Piper Sandler Lowers Shake Shack (NYSE:SHAK) Price Target to $102.00

Shake Shack (NYSE:SHAK) had its price target lowered by stock analysts at Piper Sandler from $126.00 to $102.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 5.53% from the stock’s previous close.

SHAK has been the subject of several other research reports. Raymond James Financial restated a “strong-buy” rating and set a $160.00 price target (down previously from $165.00) on shares of Shake Shack in a research report on Friday, August 1st. Truist Financial cut their target price on shares of Shake Shack from $162.00 to $156.00 and set a “buy” rating for the company in a research report on Monday, September 29th. The Goldman Sachs Group cut their target price on shares of Shake Shack from $160.00 to $137.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. TD Cowen increased their target price on shares of Shake Shack from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. Finally, Mizuho upgraded shares of Shake Shack to a “hold” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $121.00.

Shake Shack Price Performance

SHAK opened at $96.65 on Friday. The firm has a market cap of $4.13 billion, a P/E ratio of 94.76, a PEG ratio of 2.35 and a beta of 1.65. The firm has a 50-day moving average of $96.81 and a 200 day moving average of $111.12. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.89 and a current ratio of 1.84. Shake Shack has a fifty-two week low of $72.93 and a fifty-two week high of $144.65.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.05. The company had revenue of $367.41 million during the quarter, compared to analyst estimates of $363.69 million. Shake Shack had a net margin of 3.10% and a return on equity of 10.43%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. Shake Shack has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts expect that Shake Shack will post 1.26 EPS for the current year.

Hedge Funds Weigh In On Shake Shack

A number of large investors have recently modified their holdings of SHAK. Holocene Advisors LP bought a new position in shares of Shake Shack in the second quarter valued at approximately $115,432,000. Nuveen LLC bought a new position in shares of Shake Shack in the first quarter valued at approximately $42,802,000. Ameriprise Financial Inc. boosted its position in shares of Shake Shack by 144.3% in the first quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company’s stock valued at $69,805,000 after acquiring an additional 467,748 shares during the period. Jennison Associates LLC boosted its position in shares of Shake Shack by 57.1% in the second quarter. Jennison Associates LLC now owns 593,971 shares of the company’s stock valued at $83,512,000 after acquiring an additional 215,984 shares during the period. Finally, Jump Financial LLC bought a new position in shares of Shake Shack in the first quarter valued at approximately $17,064,000. 86.07% of the stock is currently owned by institutional investors.

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.