Shake Shack (NYSE:SHAK) Hits New 1-Year Low - What's Next?

Shares of Shake Shack Inc. (NYSE:SHAK - Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $75.95 and last traded at $75.29, with a volume of 594099 shares. The stock had previously closed at $84.21.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SHAK. Oppenheimer decreased their price target on shares of Shake Shack from $155.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday. Wedbush lifted their target price on shares of Shake Shack from $115.00 to $125.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. Loop Capital raised shares of Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price target for the company in a research report on Tuesday, April 1st. JPMorgan Chase & Co. decreased their price objective on Shake Shack from $107.00 to $105.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. Finally, UBS Group increased their target price on Shake Shack from $130.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $121.70.

Shake Shack Stock Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. The stock's 50 day simple moving average is $99.59 and its two-hundred day simple moving average is $114.07. The company has a market capitalization of $3.73 billion, a P/E ratio of 381.52 and a beta of 1.80.

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

Institutional Trading of Shake Shack

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHAK. Nemes Rush Group LLC acquired a new position in Shake Shack during the 4th quarter valued at about $29,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Shake Shack during the fourth quarter worth approximately $32,000. Transcendent Capital Group LLC acquired a new position in Shake Shack in the fourth quarter valued at approximately $52,000. R Squared Ltd acquired a new position in Shake Shack in the fourth quarter valued at approximately $56,000. Finally, Montag & Caldwell LLC bought a new position in Shake Shack in the fourth quarter valued at approximately $68,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.

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.