2 days Ago By ABMN Staff
Shake Shack ( NYSE:SHAK – Get Free Report ) had its target price cut by analysts at Stifel Nicolaus from $120.00 to $97.00 in a research note issued to investors on Tuesday, MarketBeat Ratings reports.
The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 20.63% from the company’s previous close.
SHAK has been the topic of several other research reports. Oppenheimer dropped their price target on Shake Shack from $155.00 to $125.
00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. dropped their target price on Shake Shack from $107.
00 to $105.00 and set an “underweight” rating on the stock in a research report on Thursday, March 20th. Wells Fargo & Company began coverage on shares of Shake Shack in a research report on Wednesday, March 26th.
They set an “equal weight” rating and a $95.00 price target for the company. Barclays raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $125.
00 to $159.00 in a report on Tuesday, January 7th. Finally, UBS Group raised their target price on shares of Shake Shack from $130.
00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company.
Based on data from MarketBeat.com, Shake Shack has an average rating of “Moderate Buy” and a consensus target price of $122.19.
View Our Latest Report on Shake Shack Shake Shack Price Performance Shake Shack ( NYSE:SHAK – Get Free Report ) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. As a group, equities analysts forecast that Shake Shack will post 1.
26 earnings per share for the current fiscal year. Hedge Funds Weigh In On Shake Shack Several hedge funds and other institutional investors have recently added to or reduced their stakes in SHAK. Wealth Enhancement Advisory Services LLC raised its position in shares of Shake Shack by 53.
2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,421 shares of the company’s stock worth $566,000 after purchasing an additional 2,229 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Shake Shack during the 1st quarter worth approximately $1,167,000.
GAMMA Investing LLC lifted its position in shares of Shake Shack by 52.6% in the first quarter. GAMMA Investing LLC now owns 1,123 shares of the company’s stock valued at $99,000 after acquiring an additional 387 shares in the last quarter.
Harbor Capital Advisors Inc. purchased a new position in shares of Shake Shack in the first quarter valued at approximately $787,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Shake Shack by 939.
3% in the first quarter. Farther Finance Advisors LLC now owns 291 shares of the company’s stock worth $26,000 after acquiring an additional 263 shares during the last quarter. 86.
07% of the stock is owned by hedge funds and other institutional investors. Shake Shack Company Profile ( Get Free Report ) 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. See Also Receive News & Ratings for Shake Shack Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shake Shack and related companies with MarketBeat.com's FREE daily email newsletter .
.
_0.jpg?itok=yAIF6nFK)
