Stifel Nicolaus Cuts Shake Shack (NYSE:SHAK) Price Target to $105.00

Shake Shack (NYSE:SHAK) had its price objective reduced by Stifel Nicolaus from $110.00 to $105.00 in a report released on Friday, MarketBeat reports. They currently have a hold rating on the stock.

SHAK has been the topic of several other reports. Barclays cut their price objective on shares of Shake Shack from $160.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 22nd. Truist Financial decreased their price target on Shake Shack from $162.00 to $156.00 and set a “buy” rating for the company in a research note on Monday, September 29th. Raymond James Financial restated a “strong-buy” rating and issued a $160.00 price target (down previously from $165.00) on shares of Shake Shack in a research note on Friday, August 1st. Morgan Stanley set a $115.00 price target on Shake Shack in a research note on Tuesday, October 21st. Finally, Loop Capital restated a “hold” rating and issued a $127.00 price target on shares of Shake Shack in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Shake Shack has an average rating of “Hold” and a consensus target price of $121.00.

Shake Shack Stock Up 5.8%

Shares of NYSE:SHAK opened at $96.65 on Friday. The stock has a fifty day simple moving average of $96.81 and a two-hundred day simple moving average of $111.33. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 94.76, a PEG ratio of 2.38 and a beta of 1.69. Shake Shack has a 12-month low of $72.93 and a 12-month high of $144.65. The company has a current ratio of 1.84, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46.

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

Hedge Funds Weigh In On Shake Shack

Several institutional investors have recently made changes to their positions in SHAK. Holocene Advisors LP bought a new position in shares of Shake Shack in the 2nd quarter worth approximately $115,432,000. Nuveen LLC bought a new position in shares of Shake Shack in the 1st quarter worth approximately $42,802,000. Ameriprise Financial Inc. lifted its stake in shares of Shake Shack by 144.3% in the 1st quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company’s stock worth $69,805,000 after purchasing an additional 467,748 shares during the period. Jennison Associates LLC lifted its stake in shares of Shake Shack by 57.1% in the 2nd quarter. Jennison Associates LLC now owns 593,971 shares of the company’s stock worth $83,512,000 after purchasing an additional 215,984 shares during the period. Finally, Jump Financial LLC bought a new position in shares of Shake Shack in the 1st quarter worth approximately $17,064,000. Institutional investors 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.