Shake Shack (NYSE:SHAK) Price Target Cut to $97.00 by Analysts at Stifel Nicolaus

Shake Shack (NYSE:SHAK) had its target price decreased by Stifel Nicolaus from $120.00 to $97.00 in a research note published on Tuesday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other research firms also recently issued reports on SHAK. Robert W. Baird reduced their price target on shares of Shake Shack from $98.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. decreased their target price on Shake Shack from $107.00 to $105.00 and set an “underweight” rating on the stock in a research report on Thursday, March 20th. Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $125.00 to $159.00 in a report on Tuesday, January 7th. Wedbush lifted their price target on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Finally, Gordon Haskett raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $121.05.

Shake Shack Stock Performance

Shares of SHAK stock opened at $82.49 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. The stock has a 50 day simple moving average of $95.58 and a 200-day simple moving average of $113.13. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 358.67 and a beta of 1.80. Shake Shack has a 12-month low of $72.93 and a 12-month high of $139.89.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $328.68 million during the quarter, compared to the consensus estimate of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. On average, equities analysts forecast that Shake Shack will post 1.26 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GDS Wealth Management grew its holdings in Shake Shack by 253.6% in the fourth quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock valued at $1,853,000 after purchasing an additional 10,239 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Shake Shack by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company’s stock valued at $46,979,000 after buying an additional 8,429 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Shake Shack during the 4th quarter worth $260,000. Assenagon Asset Management S.A. raised its position in shares of Shake Shack by 45.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 152,264 shares of the company’s stock worth $19,764,000 after buying an additional 47,906 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Shake Shack by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 876,380 shares of the company’s stock worth $90,470,000 after buying an additional 26,620 shares during the period. Institutional investors and hedge funds 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.