Analysts Set Shake Shack Inc. (NYSE:SHAK) Price Target at $123.78

Shake Shack Inc. (NYSE:SHAK) has earned a consensus rating of “Hold” from the seventeen research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $124.29.

Several equities research analysts recently weighed in on the company. Stifel Nicolaus cut their price objective on Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a report on Friday, January 17th. Wedbush restated a “neutral” rating and set a $130.00 price target on shares of Shake Shack in a report on Wednesday, January 15th. Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a report on Wednesday, January 8th. UBS Group boosted their target price on shares of Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Oppenheimer raised their price target on shares of Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th.

Insiders Place Their Bets

In other news, CFO Katherine Irene Fogertey sold 642 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the transaction, the chief financial officer now owns 30,717 shares in the company, valued at approximately $4,223,894.67. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.73% of the company’s stock.

Institutional Trading of Shake Shack

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its holdings in Shake Shack by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company’s stock worth $2,518,000 after acquiring an additional 100 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Shake Shack by 5.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company’s stock worth $243,000 after purchasing an additional 100 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Shake Shack by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock valued at $3,241,000 after purchasing an additional 139 shares during the period. Summit Financial LLC grew its position in Shake Shack by 1.1% in the 4th quarter. Summit Financial LLC now owns 13,083 shares of the company’s stock valued at $1,698,000 after purchasing an additional 139 shares during the period. Finally, Arizona State Retirement System increased its stake in Shake Shack by 1.7% during the 4th quarter. Arizona State Retirement System now owns 11,024 shares of the company’s stock valued at $1,431,000 after purchasing an additional 182 shares in the last quarter. 86.07% of the stock is owned by institutional investors.

Shake Shack Stock Performance

Shares of Shake Shack stock opened at $111.09 on Thursday. The company’s 50 day moving average price is $122.46 and its two-hundred day moving average price is $116.11. The firm has a market capitalization of $4.72 billion, a P/E ratio of 653.49 and a beta of 1.86. Shake Shack has a fifty-two week low of $77.50 and a fifty-two week high of $139.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98.

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.