Shake Shack (NYSE:SHAK) Upgraded to Buy at Loop Capital

Loop Capital upgraded shares of Shake Shack (NYSE:SHAK - Free Report) from a hold rating to a buy rating in a report published on Tuesday, Marketbeat.com reports. They currently have $127.00 price objective on the stock.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company began coverage on shares of Shake Shack in a report on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 price target for the company. Wedbush boosted their price target on shares of Shake Shack from $115.00 to $125.00 and gave the company a "neutral" rating in a report on Friday, February 21st. Stifel Nicolaus dropped 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. UBS Group lifted their price objective on Shake Shack from $130.00 to $140.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Finally, Gordon Haskett raised Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 target price on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $124.20.

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Shake Shack Trading Down 12.2 %

NYSE SHAK traded down $11.68 on Tuesday, hitting $84.03. 2,576,490 shares of the stock were exchanged, compared to its average volume of 1,021,470. The company's 50-day moving average price is $102.95 and its two-hundred day moving average price is $114.77. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. Shake Shack has a 52-week low of $77.50 and a 52-week high of $139.89. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 365.36 and a beta of 1.80.

Shake Shack (NYSE:SHAK - Get Free Report) last issued 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. The business had revenue of $328.68 million for the quarter, compared to the consensus estimate of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. Research analysts predict that Shake Shack will post 1.26 EPS for the current year.

Hedge Funds Weigh In On Shake Shack

Institutional investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System grew its holdings in Shake Shack by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company's stock valued at $2,518,000 after buying an additional 100 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Shake Shack by 5.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company's stock valued at $243,000 after acquiring an additional 100 shares during the period. Summit Financial LLC grew its stake in shares of Shake Shack by 1.1% in the fourth quarter. Summit Financial LLC now owns 13,083 shares of the company's stock worth $1,698,000 after acquiring an additional 139 shares during the last quarter. Arizona State Retirement System increased its position in Shake Shack by 1.7% during the fourth quarter. Arizona State Retirement System now owns 11,024 shares of the company's stock worth $1,431,000 after acquiring an additional 182 shares during the period. Finally, New York State Teachers Retirement System raised its stake in Shake Shack by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 39,225 shares of the company's stock valued at $5,091,000 after purchasing an additional 200 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors.

About Shake Shack

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.