Shake Shack (NYSE:SHAK) Earns Equal Weight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Shake Shack (NYSE:SHAK) in a research note published on Wednesday morning, Marketbeat.com reports. The brokerage issued an equal weight rating and a $95.00 price objective on the stock.

A number of other equities research analysts have also issued reports on the company. UBS Group increased their target price on Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Truist Financial increased their price target on shares of Shake Shack from $143.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. TD Securities reiterated a “buy” rating and set a $140.00 target price on shares of Shake Shack in a research note on Friday, February 21st. 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 research note on Wednesday, January 8th. Finally, Stifel Nicolaus decreased their target price on Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $124.05.

Shake Shack Trading Down 5.7 %

Shares of SHAK stock opened at $88.25 on Wednesday. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. Shake Shack has a fifty-two week low of $77.50 and a fifty-two week high of $139.89. The firm’s 50 day moving average price is $105.33 and its two-hundred day moving average price is $115.06. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 383.71 and a beta of 1.89.

Shake Shack (NYSE:SHAK) last posted its earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The business had revenue of $328.68 million for the quarter, compared to analyst estimates of $329.02 million. On average, analysts anticipate that Shake Shack will post 1.26 EPS for the current year.

Institutional Trading of Shake Shack

A number of large investors have recently added to or reduced their stakes in the business. Nemes Rush Group LLC bought a new position in shares of Shake Shack in the fourth quarter valued at $29,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Shake Shack during the fourth quarter worth $32,000. Transcendent Capital Group LLC purchased a new stake in shares of Shake Shack during the fourth quarter valued at $52,000. R Squared Ltd acquired a new position in shares of Shake Shack in the 4th quarter valued at $56,000. Finally, Montag & Caldwell LLC purchased a new position in Shake Shack in the 4th quarter worth about $68,000. 86.07% of the stock is currently owned by institutional investors.

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.