Brokerages Set Shake Shack, Inc. (NYSE:SHAK) Price Target at $103.21

Shares of Shake Shack, Inc. (NYSE:SHAK) have been given an average rating of “Moderate Buy” by the twenty-nine research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $94.56.

A number of brokerages have weighed in on SHAK. BNP Paribas Exane lowered their price target on Shake Shack from $100.00 to $77.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. UBS Group restated a “neutral” rating and issued a $79.00 price objective on shares of Shake Shack in a report on Wednesday, June 3rd. Zacks Research upgraded Shake Shack from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. TD Cowen reissued a “hold” rating and issued a $70.00 price objective on shares of Shake Shack in a research note on Wednesday, June 3rd. Finally, Raymond James Financial cut shares of Shake Shack from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $125.00 to $85.00 in a research note on Wednesday, June 3rd.

Insider Transactions at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer bought 32,258 shares of Shake Shack stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $61.88 per share, for a total transaction of $1,996,125.04. Following the completion of the transaction, the director directly owned 378,670 shares in the company, valued at $23,432,099.60. This represents a 9.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffrey Flug bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $61.30 per share, for a total transaction of $61,300.00. Following the transaction, the director owned 5,470 shares in the company, valued at $335,311. This trade represents a 22.37% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 50,616 shares of company stock valued at $3,109,782. Company insiders own 8.32% of the company’s stock.

Institutional Investors Weigh In On Shake Shack

Large investors have recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC purchased a new stake in Shake Shack during the fourth quarter valued at $25,000. Geneos Wealth Management Inc. bought a new stake in shares of Shake Shack during the 1st quarter valued at $26,000. Assetmark Inc. increased its stake in shares of Shake Shack by 457.6% in the 4th quarter. Assetmark Inc. now owns 368 shares of the company’s stock worth $30,000 after purchasing an additional 302 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Shake Shack by 42.2% during the 4th quarter. UMB Bank n.a. now owns 391 shares of the company’s stock valued at $32,000 after acquiring an additional 116 shares during the period. Finally, Murphy & Mullick Capital Management Corp boosted its position in shares of Shake Shack by 68.5% in the third quarter. Murphy & Mullick Capital Management Corp now owns 418 shares of the company’s stock worth $38,000 after purchasing an additional 170 shares during the period. Institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Performance

Shares of NYSE SHAK opened at $54.31 on Wednesday. Shake Shack has a 12 month low of $51.60 and a 12 month high of $144.65. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.45. The company has a market cap of $2.32 billion, a P/E ratio of 54.10, a P/E/G ratio of 2.33 and a beta of 1.63. The business’s 50 day moving average is $80.10 and its two-hundred day moving average is $86.03.

Shake Shack Company Profile

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.