Shake Shack (NYSE:SHAK) had its price objective boosted by Stifel Nicolaus from $65.00 to $80.00 in a research note published on Tuesday, The Fly reports. They currently have a hold rating on the stock.

Other analysts have also recently issued reports about the company. Morgan Stanley upped their price target on Shake Shack from $61.00 to $65.00 and gave the company an equal weight rating in a research report on Tuesday, August 6th. Barclays upped their price target on Shake Shack from $58.00 to $70.00 and gave the company an equal weight rating in a research report on Tuesday, August 6th. Piper Jaffray Companies reiterated an overweight rating and issued a $109.00 price target (up from $105.00) on shares of Shake Shack in a research report on Thursday, September 5th. MKM Partners assumed coverage on Shake Shack in a research report on Tuesday, August 13th. They issued a neutral rating and a $75.00 price target on the stock. Finally, Goldman Sachs Group assumed coverage on Shake Shack in a research report on Monday, July 29th. They issued a buy rating and a $95.00 price target on the stock. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $79.41.

SHAK opened at $103.38 on Tuesday. The stock has a market cap of $3.79 billion, a PE ratio of 151.51, a P/E/G ratio of 6.97 and a beta of 1.28. The company has a current ratio of 1.10, a quick ratio of 1.08 and a debt-to-equity ratio of 0.97. Shake Shack has a 1 year low of $40.67 and a 1 year high of $105.84. The stock’s 50 day simple moving average is $94.58 and its 200-day simple moving average is $70.66.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Monday, August 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $152.71 million for the quarter, compared to analysts’ expectations of $149.77 million. Shake Shack had a return on equity of 9.01% and a net margin of 2.96%. Shake Shack’s quarterly revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 earnings per share. Equities analysts forecast that Shake Shack will post 0.65 earnings per share for the current fiscal year.

In other news, Director Daniel Harris Meyer sold 103,630 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $69.52, for a total transaction of $7,204,357.60. Following the sale, the director now owns 1,411 shares in the company, valued at $98,092.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tara Comonte sold 9,500 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $84.64, for a total value of $804,080.00. Following the sale, the insider now owns 59,340 shares in the company, valued at approximately $5,022,537.60. The disclosure for this sale can be found here. Insiders sold 758,742 shares of company stock worth $59,316,828 over the last quarter. Company insiders own 21.85% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Wasatch Advisors Inc. grew its holdings in shares of Shake Shack by 1.8% during the first quarter. Wasatch Advisors Inc. now owns 763,267 shares of the company’s stock worth $45,147,000 after purchasing an additional 13,797 shares during the last quarter. Apertura Capital LLC grew its holdings in shares of Shake Shack by 133.3% during the first quarter. Apertura Capital LLC now owns 175,000 shares of the company’s stock worth $10,351,000 after purchasing an additional 100,000 shares during the last quarter. Zweig DiMenna Associates LLC bought a new stake in shares of Shake Shack during the second quarter worth $7,169,000. Janney Montgomery Scott LLC grew its holdings in shares of Shake Shack by 30.6% during the second quarter. Janney Montgomery Scott LLC now owns 6,660 shares of the company’s stock worth $481,000 after purchasing an additional 1,560 shares during the last quarter. Finally, Atika Capital Management LLC bought a new stake in shares of Shake Shack during the second quarter worth $6,930,000. Institutional investors own 84.44% 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, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 26, 2018, it operated 208 Shacks, including 124 domestic company-operated Shacks, 12 domestic licensed Shacks, and 72 international licensed Shacks.

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Analyst Recommendations for Shake Shack (NYSE:SHAK)

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