Shake Shack (NYSE:SHAK) Price Target Cut to $125.00 by Analysts at Oppenheimer

Shake Shack (NYSE:SHAK) had its target price decreased by research analysts at Oppenheimer from $155.00 to $125.00 in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price target would indicate a potential upside of 65.11% from the stock’s current price.

Several other research analysts have also issued reports on the stock. Loop Capital raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a research report on Tuesday, April 1st. Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $125.00 to $159.00 in a report on Tuesday, January 7th. Wedbush boosted their price target on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research note on Wednesday, January 8th. Finally, TD Securities restated a “buy” rating and issued a $140.00 target price on shares of Shake Shack in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $121.70.

Shake Shack Trading Down 3.7 %

Shares of SHAK stock opened at $75.71 on Wednesday. The business’s 50 day moving average is $99.59 and its two-hundred day moving average is $114.07. 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 12 month low of $72.93 and a 12 month high of $139.89. The company has a market cap of $3.22 billion, a PE ratio of 329.17 and a beta of 1.80.

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

Hedge Funds Weigh In On Shake Shack

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Shake Shack by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company’s stock valued at $574,497,000 after purchasing an additional 49,883 shares during the last quarter. State Street Corp grew its stake in shares of Shake Shack by 3.5% in the third quarter. State Street Corp now owns 1,452,736 shares of the company’s stock valued at $149,937,000 after buying an additional 49,324 shares in the last quarter. Invesco Ltd. raised its position in Shake Shack by 30.7% during the fourth quarter. Invesco Ltd. now owns 1,245,093 shares of the company’s stock worth $161,613,000 after acquiring an additional 292,348 shares in the last quarter. Balyasny Asset Management L.P. grew its position in shares of Shake Shack by 17.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company’s stock valued at $116,078,000 after acquiring an additional 134,475 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Shake Shack by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 876,380 shares of the company’s stock worth $90,470,000 after purchasing an additional 26,620 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

About Shake Shack

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.