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

Shake Shack (NYSE:SHAK) had its price objective cut by Stifel Nicolaus from $120.00 to $97.00 in a research note issued to investors on Tuesday, Marketbeat reports. They currently have a hold rating on the stock.

Several other research analysts have also recently weighed in on the stock. TD Securities restated a “buy” rating and issued a $140.00 price objective on shares of Shake Shack in a research report on Friday, February 21st. Wedbush boosted their target price on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Robert W. Baird decreased their price target on Shake Shack from $98.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Truist Financial boosted their price objective on Shake Shack from $143.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Barclays raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $125.00 to $159.00 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.19.

Shake Shack Trading Up 3.9 %

Shares of SHAK opened at $83.57 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 363.35 and a beta of 1.80. The stock has a fifty day moving average price of $94.41 and a two-hundred day moving average price of $112.77. Shake Shack has a 52-week low of $72.93 and a 52-week high of $139.89.

Shake Shack (NYSE:SHAK) last released its quarterly 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 business had revenue of $328.68 million during the quarter, compared to analysts’ expectations of $329.02 million. Analysts predict that Shake Shack will post 1.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Shake Shack

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Shake Shack by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company’s stock valued at $574,497,000 after buying an additional 49,883 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Shake Shack by 30.7% during the fourth quarter. Invesco Ltd. now owns 1,245,093 shares of the company’s stock worth $161,613,000 after acquiring an additional 292,348 shares during the period. Balyasny Asset Management L.P. lifted its position in Shake Shack by 17.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company’s stock valued at $116,078,000 after acquiring an additional 134,475 shares in the last quarter. Geode Capital Management LLC boosted its stake in Shake Shack by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 876,380 shares of the company’s stock worth $90,470,000 after purchasing an additional 26,620 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Shake Shack by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 760,595 shares of the company’s stock worth $98,726,000 after purchasing an additional 19,320 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

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.