Robert W. Baird Raises Shake Shack (NYSE:SHAK) Price Target to $105.00

Shake Shack (NYSE:SHAK) had its price target upped by Robert W. Baird from $102.00 to $105.00 in a research report report published on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also weighed in on the stock. Raymond James raised their price objective on shares of Shake Shack from $90.00 to $115.00 and gave the company a strong-buy rating in a research report on Friday, February 16th. Truist Financial increased their target price on shares of Shake Shack from $112.00 to $115.00 and gave the stock a buy rating in a research report on Tuesday, April 2nd. TD Cowen restated a buy rating and set a $125.00 target price on shares of Shake Shack in a report on Thursday. Oppenheimer upped their price target on Shake Shack from $108.00 to $120.00 and gave the stock an outperform rating in a research note on Friday, March 22nd. Finally, Morgan Stanley boosted their target price on Shake Shack from $88.00 to $105.00 and gave the stock an equal weight rating in a report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Shake Shack has an average rating of Hold and a consensus target price of $98.24.

Shake Shack Stock Down 1.7 %

SHAK traded down $1.85 on Friday, reaching $105.62. 1,152,481 shares of the company traded hands, compared to its average volume of 954,618. Shake Shack has a 52-week low of $52.79 and a 52-week high of $111.29. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 1.99. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 197.80, a PEG ratio of 3.79 and a beta of 1.78. The stock’s 50 day moving average price is $102.37 and its 200-day moving average price is $80.77.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The firm had revenue of $290.50 million during the quarter, compared to analysts’ expectations of $291.00 million. During the same quarter last year, the firm earned ($0.01) earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, sell-side analysts expect that Shake Shack will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total value of $31,315.04. Following the completion of the transaction, the director now directly owns 3,754 shares in the company, valued at $386,699.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Daniel Harris Meyer sold 23,966 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $100.13, for a total value of $2,399,715.58. Following the completion of the transaction, the director now directly owns 526,471 shares of the company’s stock, valued at approximately $52,715,541.23. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $103.01, for a total value of $31,315.04. Following the completion of the sale, 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. Insiders have sold a total of 100,608 shares of company stock valued at $10,178,861 over the last three months. 10.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Shake Shack

Several institutional investors and hedge funds have recently made changes to their positions in SHAK. Allspring Global Investments Holdings LLC acquired a new position in Shake Shack in the first quarter valued at about $25,000. GAMMA Investing LLC bought a new stake in Shake Shack during the 4th quarter worth approximately $32,000. Ramirez Asset Management Inc. bought a new position in Shake Shack in the 3rd quarter valued at $35,000. C M Bidwell & Associates Ltd. boosted its stake in Shake Shack by 122.6% in the third quarter. C M Bidwell & Associates Ltd. now owns 1,111 shares of the company’s stock worth $65,000 after purchasing an additional 612 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Shake Shack during the first quarter worth $97,000. 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.