Shake Shack Inc. (NYSE:SHAK)‘s stock had its “equal weight” rating reaffirmed by Barclays PLC in a research report issued on Friday. They presently have a $40.00 target price on the stock. Barclays PLC’s target price indicates a potential upside of 8.67% from the stock’s current price.

SHAK has been the topic of several other reports. Vetr downgraded Shake Shack from a “strong-buy” rating to a “hold” rating and set a $37.49 price objective on the stock. in a research report on Thursday. Buckingham Research restated a “buy” rating and issued a $45.00 price objective on shares of Shake Shack in a research report on Saturday, August 13th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $38.00 price objective (up from $35.00) on shares of Shake Shack in a research report on Thursday, August 11th. Zacks Investment Research upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Saturday, July 23rd. Finally, Wedbush restated an “underperform” rating and issued a $30.00 price objective on shares of Shake Shack in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $38.88.

Analyst Recommendations for Shake Shack (NYSE:SHAK)

Shares of Shake Shack (NYSE:SHAK) opened at 36.81 on Friday. The stock has a market capitalization of $881.71 million, a PE ratio of 90.89 and a beta of 1.20. Shake Shack has a one year low of $30.00 and a one year high of $47.00. The company’s 50-day moving average price is $33.14 and its 200 day moving average price is $35.81.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Wednesday, November 9th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Shake Shack had a return on equity of 8.09% and a net margin of 3.35%. The business had revenue of $74.60 million for the quarter, compared to the consensus estimate of $69.18 million. During the same period in the previous year, the business earned $0.12 earnings per share. The business’s revenue was up 40.0% on a year-over-year basis. Analysts anticipate that Shake Shack will post $0.45 EPS for the current year.

In other Shake Shack news, insider Equity Group L.P. Select sold 160,217 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $37.76, for a total transaction of $6,049,793.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Randall J. Garutti sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $32.11, for a total value of $256,880.00. Following the transaction, the chief executive officer now owns 11,100 shares of the company’s stock, valued at approximately $356,421. The disclosure for this sale can be found here. Company insiders own 44.69% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Shake Shack by 270.0% in the second quarter. Vanguard Group Inc. now owns 937,625 shares of the company’s stock valued at $34,157,000 after buying an additional 684,234 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Shake Shack by 5.3% in the second quarter. UBS Asset Management Americas Inc. now owns 6,000 shares of the company’s stock valued at $219,000 after buying an additional 300 shares during the period. Nationwide Fund Advisors raised its position in shares of Shake Shack by 163.9% in the second quarter. Nationwide Fund Advisors now owns 10,243 shares of the company’s stock valued at $373,000 after buying an additional 6,361 shares during the period. JPMorgan Chase & Co. raised its position in shares of Shake Shack by 74.1% in the second quarter. JPMorgan Chase & Co. now owns 28,616 shares of the company’s stock valued at $1,042,000 after buying an additional 12,180 shares during the period. Finally, Blair William & Co. IL raised its position in shares of Shake Shack by 111.6% in the second quarter. Blair William & Co. IL now owns 489,933 shares of the company’s stock valued at $17,848,000 after buying an additional 258,341 shares during the period. Institutional investors and hedge funds own 93.74% of the company’s stock.

Shake Shack Company Profile

Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company has approximately 84 Shacks in over 10 countries and approximately 45 cities. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.

5 Day Chart for NYSE:SHAK

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