Brokerages Set Shake Shack Inc. (NYSE:SHAK) Price Target at $99.50

Shares of Shake Shack Inc. (NYSE:SHAK) have been given an average rating of “Hold” by the eighteen ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $104.83.

Several equities research analysts have weighed in on the company. Bank of America cut their target price 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. Wedbush reiterated a “neutral” rating and issued a $90.00 price target on shares of Shake Shack in a research note on Thursday. Barclays increased 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. Deutsche Bank Aktiengesellschaft increased their price target on Shake Shack from $105.00 to $115.00 and gave the company a “hold” rating in a research note on Friday. Finally, BTIG Research increased their price target on Shake Shack from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, May 6th.

Institutional Trading of Shake Shack

A number of large investors have recently bought and sold shares of SHAK. Raymond James & Associates grew its holdings in Shake Shack by 53.7% during the 4th quarter. Raymond James & Associates now owns 73,771 shares of the company’s stock worth $5,468,000 after acquiring an additional 25,761 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Shake Shack by 60.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 77,901 shares of the company’s stock valued at $5,774,000 after acquiring an additional 29,431 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Shake Shack by 8.0% in the 4th quarter. DAVENPORT & Co LLC now owns 10,739 shares of the company’s stock worth $796,000 after purchasing an additional 800 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Shake Shack by 7.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,606 shares of the company’s stock valued at $1,305,000 after acquiring an additional 1,251 shares during the period. Finally, RFG Advisory LLC grew its position in shares of Shake Shack by 10.3% during the 4th quarter. RFG Advisory LLC now owns 4,401 shares of the company’s stock valued at $326,000 after purchasing an additional 412 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Shake Shack Stock Down 5.8 %

NYSE SHAK opened at $96.43 on Friday. The business has a fifty day moving average price of $88.86 and a two-hundred day moving average price of $93.04. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.06 and a quick ratio of 1.99. Shake Shack has a fifty-two week low of $52.79 and a fifty-two week high of $111.29. The stock has a market capitalization of $4.08 billion, a PE ratio of 175.33, a PEG ratio of 2.73 and a beta of 1.75.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. Shake Shack had a return on equity of 5.63% and a net margin of 2.23%. The firm had revenue of $316.50 million during the quarter, compared to analysts’ expectations of $314.37 million. During the same period in the prior year, the company earned $0.18 earnings per share. The company’s quarterly revenue was up 16.4% on a year-over-year basis. Equities analysts expect that Shake Shack will post 0.75 earnings per share for the current fiscal year.

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.