Brokerages Set Shake Shack Inc. (NYSE:SHAK) PT at $125.50

Shake Shack Inc. (NYSE:SHAK) has been given an average recommendation of “Hold” by the eighteen analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $125.50.

Several equities analysts recently weighed in on the stock. Truist Financial raised their price objective on shares of Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 21st. TD Securities reaffirmed a “buy” rating and set a $140.00 price objective on shares of Shake Shack in a research report on Friday, February 21st. UBS Group raised their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Stifel Nicolaus cut their price objective on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Finally, Barclays raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $125.00 to $159.00 in a research report on Tuesday, January 7th.

Institutional Investors Weigh In On Shake Shack

Several hedge funds and other institutional investors have recently modified their holdings of SHAK. Driehaus Capital Management LLC acquired a new stake in shares of Shake Shack in the fourth quarter worth $66,349,000. Point72 Asset Management L.P. boosted its stake in Shake Shack by 154.8% during the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock worth $67,157,000 after buying an additional 395,311 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Shake Shack during the third quarter worth $39,677,000. Holocene Advisors LP boosted its stake in Shake Shack by 68.3% during the third quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock worth $97,673,000 after buying an additional 384,131 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Shake Shack by 30.7% during the fourth quarter. Invesco Ltd. now owns 1,245,093 shares of the company’s stock worth $161,613,000 after buying an additional 292,348 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Price Performance

NYSE SHAK opened at $87.51 on Monday. The company has a 50 day simple moving average of $112.97 and a 200-day simple moving average of $115.78. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 380.47 and a beta of 1.89. Shake Shack has a 52-week low of $77.50 and a 52-week high of $139.89.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $328.68 million for the quarter, compared to analyst estimates of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. Equities research analysts predict that Shake Shack will post 1.26 earnings per share for the current fiscal year.

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.