Oppenheimer Issues Pessimistic Forecast for Shake Shack (NYSE:SHAK) Stock Price

Shake Shack (NYSE:SHAK - Free Report) had its price objective decreased by Oppenheimer from $155.00 to $125.00 in a research note published on Wednesday, Marketbeat Ratings reports. Oppenheimer currently has an outperform rating on the stock.

A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Shake Shack from $107.00 to $105.00 and set an "underweight" rating for the company in a report on Thursday, March 20th. Loop Capital upgraded shares of Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price objective on the stock in a report on Tuesday, April 1st. Barclays upgraded shares of Shake Shack from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $125.00 to $159.00 in a report on Tuesday, January 7th. Stifel Nicolaus lowered their price target on shares of 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, Wells Fargo & Company assumed coverage on shares of Shake Shack in a research note on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $121.70.

Remove Ads

Shake Shack Stock Down 0.1 %

Shares of NYSE SHAK traded down $0.12 during mid-day trading on Wednesday, reaching $82.59. 283,996 shares of the company's stock were exchanged, compared to its average volume of 1,053,506. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $96.89 and a 200 day simple moving average of $113.50. Shake Shack has a twelve month low of $72.93 and a twelve month high of $139.89. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 359.09 and a beta of 1.80.

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

Institutional Investors Weigh In On Shake Shack

A number of large investors have recently bought and sold shares of SHAK. Nemes Rush Group LLC acquired a new stake in 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 fourth quarter valued at approximately $32,000. Transcendent Capital Group LLC bought a new stake in Shake Shack during the 4th quarter worth $52,000. R Squared Ltd bought a new position in Shake Shack in the fourth quarter valued at about $56,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Shake Shack during the first quarter valued at about $44,000. 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.