Shake Shack (NYSE:SHAK) PT Raised to $105.00 at Morgan Stanley

Shake Shack (NYSE:SHAK) had its target price upped by equities research analysts at Morgan Stanley from $88.00 to $105.00 in a report issued on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 8.01% from the stock’s previous close.

SHAK has been the subject of a number of other reports. StockNews.com cut Shake Shack from a “hold” rating to a “sell” rating in a research note on Monday, March 4th. HSBC assumed coverage on Shake Shack in a research report on Wednesday, December 20th. They set a “hold” rating and a $74.00 target price on the stock. Truist Financial increased their price target on Shake Shack from $112.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. increased their price target on Shake Shack from $65.00 to $100.00 and gave the company an “underweight” rating in a research note on Monday, March 4th. Finally, BTIG Research increased their price target on Shake Shack from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $88.67.

Shake Shack Price Performance

Shares of SHAK stock opened at $97.21 on Friday. Shake Shack has a twelve month low of $52.64 and a twelve month high of $110.90. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 211.33, a P/E/G ratio of 3.75 and a beta of 1.80. The stock has a fifty day simple moving average of $98.32 and a two-hundred day simple moving average of $75.98. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.52.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, February 15th. The company reported $0.02 earnings per share for the quarter. Shake Shack had a return on equity of 3.67% and a net margin of 1.82%. The business had revenue of $286.20 million during the quarter, compared to analysts’ expectations of $280.45 million. During the same period in the prior year, the business earned ($0.06) EPS. The business’s revenue for the quarter was up 20.0% compared to the same quarter last year. On average, analysts predict that Shake Shack will post 0.71 EPS for the current fiscal year.

Insider Activity at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $95.25, for a total value of $2,857,500.00. Following the sale, the director now directly owns 550,437 shares of the company’s stock, valued at $52,429,124.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Daniel Harris Meyer sold 30,000 shares of Shake Shack stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $95.25, for a total value of $2,857,500.00. Following the sale, the director now directly owns 550,437 shares of the company’s stock, valued at $52,429,124.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey Flug sold 304 shares of Shake Shack stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total value of $31,315.04. Following the completion of the sale, the director now directly owns 3,754 shares in the company, valued at $386,699.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,912 shares of company stock worth $10,201,834. 10.06% of the stock is owned by corporate insiders.

Institutional Trading of Shake Shack

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of Shake Shack in the fourth quarter worth approximately $32,000. Ramirez Asset Management Inc. purchased a new position in Shake Shack during the third quarter worth approximately $35,000. Natixis purchased a new position in Shake Shack during the fourth quarter worth approximately $53,000. Tower Research Capital LLC TRC lifted its position in Shake Shack by 67.9% during the first quarter. Tower Research Capital LLC TRC now owns 989 shares of the company’s stock worth $55,000 after buying an additional 400 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. lifted its position in Shake Shack by 122.6% during the third quarter. C M Bidwell & Associates Ltd. now owns 1,111 shares of the company’s stock worth $65,000 after buying an additional 612 shares in the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Shake Shack Company Profile

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.