Shake Shack (NYSE:SHAK) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Shake Shack (NYSE:SHAK - Free Report) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. The firm issued an equal weight rating and a $95.00 price target on the stock.

A number of other research firms have also weighed in on SHAK. JPMorgan Chase & Co. cut their target price on shares of Shake Shack from $107.00 to $105.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. Wedbush lifted their price objective on shares of Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. TD Securities reiterated a "buy" rating and set a $140.00 target price on shares of Shake Shack in a research note on Friday, February 21st. UBS Group lifted their price target on Shake Shack from $130.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Finally, Barclays upgraded Shake Shack from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $125.00 to $159.00 in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $124.05.

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Shake Shack Stock Down 5.7 %

Shares of SHAK traded down $5.37 during mid-day trading on Wednesday, hitting $88.25. 1,120,055 shares of the company's stock were exchanged, compared to its average volume of 1,011,451. The stock's 50-day moving average is $105.33 and its 200-day moving average is $115.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. Shake Shack has a fifty-two week low of $77.50 and a fifty-two week high of $139.89. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 383.71 and a beta of 1.89.

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

Institutional Trading of Shake Shack

Several institutional investors and hedge funds have recently modified their holdings of SHAK. GDS Wealth Management raised its holdings in shares of Shake Shack by 253.6% in the fourth quarter. GDS Wealth Management now owns 14,277 shares of the company's stock worth $1,853,000 after acquiring an additional 10,239 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Shake Shack by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 354,114 shares of the company's stock valued at $36,548,000 after purchasing an additional 16,097 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Shake Shack by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company's stock worth $46,979,000 after purchasing an additional 8,429 shares during the last quarter. FMR LLC grew its holdings in shares of Shake Shack by 3.6% during the third quarter. FMR LLC now owns 243,549 shares of the company's stock worth $25,137,000 after buying an additional 8,512 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Shake Shack in the fourth quarter valued at approximately $260,000. 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.