Shake Shack (NYSE:SHAK) Given New $88.00 Price Target at UBS Group

Shake Shack (NYSE:SHAKFree Report) had its price objective hoisted by UBS Group from $80.00 to $88.00 in a report published on Monday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

SHAK has been the topic of a number of other research reports. Raymond James upgraded Shake Shack from an outperform rating to a strong-buy rating and set a $78.00 target price on the stock in a report on Wednesday, December 6th. Oppenheimer raised their price objective on Shake Shack from $70.00 to $80.00 and gave the stock an outperform rating in a report on Friday, January 5th. Barclays decreased their price objective on Shake Shack from $72.00 to $59.00 and set an equal weight rating on the stock in a report on Monday, October 23rd. Stifel Nicolaus decreased their price objective on Shake Shack from $62.00 to $60.00 and set a hold rating on the stock in a report on Tuesday, November 14th. Finally, HSBC initiated coverage on Shake Shack in a report on Wednesday, December 20th. They set a hold rating and a $74.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Shake Shack currently has a consensus rating of Hold and a consensus price target of $72.95.

Get Our Latest Stock Analysis on Shake Shack

Shake Shack Stock Performance

SHAK opened at $80.30 on Monday. The stock’s 50 day simple moving average is $71.58 and its 200 day simple moving average is $66.11. The stock has a market cap of $3.40 billion, a P/E ratio of 2,008.00 and a beta of 1.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.12 and a quick ratio of 2.09. Shake Shack has a 1-year low of $52.01 and a 1-year high of $81.89.

Insider Buying and Selling at Shake Shack

In other news, Director Jeffrey Flug sold 771 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $75.07, for a total transaction of $57,878.97. Following the completion of the sale, the director now directly owns 5,740 shares in the company, valued at $430,901.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 1,075 shares of company stock valued at $80,852 over the last three months. 10.06% of the stock is owned by company insiders.

Institutional Trading of Shake Shack

Several large investors have recently modified their holdings of SHAK. 12 West Capital Management LP grew its stake in shares of Shake Shack by 82.2% during the third quarter. 12 West Capital Management LP now owns 1,659,600 shares of the company’s stock valued at $96,373,000 after acquiring an additional 748,789 shares in the last quarter. Man Group plc grew its stake in Shake Shack by 1,416.0% in the fourth quarter. Man Group plc now owns 418,006 shares of the company’s stock worth $17,360,000 after purchasing an additional 390,433 shares in the last quarter. Norges Bank acquired a new position in Shake Shack in the fourth quarter worth about $12,514,000. Qube Research & Technologies Ltd grew its stake in Shake Shack by 130.0% in the third quarter. Qube Research & Technologies Ltd now owns 436,888 shares of the company’s stock worth $25,370,000 after purchasing an additional 246,952 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Shake Shack by 5.2% in the third quarter. Vanguard Group Inc. now owns 4,044,682 shares of the company’s stock worth $181,929,000 after purchasing an additional 200,222 shares in the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

Shake Shack Company Profile

(Get Free Report)

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.

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