Stifel Nicolaus Boosts Shake Shack (NYSE:SHAK) Price Target to $128.00

Shake Shack (NYSE:SHAK) had its target price boosted by Stifel Nicolaus from $115.00 to $128.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $102.00 target price (down from $105.00) on shares of Shake Shack in a report on Tuesday, September 24th. Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $125.00 to $159.00 in a research report on Tuesday. Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Wednesday. UBS Group increased their price objective on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday. 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 report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $122.89.

Shake Shack Stock Performance

SHAK opened at $128.61 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. Shake Shack has a 1 year low of $64.16 and a 1 year high of $139.89. The business has a fifty day simple moving average of $130.04 and a 200 day simple moving average of $109.89. The company has a market capitalization of $5.46 billion, a PE ratio of 756.53, a price-to-earnings-growth ratio of 2.83 and a beta of 1.86.

Shake Shack (NYSE:SHAK) last issued its earnings results on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. The company had revenue of $316.92 million during the quarter, compared to analysts’ expectations of $316.03 million. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 EPS. Research analysts expect that Shake Shack will post 0.82 EPS for the current year.

Insider Transactions at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the transaction, the chief financial officer now owns 30,717 shares in the company, valued at approximately $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel Harris Meyer sold 30,000 shares of Shake Shack stock in a transaction on Friday, November 1st. The stock was sold at an average price of $121.79, for a total transaction of $3,653,700.00. Following the transaction, the director now directly owns 407,646 shares of the company’s stock, valued at $49,647,206.34. The trade was a 6.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,333 shares of company stock valued at $6,566,330 over the last quarter. 9.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC bought a new stake in shares of Shake Shack in the second quarter valued at about $38,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Shake Shack in the third quarter worth $41,000. Kimelman & Baird LLC purchased a new stake in Shake Shack in the second quarter valued at about $45,000. Covestor Ltd raised its position in shares of Shake Shack by 41.6% in the 3rd quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after purchasing an additional 205 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Shake Shack by 56.3% during the fourth quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $96,000 after buying an additional 265 shares during the period. Hedge funds and other institutional investors own 86.07% of the company’s stock.

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.