Shake Shack (NYSE:SHAK) Price Target Increased to $125.00 by Analysts at The Goldman Sachs Group

Shake Shack (NYSE:SHAK) had its target price raised by The Goldman Sachs Group from $110.00 to $125.00 in a report published on Friday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on SHAK. Wedbush reaffirmed a neutral rating and issued a $90.00 price target on shares of Shake Shack in a research note on Thursday. Robert W. Baird upped their price target on Shake Shack from $93.00 to $105.00 and gave the stock a neutral rating in a research note on Friday. Truist Financial increased their price target on Shake Shack from $125.00 to $127.00 and gave the stock a buy rating in a report on Friday. Capital One Financial assumed coverage on Shake Shack in a research report on Monday, July 29th. They set an overweight rating and a $95.00 target price on the stock. Finally, Bank of America cut their target price on Shake Shack from $116.00 to $96.00 and set a neutral rating on the stock in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $103.05.

Shake Shack Trading Down 5.8 %

Shares of Shake Shack stock traded down $5.98 on Friday, hitting $96.43. 2,512,709 shares of the company’s stock traded hands, compared to its average volume of 1,239,867. The company has a fifty day moving average of $88.89 and a two-hundred day moving average of $92.82. Shake Shack has a one year low of $52.79 and a one year high of $111.29. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 175.33, a price-to-earnings-growth ratio of 2.73 and a beta of 1.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.06 and a quick ratio of 1.99.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. The firm had revenue of $316.50 million for the quarter, compared to analysts’ expectations of $314.37 million. Shake Shack had a return on equity of 5.63% and a net margin of 2.23%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 EPS. As a group, sell-side analysts expect that Shake Shack will post 0.75 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SHAK. TD Asset Management Inc boosted its stake in Shake Shack by 6.1% in the second quarter. TD Asset Management Inc now owns 21,000 shares of the company’s stock valued at $1,890,000 after acquiring an additional 1,200 shares during the last quarter. Larson Financial Group LLC lifted its stake in Shake Shack by 2.3% in the second quarter. Larson Financial Group LLC now owns 37,946 shares of the company’s stock valued at $3,415,000 after purchasing an additional 866 shares during the last quarter. Rhumbline Advisers increased its position in Shake Shack by 1.5% in the second quarter. Rhumbline Advisers now owns 106,272 shares of the company’s stock worth $9,564,000 after buying an additional 1,523 shares during the last quarter. Summit Financial LLC raised its stake in shares of Shake Shack by 8.3% in the second quarter. Summit Financial LLC now owns 12,788 shares of the company’s stock valued at $1,151,000 after buying an additional 976 shares during the period. Finally, Panagora Asset Management Inc. raised its stake in shares of Shake Shack by 35.6% in the second quarter. Panagora Asset Management Inc. now owns 114,054 shares of the company’s stock valued at $10,265,000 after buying an additional 29,952 shares during the period. Institutional investors 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.