Analysts Set Shake Shack Inc. (NYSE:SHAK) PT at $123.78

Shares of Shake Shack Inc. (NYSE:SHAK) have been given an average rating of “Hold” by the seventeen brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $124.29.

Several equities analysts have weighed in on the company. Truist Financial dropped their price objective on Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Wedbush reissued a “neutral” rating and set a $130.00 price target on shares of Shake Shack in a research report on Wednesday, January 15th. Gordon Haskett raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research report on Wednesday, January 8th. Stifel Nicolaus dropped their target price on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Finally, Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $125.00 to $159.00 in a report on Tuesday, January 7th.

Shake Shack Stock Down 4.1 %

SHAK stock opened at $111.09 on Thursday. The firm has a market capitalization of $4.72 billion, a PE ratio of 653.49 and a beta of 1.86. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51. Shake Shack has a twelve month low of $77.50 and a twelve month high of $139.89. The stock’s 50 day moving average is $122.46 and its 200-day moving average is $116.11.

Insider Activity at Shake Shack

In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the sale, the chief financial officer now owns 30,717 shares of the company’s stock, valued at $4,223,894.67. The trade was a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 9.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Shake Shack

Several hedge funds have recently made changes to their positions in the stock. Nemes Rush Group LLC purchased a new stake in Shake Shack during the 4th quarter worth about $29,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Shake Shack in the fourth quarter worth about $32,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Shake Shack in the third quarter worth about $41,000. Transcendent Capital Group LLC bought a new position in shares of Shake Shack in the fourth quarter valued at approximately $52,000. Finally, R Squared Ltd purchased a new position in Shake Shack during the fourth quarter valued at approximately $56,000. 86.07% of the stock is currently owned by hedge funds and other 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.