Shake Shack Inc. (NYSE:SHAK) Receives $123.78 Average Target Price from Analysts

Shake Shack Inc. (NYSE:SHAK - Get Free Report) has received an average rating of "Hold" from the seventeen analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $124.29.

SHAK has been the subject of a number of analyst reports. Gordon Haskett raised Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price objective for the company in a report on Wednesday, January 8th. Barclays raised 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 report on Tuesday, January 7th. Stifel Nicolaus cut their price target on Shake Shack from $128.00 to $110.00 and set a "hold" rating for the company in a report on Friday, January 17th. Oppenheimer lifted their price target on Shake Shack from $145.00 to $155.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Finally, UBS Group lifted their price target on Shake Shack from $130.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th.

Insider Transactions at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 642 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the transaction, the chief financial officer now directly owns 30,717 shares in the company, valued at approximately $4,223,894.67. The trade was a 2.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.73% of the company's stock.

Hedge Funds Weigh In On Shake Shack

Several institutional investors and hedge funds have recently modified their holdings of the business. PDT Partners LLC acquired a new position in shares of Shake Shack in the 4th quarter valued at approximately $1,238,000. AQR Capital Management LLC grew its position in shares of Shake Shack by 89.7% in the 4th quarter. AQR Capital Management LLC now owns 52,489 shares of the company's stock valued at $6,813,000 after purchasing an additional 24,818 shares during the period. Northern Trust Corp grew its position in shares of Shake Shack by 11.6% in the 4th quarter. Northern Trust Corp now owns 424,066 shares of the company's stock valued at $55,044,000 after purchasing an additional 43,997 shares during the period. MGO One Seven LLC acquired a new position in shares of Shake Shack in the 4th quarter valued at approximately $862,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Shake Shack by 14.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,837 shares of the company's stock valued at $3,354,000 after purchasing an additional 3,306 shares during the period. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Shake Shack Price Performance

Shares of NYSE SHAK traded down $0.58 during midday trading on Thursday, reaching $108.68. 1,399,812 shares of the company traded hands, compared to its average volume of 1,222,891. The firm has a market cap of $4.62 billion, a PE ratio of 639.27 and a beta of 1.86. The stock's 50-day simple moving average is $123.84 and its 200-day simple moving average is $115.97. Shake Shack has a 12 month low of $77.50 and a 12 month high of $139.89. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.01.

About Shake Shack

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.