Robert W. Baird Raises Shake Shack (NYSE:SHAK) Price Target to $105.00

Shake Shack (NYSE:SHAK) had its price objective hoisted by Robert W. Baird from $102.00 to $105.00 in a report released on Friday, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also recently issued reports on the company. UBS Group upped their price objective on Shake Shack from $80.00 to $88.00 and gave the company a neutral rating in a research report on Monday, February 12th. BTIG Research boosted their target price on Shake Shack from $110.00 to $120.00 and gave the stock a buy rating in a research report on Thursday, March 14th. Morgan Stanley lifted their price target on shares of Shake Shack from $88.00 to $105.00 and gave the stock an equal weight rating in a research note on Friday, April 12th. StockNews.com cut shares of Shake Shack from a hold rating to a sell rating in a report on Monday, March 4th. Finally, Wedbush reiterated a neutral rating and set a $80.00 target price on shares of Shake Shack in a research note on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Shake Shack currently has a consensus rating of Hold and an average target price of $98.24.

Shake Shack Trading Down 1.7 %

NYSE:SHAK opened at $105.59 on Friday. Shake Shack has a one year low of $52.79 and a one year high of $111.29. The company’s 50-day simple moving average is $102.46 and its 200 day simple moving average is $81.12. The firm has a market capitalization of $4.47 billion, a P/E ratio of 191.99, a PEG ratio of 3.79 and a beta of 1.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 1.99.

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

Insider Activity

In related news, Director Daniel Harris Meyer sold 40,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $106.34, for a total transaction of $4,253,600.00. Following the completion of the transaction, the director now directly owns 480,437 shares of the company’s stock, valued at $51,089,670.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Shake Shack news, Director Daniel Harris Meyer sold 40,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $106.34, for a total transaction of $4,253,600.00. Following the completion of the transaction, the director now owns 480,437 shares in the company, valued at $51,089,670.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $103.01, for a total transaction of $31,315.04. Following the completion of the sale, the director now owns 3,754 shares in the company, valued at $386,699.54. The disclosure for this sale can be found here. Insiders have sold a total of 100,608 shares of company stock worth $10,178,861 over the last quarter. Insiders own 10.06% of the company’s stock.

Institutional Investors Weigh In On Shake Shack

Several institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC lifted its position in Shake Shack by 43.6% in the first quarter. SG Americas Securities LLC now owns 3,389 shares of the company’s stock worth $353,000 after buying an additional 1,029 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Shake Shack in the first quarter valued at $344,000. Texas Permanent School Fund Corp lifted its holdings in shares of Shake Shack by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 32,815 shares of the company’s stock worth $3,414,000 after acquiring an additional 439 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Shake Shack during the 1st quarter worth about $675,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in Shake Shack during the 1st quarter valued at about $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.