Analysts Set Shake Shack Inc. (NYSE:SHAK) Target Price at $88.67

Shake Shack Inc. (NYSE:SHAK) has been assigned a consensus rating of “Hold” from the seventeen brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $88.67.

A number of equities analysts have recently commented on the company. Robert W. Baird boosted their price objective on Shake Shack from $67.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. Morgan Stanley increased their price objective on shares of Shake Shack from $88.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. BTIG Research raised their price objective on shares of Shake Shack from $110.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, March 14th. JPMorgan Chase & Co. boosted their target price on shares of Shake Shack from $65.00 to $100.00 and gave the stock an “underweight” rating in a research note on Monday, March 4th. Finally, Oppenheimer increased their target price on Shake Shack from $108.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, March 22nd.

Insider Activity

In related news, Director Daniel Harris Meyer sold 40,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $106.34, for a total transaction of $4,253,600.00. Following the completion of the sale, the director now owns 480,437 shares in the company, valued at approximately $51,089,670.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Daniel Harris Meyer sold 40,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $106.34, for a total value of $4,253,600.00. Following the completion of the sale, the director now directly owns 480,437 shares of the company’s stock, valued at $51,089,670.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,912 shares of company stock valued at $10,201,834. 10.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Shake Shack

Large investors have recently modified their holdings of the stock. 12 West Capital Management LP raised its holdings in Shake Shack by 82.2% during the third quarter. 12 West Capital Management LP now owns 1,659,600 shares of the company’s stock worth $96,373,000 after purchasing an additional 748,789 shares in the last quarter. Linonia Partnership LP acquired a new position in Shake Shack during the 4th quarter worth approximately $41,046,000. Qube Research & Technologies Ltd raised its stake in shares of Shake Shack by 130.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 436,888 shares of the company’s stock worth $25,370,000 after buying an additional 246,952 shares in the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of Shake Shack by 19.3% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,046,339 shares of the company’s stock valued at $60,761,000 after buying an additional 168,947 shares during the period. Finally, Norges Bank purchased a new stake in shares of Shake Shack in the fourth quarter valued at approximately $12,238,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Performance

NYSE:SHAK opened at $99.97 on Friday. Shake Shack has a 52 week low of $52.64 and a 52 week high of $110.90. The company has a fifty day simple moving average of $100.48 and a two-hundred day simple moving average of $77.72. The company has a quick ratio of 2.01, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 217.33, a price-to-earnings-growth ratio of 3.55 and a beta of 1.80.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, February 15th. The company reported $0.02 EPS for the quarter. Shake Shack had a return on equity of 3.67% and a net margin of 1.82%. The firm had revenue of $286.20 million during the quarter, compared to analysts’ expectations of $280.45 million. During the same period in the previous year, the firm posted ($0.06) EPS. Shake Shack’s revenue for the quarter was up 20.0% on a year-over-year basis. As a group, equities analysts anticipate that Shake Shack will post 0.71 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.