. Qube Research & Technologies Ltd grew its stake in Shake Shack by 130.0% in the third quarter. Qube Research & Technologies Ltd now owns 436,888 shares of the company’s stock worth $25,370,000 after purchasing an additional 246,952 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Shake Shack by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 309,641 shares of the company’s stock valued at $22,951,000 after buying an additional 12,362 shares during the last quarter. 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.