Shake Shack (NYSE:SHAK) Given New $140.00 Price Target at UBS Group

Shake Shack (NYSE:SHAK) had its price objective boosted by equities research analysts at UBS Group from $130.00 to $140.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 6.00% from the company’s current price.

Several other brokerages have also commented on SHAK. Truist Financial upped their price target on Shake Shack from $144.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. TD Cowen reiterated a “buy” rating and issued a $125.00 target price on shares of Shake Shack in a research note on Wednesday, September 18th. Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $125.00 to $159.00 in a research note on Tuesday. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $102.00 target price (down previously from $105.00) on shares of Shake Shack in a research note on Tuesday, September 24th. Finally, Oppenheimer increased their target price on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Shake Shack has an average rating of “Hold” and an average price target of $120.50.

Shake Shack Stock Performance

NYSE SHAK opened at $132.07 on Tuesday. The company has a market capitalization of $5.61 billion, a PE ratio of 776.88, a price-to-earnings-growth ratio of 2.83 and a beta of 1.86. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average price is $129.23 and its 200 day moving average price is $109.27. Shake Shack has a twelve month low of $64.16 and a twelve month high of $139.89.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The company had revenue of $316.92 million during the quarter, compared to analyst estimates of $316.03 million. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 earnings per share. On average, research analysts predict that Shake Shack will post 0.82 earnings per share for the current year.

Insiders Place Their Bets

In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total transaction of $88,281.42. Following the transaction, the chief financial officer now owns 30,717 shares of the company’s stock, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel Harris Meyer sold 22,691 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $124.47, for a total value of $2,824,348.77. Following the transaction, the director now directly owns 437,646 shares in the company, valued at approximately $54,473,797.62. This represents a 4.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,333 shares of company stock valued at $6,566,330 in the last quarter. Insiders own 9.73% of the company’s stock.

Institutional Trading of Shake Shack

Hedge funds have recently made changes to their positions in the stock. Quest Partners LLC bought a new stake in shares of Shake Shack in the 2nd quarter worth approximately $38,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Shake Shack in the 3rd quarter worth approximately $41,000. Kimelman & Baird LLC bought a new stake in shares of Shake Shack in the 2nd quarter worth approximately $45,000. Covestor Ltd lifted its holdings in shares of Shake Shack by 41.6% in the 3rd quarter. Covestor Ltd now owns 698 shares of the company’s stock worth $72,000 after purchasing an additional 205 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Shake Shack by 56.3% in the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $96,000 after purchasing an additional 265 shares during the last quarter. 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.