Shake Shack (NYSE:SHAK) PT Raised to $125.00 at BTIG Research

Shake Shack (NYSE:SHAK) had its target price raised by analysts at BTIG Research from $120.00 to $125.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price objective indicates a potential upside of 17.74% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. UBS Group boosted their target price on shares of Shake Shack from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday. TD Cowen restated a “buy” rating and issued a $125.00 price objective on shares of Shake Shack in a research report on Thursday. Raymond James increased their price objective on Shake Shack from $90.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Friday, February 16th. Oppenheimer boosted their target price on Shake Shack from $108.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Finally, Robert W. Baird raised their price target on Shake Shack from $102.00 to $105.00 and gave the company a “neutral” rating in a report on Friday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $98.24.

Shake Shack Price Performance

Shares of NYSE:SHAK traded down $1.30 during trading on Monday, reaching $106.17. The stock had a trading volume of 672,547 shares, compared to its average volume of 948,618. The stock has a market capitalization of $4.49 billion, a PE ratio of 197.80, a P/E/G ratio of 3.79 and a beta of 1.78. Shake Shack has a 52 week low of $52.79 and a 52 week high of $111.29. The business’s 50-day moving average price is $102.37 and its 200 day moving average price is $80.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 1.99.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The company had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $291.00 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities analysts predict that Shake Shack will post 0.72 earnings per share for the current year.

Insider Buying and Selling at Shake Shack

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $108.05, for a total transaction of $32,847.20. Following the sale, the director now directly owns 4,058 shares in the company, valued at approximately $438,466.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Shake Shack news, Director Daniel Harris Meyer sold 40,000 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $106.34, for a total transaction of $4,253,600.00. Following the completion of the transaction, the director now owns 480,437 shares in the company, valued at approximately $51,089,670.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $108.05, for a total value of $32,847.20. Following the completion of the sale, the director now owns 4,058 shares in the company, valued at $438,466.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,608 shares of company stock valued at $10,178,861. Company insiders own 10.06% of the company’s stock.

Hedge Funds Weigh In On Shake Shack

Large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Shake Shack in the third quarter valued at about $1,700,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Shake Shack by 60.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 77,901 shares of the company’s stock worth $5,774,000 after purchasing an additional 29,431 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Shake Shack by 14.6% in the 3rd quarter. California Public Employees Retirement System now owns 67,466 shares of the company’s stock valued at $3,918,000 after buying an additional 8,615 shares during the last quarter. Aigen Investment Management LP acquired a new position in Shake Shack during the third quarter worth $216,000. Finally, Campbell & CO Investment Adviser LLC raised its position in Shake Shack by 1,816.5% during the third quarter. Campbell & CO Investment Adviser LLC now owns 80,339 shares of the company’s stock worth $4,665,000 after acquiring an additional 76,147 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

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.