UBS Group Raises Shake Shack (NYSE:SHAK) Price Target to $115.00

Shake Shack (NYSE:SHAK) had its target price hoisted by analysts at UBS Group from $110.00 to $115.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target points to a potential upside of 7.01% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. StockNews.com cut Shake Shack from a “hold” rating to a “sell” rating in a report on Monday, March 4th. BTIG Research lifted their price target on Shake Shack from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Oppenheimer increased their price objective on shares of Shake Shack from $108.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Wedbush lifted their target price on shares of Shake Shack from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Barclays upped their price target on shares of Shake Shack from $92.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $96.33.

Shake Shack Stock Performance

NYSE:SHAK opened at $107.47 on Friday. The firm’s fifty day simple moving average is $102.37 and its 200-day simple moving average is $80.59. The company has a quick ratio of 2.01, a current ratio of 2.03 and a debt-to-equity ratio of 0.52. The stock has a market cap of $4.55 billion, a PE ratio of 195.40, a price-to-earnings-growth ratio of 3.71 and a beta of 1.78. Shake Shack has a fifty-two week low of $52.79 and a fifty-two week high of $110.90.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. The company had revenue of $290.50 million for the quarter, compared to analyst estimates of $291.00 million. During the same period in the prior year, the business posted ($0.01) earnings per share. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. Analysts expect that Shake Shack will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Daniel Harris Meyer sold 30,000 shares of the stock in a transaction 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 transaction, the director now directly owns 550,437 shares of the company’s stock, valued at approximately $52,429,124.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $103.01, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel Harris Meyer sold 30,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $95.25, for a total transaction of $2,857,500.00. Following the completion of the sale, the director now directly owns 550,437 shares of the company’s stock, valued at approximately $52,429,124.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,760 shares of company stock valued at $10,190,420. Insiders own 10.06% of the company’s stock.

Institutional Trading of Shake Shack

Several large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new stake in Shake Shack in the first quarter valued at approximately $25,000. GAMMA Investing LLC acquired a new position in shares of Shake Shack during the fourth quarter worth $32,000. Ramirez Asset Management Inc. purchased a new position in shares of Shake Shack in the third quarter valued at $35,000. C M Bidwell & Associates Ltd. grew its holdings in Shake Shack by 122.6% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 1,111 shares of the company’s stock valued at $65,000 after purchasing an additional 612 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Shake Shack during the 1st quarter valued at $97,000. 86.07% of the stock is currently 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.