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

Shake Shack (NYSE:SHAK - Free Report) had its target price trimmed by Stifel Nicolaus from $128.00 to $110.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other research firms have also recently commented on SHAK. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $102.00 price target (down from $105.00) on shares of Shake Shack in a research note on Tuesday, September 24th. Oppenheimer lifted their target price on shares of Shake Shack from $145.00 to $155.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Gordon Haskett upgraded shares of Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price target on the stock in a research note on Wednesday, January 8th. Barclays upgraded shares of Shake Shack from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. Finally, Wedbush restated a "neutral" rating and issued a $130.00 price objective on shares of Shake Shack in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $123.78.

Shake Shack Stock Down 1.4 %

Shares of NYSE:SHAK traded down $1.64 on Friday, reaching $115.25. The company had a trading volume of 1,722,713 shares, compared to its average volume of 691,681. The firm has a market capitalization of $4.90 billion, a PE ratio of 677.94, a PEG ratio of 1.91 and a beta of 1.86. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.51. Shake Shack has a 52-week low of $66.06 and a 52-week high of $139.89. The firm's 50 day simple moving average is $128.97 and its 200-day simple moving average is $111.20.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $316.03 million. During the same period in the previous year, the company posted $0.17 earnings per share. The firm's revenue was up 14.7% on a year-over-year basis. As a group, analysts expect that Shake Shack will post 0.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Shake Shack news, Director Daniel Harris Meyer sold 30,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $121.79, for a total transaction of $3,653,700.00. Following the completion of the sale, the director now directly owns 407,646 shares in the company, valued at approximately $49,647,206.34. The trade was a 6.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the transaction, the chief financial officer now directly owns 30,717 shares of the company's stock, valued at $4,223,894.67. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,333 shares of company stock valued at $6,566,330. 9.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Shake Shack

Large investors have recently modified their holdings of the business. Point72 Asset Management L.P. boosted its position in Shake Shack by 154.8% during the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company's stock worth $67,157,000 after acquiring an additional 395,311 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Shake Shack during the 3rd quarter worth approximately $39,677,000. Holocene Advisors LP boosted its holdings in shares of Shake Shack by 68.3% during the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company's stock worth $97,673,000 after purchasing an additional 384,131 shares during the last quarter. Marshall Wace LLP grew its position in shares of Shake Shack by 101.2% in the second quarter. Marshall Wace LLP now owns 544,336 shares of the company's stock valued at $48,990,000 after purchasing an additional 273,822 shares in the last quarter. Finally, Armistice Capital LLC increased its holdings in shares of Shake Shack by 69.1% in the second quarter. Armistice Capital LLC now owns 579,904 shares of the company's stock valued at $52,191,000 after purchasing an additional 236,950 shares during the last quarter. Hedge funds and other 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.