Shake Shack (NYSE:SHAK – Get Free Report) had its price target raised by investment analysts at Truist Financial from $125.00 to $127.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 31.70% from the stock’s previous close.
A number of other equities research analysts have also issued reports on SHAK. JPMorgan Chase & Co. lifted their target price on Shake Shack from $102.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, June 3rd. Barclays increased their target price on shares of Shake Shack from $92.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Robert W. Baird increased their target price on shares of Shake Shack from $102.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. The Goldman Sachs Group began coverage on shares of Shake Shack in a research report on Thursday, June 13th. They set a “buy” rating and a $110.00 price target on the stock. Finally, TD Cowen reiterated a “buy” rating and set a $125.00 price target on shares of Shake Shack in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $103.05.
Check Out Our Latest Analysis on SHAK
Shake Shack Price Performance
Shares of SHAK opened at $96.43 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.99 and a debt-to-equity ratio of 0.51. Shake Shack has a 1 year low of $52.79 and a 1 year high of $111.29. The stock has a market cap of $4.08 billion, a P/E ratio of 175.33, a price-to-earnings-growth ratio of 2.73 and a beta of 1.75. The stock’s 50-day moving average price is $88.86 and its two-hundred day moving average price is $93.04.
Shake Shack (NYSE:SHAK – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $316.50 million for the quarter, compared to analyst estimates of $314.37 million. Shake Shack had a return on equity of 5.63% and a net margin of 2.23%. Shake Shack’s revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 earnings per share. On average, equities analysts predict that Shake Shack will post 0.75 earnings per share for the current year.
Hedge Funds Weigh In On Shake Shack
Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in shares of Shake Shack during the first quarter valued at $25,000. GAMMA Investing LLC bought a new position in Shake Shack during the fourth quarter worth $32,000. Covestor Ltd raised its stake in Shake Shack by 32,150.0% during the first quarter. Covestor Ltd now owns 645 shares of the company’s stock worth $67,000 after buying an additional 643 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Shake Shack in the first quarter worth $97,000. Finally, CWM LLC grew its holdings in Shake Shack by 24.7% in the second quarter. CWM LLC now owns 1,046 shares of the company’s stock worth $94,000 after purchasing an additional 207 shares during the period. 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.
Featured Articles
Receive News & Ratings for Shake Shack Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Shake Shack and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
