Robert W. Baird Cuts Shake Shack (NYSE:SHAK) Price Target to $85.00

Shake Shack (NYSE:SHAK) had its price target cut by Robert W. Baird from $98.00 to $85.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. Loop Capital upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research note on Tuesday, April 1st. Stifel Nicolaus cut 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. TD Securities restated a “buy” rating and issued a $140.00 price target on shares of Shake Shack in a report 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, Barclays raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $121.70.

Shake Shack Stock Performance

SHAK stock opened at $87.75 on Monday. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 381.52 and a beta of 1.80. Shake Shack has a twelve month low of $72.93 and a twelve month high of $139.89. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $98.29 and its two-hundred day simple moving average is $113.76.

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

Institutional Investors Weigh In On Shake Shack

Several institutional investors and hedge funds have recently made changes to their positions in SHAK. GDS Wealth Management raised its stake in Shake Shack by 253.6% in the 4th quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock worth $1,853,000 after acquiring an additional 10,239 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Shake Shack by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company’s stock valued at $46,979,000 after buying an additional 8,429 shares during the last quarter. FMR LLC raised its position in Shake Shack by 3.6% during the third quarter. FMR LLC now owns 243,549 shares of the company’s stock valued at $25,137,000 after acquiring an additional 8,512 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Shake Shack in the 4th quarter valued at $260,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Shake Shack by 45.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 152,264 shares of the company’s stock worth $19,764,000 after acquiring an additional 47,906 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

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.