Shake Shack (NYSE:SHAK) Price Target Cut to $100.00 by Analysts at JPMorgan Chase & Co.

Shake Shack (NYSE:SHAK) had its price objective trimmed by JPMorgan Chase & Co. from $105.00 to $100.00 in a research report released on Monday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Several other research analysts have also issued reports on SHAK. Oppenheimer dropped their price target on shares of Shake Shack from $155.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Robert W. Baird increased their target price on Shake Shack from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday. Stifel Nicolaus decreased their price target on Shake Shack from $120.00 to $97.00 and set a “hold” rating on the stock in a research note on Tuesday, April 15th. Wedbush increased their price objective on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Finally, Loop Capital raised Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Shake Shack presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.48.

Shake Shack Trading Up 2.2 %

Shake Shack stock opened at $96.45 on Monday. Shake Shack has a 12 month low of $72.93 and a 12 month high of $139.89. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 419.35 and a beta of 1.61. The business has a 50 day moving average price of $89.01 and a two-hundred day moving average price of $111.25. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, May 1st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $320.90 million during the quarter, compared to the consensus estimate of $330.24 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the business earned $0.13 earnings per share. As a group, equities analysts forecast that Shake Shack will post 1.26 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its stake in shares of Shake Shack by 939.3% during the first quarter. Farther Finance Advisors LLC now owns 291 shares of the company’s stock worth $26,000 after purchasing an additional 263 shares during the period. Nemes Rush Group LLC bought a new position in Shake Shack during the fourth quarter worth about $29,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Shake Shack during the 4th quarter worth about $32,000. Garde Capital Inc. bought a new stake in shares of Shake Shack in the 1st quarter valued at about $35,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Shake Shack in the 1st quarter valued at approximately $44,000. Institutional investors and hedge funds own 86.07% of the company’s stock.

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.