Shake Shack (NYSE:SHAK) Given New $137.00 Price Target at The Goldman Sachs Group

Shake Shack (NYSE:SHAK) had its price target cut by The Goldman Sachs Group from $160.00 to $137.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also commented on SHAK. Sanford C. Bernstein set a $166.00 price objective on Shake Shack and gave the stock an “overweight” rating in a research note on Thursday, June 26th. UBS Group restated a “neutral” rating and set a $140.00 target price (up from $100.00) on shares of Shake Shack in a report on Friday, July 25th. Oppenheimer restated an “outperform” rating and set a $160.00 target price (up from $125.00) on shares of Shake Shack in a report on Thursday, June 26th. Wells Fargo & Company boosted their target price on Shake Shack from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. Finally, Truist Financial lowered their target price on Shake Shack from $162.00 to $156.00 and set a “buy” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $132.42.

Shake Shack Price Performance

NYSE:SHAK opened at $93.48 on Tuesday. Shake Shack has a 12 month low of $72.93 and a 12 month high of $144.65. The stock has a 50 day moving average of $107.68 and a two-hundred day moving average of $110.04. The company has a current ratio of 1.92, a quick ratio of 1.89 and a debt-to-equity ratio of 0.48. The firm has a market cap of $3.99 billion, a P/E ratio of 203.22, a price-to-earnings-growth ratio of 2.16 and a beta of 1.68.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.37 by $0.07. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The company had revenue of $356.47 million during the quarter, compared to analyst estimates of $352.56 million. During the same period in the previous year, the business earned $0.27 EPS. Shake Shack’s quarterly revenue was up 12.6% on a year-over-year basis. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts expect that Shake Shack will post 1.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Shake Shack news, CFO Katherine Irene Fogertey sold 2,023 shares of the company’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $141.28, for a total transaction of $285,809.44. Following the transaction, the chief financial officer directly owned 33,165 shares in the company, valued at $4,685,551.20. This represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Holocene Advisors LP purchased a new stake in shares of Shake Shack during the second quarter worth $115,432,000. Nuveen LLC purchased a new stake in shares of Shake Shack during the first quarter worth $42,802,000. Ameriprise Financial Inc. increased its position in shares of Shake Shack by 144.3% during the first quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company’s stock worth $69,805,000 after acquiring an additional 467,748 shares during the period. Jennison Associates LLC increased its position in shares of Shake Shack by 57.1% during the second quarter. Jennison Associates LLC now owns 593,971 shares of the company’s stock worth $83,512,000 after acquiring an additional 215,984 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of Shake Shack during the first quarter worth $17,064,000. 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.