Shake Shack, Inc. (NYSE:SHAK) Receives $89.71 Consensus Price Target from Analysts

Shake Shack, Inc. (NYSE:SHAK) has earned an average recommendation of “Moderate Buy” from the twenty-eight brokerages that are currently covering the stock, Marketbeat reports. Twelve analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $89.7083.

A number of analysts have issued reports on the company. BNP Paribas Exane boosted their target price on Shake Shack from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Oppenheimer set a $82.00 target price on Shake Shack and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised shares of Shake Shack from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. DA Davidson lifted their price objective on shares of Shake Shack from $70.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Wells Fargo & Company reduced their target price on shares of Shake Shack from $80.00 to $65.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd.

Shake Shack Price Performance

Shake Shack stock opened at $55.98 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.40 billion, a P/E ratio of 59.55, a PEG ratio of 6.26 and a beta of 1.66. The company has a 50-day moving average price of $65.97 and a 200 day moving average price of $72.99. Shake Shack has a 12-month low of $51.60 and a 12-month high of $107.46.

Shake Shack (NYSE:SHAK) last posted its earnings results on Wednesday, August 5th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.12. The company had revenue of $417.62 million during the quarter, compared to analysts’ expectations of $417.18 million. Shake Shack had a return on equity of 9.29% and a net margin of 2.56%.The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. Sell-side analysts anticipate that Shake Shack will post 1.12 earnings per share for the current year.

Hedge Funds Weigh In On Shake Shack

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Hilton Head Capital Partners LLC increased its position in shares of Shake Shack by 65.0% in the 1st quarter. Hilton Head Capital Partners LLC now owns 513 shares of the company’s stock valued at $45,000 after purchasing an additional 202 shares during the last quarter. IFP Advisors Inc raised its stake in Shake Shack by 6,140.0% in the fourth quarter. IFP Advisors Inc now owns 624 shares of the company’s stock valued at $51,000 after buying an additional 614 shares in the last quarter. Murphy & Mullick Capital Management Corp lifted its holdings in Shake Shack by 42.5% during the 1st quarter. Murphy & Mullick Capital Management Corp now owns 738 shares of the company’s stock worth $65,000 after buying an additional 220 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Shake Shack by 280.9% during the 4th quarter. Hantz Financial Services Inc. now owns 838 shares of the company’s stock worth $68,000 after acquiring an additional 618 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Shake Shack in the 2nd quarter valued at about $47,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

About Shake Shack

Shake Shack Inc (NYSE: SHAK) operates a global chain of fast-casual restaurants known for made-to-order burgers, chicken sandwiches, hot dogs, crinkle-cut fries, frozen custard, shakes, and other beverages. Its menu also includes beer and wine at select locations, with an emphasis on premium ingredients and hospitality-focused service.

The company traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 as part of a park revitalization project. The first permanent Shake Shack restaurant opened in the park in 2004.