Shake Shack Inc. (NYSE:SHAK) Receives $99.50 Average Price Target from Analysts

Shake Shack Inc. (NYSE:SHAK) has been given a consensus recommendation of “Hold” by the eighteen ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $104.83.

A number of equities research analysts have recently weighed in on SHAK shares. UBS Group raised their price target 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. Bank of America dropped their price target on Shake Shack from $116.00 to $96.00 and set a “neutral” rating for the company in a research note on Wednesday, July 17th. Morgan Stanley reduced their price objective on Shake Shack from $108.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. The Goldman Sachs Group upped their target price on Shake Shack from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday. Finally, Barclays lifted their price target on Shake Shack from $108.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday.

Shake Shack Stock Down 5.8 %

SHAK stock opened at $96.43 on Friday. Shake Shack has a 52 week low of $52.79 and a 52 week high of $111.29. The business has a 50-day simple moving average of $88.86 and a 200 day simple moving average of $93.04. The company has a quick ratio of 1.99, a current ratio of 2.06 and a debt-to-equity ratio of 0.51. The company has a market cap of $4.08 billion, a PE ratio of 175.33, a price-to-earnings-growth ratio of 2.73 and a beta of 1.75.

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 the consensus estimate of $0.27. Shake Shack had a net margin of 2.23% and a return on equity of 5.63%. The business had revenue of $316.50 million for the quarter, compared to analyst estimates of $314.37 million. During the same quarter last year, the business posted $0.18 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Sell-side analysts anticipate that Shake Shack will post 0.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Linonia Partnership LP bought a new stake in Shake Shack in the fourth quarter worth about $41,046,000. Charles Schwab Investment Management Inc. boosted its position in shares of 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 acquiring an additional 12,362 shares during the period. Bank of New York Mellon Corp grew its position in shares of Shake Shack by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 300,539 shares of the company’s stock valued at $27,048,000 after purchasing an additional 4,201 shares in the last quarter. Principal Financial Group Inc. increased its stake in Shake Shack by 31.4% in the 4th quarter. Principal Financial Group Inc. now owns 263,256 shares of the company’s stock worth $19,513,000 after acquiring an additional 62,897 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Shake Shack in the 4th quarter valued at about $12,238,000. 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.