UBS Group Boosts Shake Shack (NYSE:SHAK) Price Target to $115.00

Shake Shack (NYSE:SHAK) had its price objective increased by research analysts at UBS Group from $110.00 to $115.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 7.00% from the company’s previous close.

Other analysts also recently issued reports about the company. TD Cowen reiterated a “buy” rating and set a $125.00 target price on shares of Shake Shack in a research report on Thursday. Wedbush upped their target price on Shake Shack from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday. Raymond James upped their target price on Shake Shack from $90.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Friday, February 16th. Morgan Stanley lifted their price objective on Shake Shack from $88.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Finally, StockNews.com downgraded Shake Shack from a “hold” rating to a “sell” rating in a report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Shake Shack presently has a consensus rating of “Hold” and a consensus price target of $96.33.

Shake Shack Stock Up 2.4 %

Shares of NYSE:SHAK traded up $2.54 during trading on Friday, hitting $107.48. 998,226 shares of the company were exchanged, compared to its average volume of 952,318. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 233.65, a P/E/G ratio of 3.72 and a beta of 1.78. Shake Shack has a fifty-two week low of $52.79 and a fifty-two week high of $110.90. The firm has a fifty day moving average price of $102.37 and a two-hundred day moving average price of $80.42. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.52.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. Shake Shack had a return on equity of 3.67% and a net margin of 1.82%. The company had revenue of $290.50 million during the quarter, compared to the consensus estimate of $291.00 million. During the same period in the previous year, the company posted ($0.01) EPS. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, research analysts anticipate that Shake Shack will post 0.71 earnings per share for the current fiscal year.

Insider Transactions at Shake Shack

In related news, Director Daniel Harris Meyer sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $95.25, for a total value of $2,857,500.00. Following the sale, the director now owns 550,437 shares in the company, valued at approximately $52,429,124.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total value of $31,315.04. Following the transaction, the director now directly owns 3,754 shares in the company, valued at approximately $386,699.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel Harris Meyer sold 30,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $95.25, for a total value of $2,857,500.00. Following the completion of the transaction, the director now owns 550,437 shares in the company, valued at $52,429,124.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,760 shares of company stock valued at $10,190,420. Corporate insiders own 10.06% of the company’s stock.

Hedge Funds Weigh In On Shake Shack

Institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in Shake Shack during the first quarter valued at about $25,000. GAMMA Investing LLC purchased a new position in shares of Shake Shack during the fourth quarter valued at about $32,000. Ramirez Asset Management Inc. purchased a new position in shares of Shake Shack during the third quarter valued at about $35,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Shake Shack during the first quarter valued at about $97,000. Finally, C M Bidwell & Associates Ltd. grew its position in shares of Shake Shack by 122.6% during the third quarter. C M Bidwell & Associates Ltd. now owns 1,111 shares of the company’s stock valued at $65,000 after purchasing an additional 612 shares in the last quarter. 86.07% of the stock is owned by 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.