Shake Shack (NYSE:SHAK) Price Target Lowered to $97.00 at Stifel Nicolaus

Shake Shack (NYSE:SHAK - Free Report) had its price objective lowered by Stifel Nicolaus from $120.00 to $97.00 in a research note released on Tuesday morning, Marketbeat Ratings reports. The firm currently has a hold rating on the stock.

Several other research analysts have also commented on the stock. Truist Financial raised their price objective on shares of Shake Shack from $143.00 to $154.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Robert W. Baird reduced their price objective on Shake Shack from $98.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Loop Capital raised Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 target price for the company in a research note on Tuesday, April 1st. JPMorgan Chase & Co. reduced their price target on Shake Shack from $107.00 to $105.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. Finally, Barclays raised Shake Shack from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $125.00 to $159.00 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Shake Shack currently has an average rating of "Moderate Buy" and a consensus target price of $122.19.

Shake Shack Trading Up 3.9 %

Shares of SHAK traded up $3.12 during trading on Tuesday, reaching $83.57. 1,160,524 shares of the company traded hands, compared to its average volume of 1,065,382. The stock has a 50-day simple moving average of $93.95 and a 200-day simple moving average of $112.65. The stock has a market cap of $3.55 billion, a PE ratio of 363.35 and a beta of 1.80. Shake Shack has a twelve month low of $72.93 and a twelve month high of $139.89. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50.

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

Institutional Trading of Shake Shack

Hedge funds have recently modified their holdings of the business. GDS Wealth Management raised its position in 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 in the last quarter. Charles Schwab Investment Management Inc. grew 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 period. Sequoia Financial Advisors LLC purchased a new position in shares of Shake Shack in the 4th quarter valued at about $260,000. Assenagon Asset Management S.A. lifted its stake in shares of Shake Shack by 45.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 152,264 shares of the company's stock valued at $19,764,000 after purchasing an additional 47,906 shares during the period. Finally, Geode Capital Management LLC grew its position in Shake Shack by 3.1% during the third quarter. Geode Capital Management LLC now owns 876,380 shares of the company's stock worth $90,470,000 after buying an additional 26,620 shares during the period. 86.07% of the stock is 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.