Shake Shack (NYSE:SHAK) Price Target Raised to $125.00

Shake Shack (NYSE:SHAK) had its price objective hoisted by Truist Financial from $124.00 to $125.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. increased their target price on Shake Shack from $102.00 to $105.00 and gave the stock an underweight rating in a report on Monday, June 3rd. UBS Group raised their target price on shares of Shake Shack from $110.00 to $115.00 and gave the company a neutral rating in a research note on Friday, May 3rd. Morgan Stanley increased their price target on Shake Shack from $88.00 to $105.00 and gave the company an equal weight rating in a research note on Friday, April 12th. Barclays lifted their target price on Shake Shack from $92.00 to $108.00 and gave the stock an equal weight rating in a report on Friday, May 3rd. Finally, Robert W. Baird raised their price objective on shares of Shake Shack from $102.00 to $105.00 and gave the company a neutral rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $99.22.

Shake Shack Stock Performance

NYSE:SHAK opened at $85.90 on Monday. Shake Shack has a 1-year low of $52.79 and a 1-year high of $111.29. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 1.99. The firm’s fifty day moving average price is $95.89 and its 200 day moving average price is $90.99. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 156.18, a price-to-earnings-growth ratio of 3.37 and a beta of 1.75.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The firm had revenue of $290.50 million during the quarter, compared to the consensus estimate of $291.00 million. During the same period last year, the business posted ($0.01) EPS. Shake Shack’s quarterly revenue was up 14.7% on a year-over-year basis. On average, sell-side analysts expect that Shake Shack will post 0.74 EPS for the current year.

Hedge Funds Weigh In On Shake Shack

A number of hedge funds have recently added to or reduced their stakes in SHAK. QRG Capital Management Inc. increased 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 worth $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 first quarter valued at approximately $25,000. Natixis Advisors L.P. grew its holdings in Shake Shack by 3.8% in the 3rd quarter. Natixis Advisors L.P. now owns 10,695 shares of the company’s stock worth $621,000 after acquiring an additional 388 shares during the last quarter. RFG Advisory LLC increased its holdings in Shake Shack by 10.3% during the 4th quarter. RFG Advisory LLC now owns 4,401 shares of the company’s stock valued at $326,000 after purchasing an additional 412 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in Shake Shack in the fourth quarter worth $32,000. 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.