Shake Shack (NYSE:SHAK) Given New $125.00 Price Target at BTIG Research

Shake Shack (NYSE:SHAK) had its target price lifted by equities research analysts at BTIG Research from $120.00 to $125.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s target price points to a potential upside of 18.96% from the company’s previous close.

Several other research analysts also recently issued reports on SHAK. Barclays upped their price target on shares of Shake Shack from $92.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. StockNews.com downgraded Shake Shack from a “hold” rating to a “sell” rating in a research report on Monday, March 4th. UBS Group lifted their price target on Shake Shack from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. TD Cowen reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Shake Shack in a research note on Thursday, May 2nd. Finally, Oppenheimer lifted their target price on shares of Shake Shack from $108.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Shake Shack has an average rating of “Hold” and a consensus target price of $98.24.

Shake Shack Stock Performance

Shake Shack stock opened at $105.08 on Monday. The company has a quick ratio of 1.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.52. The stock has a market cap of $4.45 billion, a PE ratio of 191.06, a P/E/G ratio of 3.79 and a beta of 1.78. Shake Shack has a 12-month low of $52.79 and a 12-month high of $111.29. The business’s 50-day moving average price is $102.51 and its two-hundred day moving average price is $81.47.

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

Insider Buying and Selling at Shake Shack

In other news, Director Daniel Harris Meyer sold 23,966 shares of Shake Shack stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $100.13, for a total value of $2,399,715.58. Following the completion of the transaction, the director now directly owns 526,471 shares of the company’s stock, valued at approximately $52,715,541.23. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Shake Shack news, Director Daniel Harris Meyer sold 23,966 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $100.13, for a total transaction of $2,399,715.58. Following the transaction, the director now directly owns 526,471 shares in the company, valued at approximately $52,715,541.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was 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 of the company’s stock, valued at approximately $438,466.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,608 shares of company stock valued at $10,178,861. 10.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Shake Shack

Several hedge funds and other institutional investors have recently bought and sold shares of SHAK. Allspring Global Investments Holdings LLC acquired a new stake in shares of Shake Shack in the 1st quarter valued at about $25,000. GAMMA Investing LLC acquired a new position in Shake Shack during the 4th quarter worth approximately $32,000. Ramirez Asset Management Inc. bought a new position in Shake Shack in the third quarter worth approximately $35,000. C M Bidwell & Associates Ltd. grew its stake in Shake Shack by 122.6% in the third quarter. C M Bidwell & Associates Ltd. now owns 1,111 shares of the company’s stock valued at $65,000 after acquiring an additional 612 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Shake Shack during the first quarter valued at approximately $97,000. 86.07% of the stock is owned by institutional investors.

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.