Shake Shack (NYSE:SHAK) Price Target Lowered to $100.00 at Guggenheim

Shake Shack (NYSE:SHAK) had its price target reduced by Guggenheim from $120.00 to $100.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price target indicates a potential upside of 54.34% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Piper Sandler set a $79.00 target price on Shake Shack in a research note on Thursday. Oppenheimer set a $100.00 price target on shares of Shake Shack in a research note on Friday. Wolfe Research started coverage on shares of Shake Shack in a research report on Monday, March 9th. They set an “outperform” rating and a $118.00 price objective on the stock. Robert W. Baird set a $76.00 price objective on shares of Shake Shack in a research note on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Shake Shack from $100.00 to $85.00 and set a “neutral” rating on the stock in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.08.

Shake Shack Trading Down 7.6%

Shares of Shake Shack stock traded down $5.35 on Monday, hitting $64.79. The stock had a trading volume of 4,741,745 shares, compared to its average volume of 1,618,292. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.45. Shake Shack has a one year low of $63.51 and a one year high of $144.65. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 65.72, a PEG ratio of 2.93 and a beta of 1.78. The stock’s 50-day simple moving average is $94.14 and its two-hundred day simple moving average is $91.01.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.11). The company had revenue of $366.74 million during the quarter, compared to analysts’ expectations of $372.43 million. Shake Shack had a return on equity of 9.62% and a net margin of 2.76%.The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the business earned $0.14 earnings per share. As a group, sell-side analysts predict that Shake Shack will post 1.3 EPS for the current year.

Insider Buying and Selling at Shake Shack

In related news, insider Stephanie Ann Sentell sold 258 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $102.21, for a total value of $26,370.18. Following the transaction, the insider owned 15,084 shares of the company’s stock, valued at approximately $1,541,735.64. This trade represents a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC bought a new position in Shake Shack in the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. bought a new stake in shares of Shake Shack during the first quarter valued at approximately $26,000. Assetmark Inc. lifted its holdings in shares of Shake Shack by 457.6% in the fourth quarter. Assetmark Inc. now owns 368 shares of the company’s stock worth $30,000 after buying an additional 302 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Shake Shack by 83.7% in the third quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock worth $31,000 after buying an additional 149 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Shake Shack by 42.2% during the fourth quarter. UMB Bank n.a. now owns 391 shares of the company’s stock worth $32,000 after acquiring an additional 116 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors.

Shake Shack Company Profile

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.