Shake Shack (NYSE:SHAK) Given New $105.00 Price Target at JPMorgan Chase & Co.

Shake Shack (NYSE:SHAK - Get Free Report) had its price target lowered by JPMorgan Chase & Co. from $107.00 to $105.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 9.88% from the stock's current price.

SHAK has been the subject of several other reports. Gordon Haskett upgraded shares of Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 target price for the company in a research note on Wednesday, January 8th. Oppenheimer upped their price objective on shares of Shake Shack from $145.00 to $155.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Truist Financial increased their target price on shares of Shake Shack from $143.00 to $154.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Stifel Nicolaus lowered their price target on Shake Shack from $128.00 to $110.00 and set a "hold" rating on the stock in a research note on Friday, January 17th. Finally, UBS Group raised their price objective on Shake Shack from $130.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. One equities 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $125.67.

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Shake Shack Stock Performance

SHAK stock traded up $4.86 during mid-day trading on Thursday, reaching $95.56. 1,129,666 shares of the stock traded hands, compared to its average volume of 987,286. The firm has a market capitalization of $4.06 billion, a PE ratio of 415.47 and a beta of 1.89. The business has a 50-day moving average of $107.26 and a two-hundred day moving average of $115.40. Shake Shack has a 52 week low of $77.50 and a 52 week 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.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. As a group, equities analysts predict that Shake Shack will post 1.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Shake Shack

A number of institutional investors and hedge funds have recently bought and sold shares of SHAK. Nemes Rush Group LLC bought a new position in shares of Shake Shack in the fourth quarter valued at about $29,000. Harvest Fund Management Co. Ltd acquired a new stake in Shake Shack in the 4th quarter valued at about $32,000. Transcendent Capital Group LLC acquired a new stake in Shake Shack in the 4th quarter valued at about $52,000. R Squared Ltd bought a new position in shares of Shake Shack in the fourth quarter worth about $56,000. Finally, Montag & Caldwell LLC acquired a new position in shares of Shake Shack during the fourth quarter worth approximately $68,000. 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.