Shake Shack (NYSE:SHAK) Stock Price Expected to Rise, UBS Group Analyst Says

Shake Shack (NYSE:SHAK) had its price objective raised by UBS Group from $130.00 to $140.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other brokerages also recently weighed in on SHAK. Oppenheimer lifted their target price on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday. TD Cowen reiterated a “buy” rating and issued a $125.00 price objective on shares of Shake Shack in a research note on Wednesday, September 18th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $102.00 target price (down from $105.00) on shares of Shake Shack in a research note on Tuesday, September 24th. 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 note on Tuesday. Finally, Truist Financial increased their price objective on shares of Shake Shack from $144.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Shake Shack currently has an average rating of “Hold” and a consensus price target of $120.50.

Shake Shack Stock Up 0.3 %

Shares of NYSE SHAK opened at $132.49 on Tuesday. The company’s 50 day moving average price is $129.61 and its 200-day moving average price is $109.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.01. Shake Shack has a 52-week low of $64.16 and a 52-week high of $139.89. The company has a market capitalization of $5.63 billion, a P/E ratio of 779.35, a price-to-earnings-growth ratio of 2.83 and a beta of 1.86.

Shake Shack (NYSE:SHAK) last released its earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The business had revenue of $316.92 million for the quarter, compared to analyst estimates of $316.03 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. Shake Shack’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities analysts forecast that Shake Shack will post 0.82 earnings per share for the current year.

Insider Activity at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total transaction of $88,281.42. Following the completion of the sale, the chief financial officer now directly owns 30,717 shares of the company’s stock, valued at approximately $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel Harris Meyer sold 22,691 shares of Shake Shack stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $124.47, for a total value of $2,824,348.77. Following the sale, the director now owns 437,646 shares in the company, valued at $54,473,797.62. This trade represents a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 53,333 shares of company stock valued at $6,566,330. 9.73% of the stock is owned by insiders.

Institutional Trading of Shake Shack

Several hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC increased its stake in shares of Shake Shack by 303.3% during the 2nd quarter. Hsbc Holdings PLC now owns 16,604 shares of the company’s stock worth $1,460,000 after purchasing an additional 12,487 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Shake Shack by 4.8% during the third quarter. Fisher Asset Management LLC now owns 354,114 shares of the company’s stock valued at $36,548,000 after purchasing an additional 16,097 shares during the period. GDS Wealth Management purchased a new stake in Shake Shack in the third quarter worth $417,000. Charles Schwab Investment Management Inc. raised its stake in shares of Shake Shack by 7.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 353,501 shares of the company’s stock valued at $36,485,000 after buying an additional 24,813 shares during the period. Finally, FMR LLC raised its stake in shares of Shake Shack by 3.6% in the third quarter. FMR LLC now owns 243,549 shares of the company’s stock valued at $25,137,000 after buying an additional 8,512 shares during the period. Institutional investors 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.