Barclays Has Lowered Expectations for Shake Shack (NYSE:SHAK) Stock Price

Shake Shack (NYSE:SHAK - Get Free Report) had its price objective cut by analysts at Barclays from $155.00 to $100.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's target price points to a potential upside of 11.16% from the company's current price.

Several other equities analysts also recently commented on SHAK. Raymond James set a $145.00 target price on shares of Shake Shack and gave the stock a "strong-buy" rating in a research report on Wednesday, April 16th. Robert W. Baird cut their price objective on Shake Shack from $98.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company started coverage on Shake Shack in a research report on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 target price for the company. Stifel Nicolaus dropped their price target on shares of Shake Shack from $120.00 to $97.00 and set a "hold" rating on the stock in a research report on Tuesday, April 15th. Finally, Wedbush upped their price objective on shares of Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $118.29.

Shake Shack Trading Down 0.0 %

Shares of Shake Shack stock traded down $0.01 during trading on Tuesday, hitting $89.96. The stock had a trading volume of 168,412 shares, compared to its average volume of 1,429,399. The stock has a 50 day simple moving average of $92.20 and a 200 day simple moving average of $112.08. Shake Shack has a 1 year low of $72.93 and a 1 year high of $139.89. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $3.83 billion, a PE ratio of 391.50 and a beta of 1.80.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $328.68 million during the quarter, compared to analyst estimates of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. On average, research analysts expect that Shake Shack will post 1.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Shake Shack

Large investors have recently made changes to their positions in the company. Nemes Rush Group LLC bought a new position in Shake Shack during the 4th quarter worth approximately $29,000. Harvest Fund Management Co. Ltd bought a new position in shares of Shake Shack during the fourth quarter worth $32,000. Farther Finance Advisors LLC grew its holdings in shares of Shake Shack by 939.3% in the 1st quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock valued at $26,000 after buying an additional 263 shares during the period. Transcendent Capital Group LLC bought a new stake in shares of Shake Shack in the 4th quarter valued at $52,000. Finally, Garde Capital Inc. acquired a new stake in Shake Shack during the 1st quarter worth $35,000. 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.