Shake Shack (NYSE:SHAK) PT Raised to $110.00 at Barclays

Shake Shack (NYSE:SHAK) had its target price boosted by Barclays from $108.00 to $110.00 in a research note published on Friday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts have also recently weighed in on SHAK. BTIG Research upped their price objective on shares of Shake Shack from $120.00 to $125.00 and gave the stock a buy rating in a report on Monday, May 6th. Wedbush reissued a neutral rating and issued a $90.00 target price on shares of Shake Shack in a report on Thursday. 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 research note on Monday, June 3rd. Capital One Financial assumed coverage on Shake Shack in a research report on Monday, July 29th. They issued an overweight rating and a $95.00 price target for the company. Finally, Bank of America cut their price objective on shares of Shake Shack from $116.00 to $96.00 and set a neutral rating on the stock in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Shake Shack presently has an average rating of Hold and an average price target of $104.83.

Shake Shack Trading Down 1.9 %

NYSE SHAK traded down $1.87 on Friday, hitting $94.56. The company’s stock had a trading volume of 763,559 shares, compared to its average volume of 951,342. The company has a current ratio of 2.06, a quick ratio of 1.99 and a debt-to-equity ratio of 0.51. Shake Shack has a 52-week low of $52.79 and a 52-week high of $111.29. The firm has a market cap of $4.00 billion, a P/E ratio of 175.33, a PEG ratio of 2.73 and a beta of 1.75. The company’s 50-day simple moving average is $88.86 and its 200 day simple moving average is $93.42.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. Shake Shack had a net margin of 2.23% and a return on equity of 5.63%. The company had revenue of $316.50 million for the quarter, compared to analysts’ expectations of $314.37 million. During the same quarter in the previous year, the company earned $0.18 earnings per share. Shake Shack’s quarterly revenue was up 16.4% on a year-over-year basis. Research analysts predict that Shake Shack will post 0.75 EPS for the current fiscal year.

Institutional Trading of Shake Shack

Hedge funds have recently added to or reduced their stakes in the business. Madison Asset Management LLC lifted its position in shares of Shake Shack by 52.6% during the fourth quarter. Madison Asset Management LLC now owns 84,062 shares of the company’s stock valued at $6,231,000 after buying an additional 28,975 shares during the last quarter. Virtu Financial LLC purchased a new position in Shake Shack in the first quarter worth $653,000. Lisanti Capital Growth LLC acquired a new position in shares of Shake Shack during the fourth quarter worth $2,784,000. Janney Montgomery Scott LLC purchased a new stake in shares of Shake Shack during the 1st quarter valued at $853,000. Finally, Jennison Associates LLC acquired a new stake in shares of Shake Shack in the 1st quarter worth $16,365,000. 86.07% of the stock is owned by hedge funds and other 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.