Shake Shack (NYSE:SHAK) had its target price increased by investment analysts at Credit Suisse Group from $48.00 to $52.00 in a research report issued on Friday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the stock. Credit Suisse Group’s price target points to a potential upside of 7.11% from the company’s current price.

Several other analysts also recently issued reports on SHAK. Zacks Investment Research raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Wednesday, June 24th. Jefferies Financial Group lifted their price objective on shares of Shake Shack from $45.00 to $50.00 and gave the stock a “hold” rating in a report on Friday. Barclays cut their price objective on shares of Shake Shack from $60.00 to $49.00 in a report on Tuesday, May 5th. Wedbush lifted their price objective on shares of Shake Shack from $50.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday. Finally, SunTrust Banks lifted their price objective on shares of Shake Shack from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $57.18.

Shares of SHAK traded down $6.67 during mid-day trading on Friday, reaching $48.55. The company had a trading volume of 5,904,516 shares, compared to its average volume of 1,208,739. The company’s 50 day simple moving average is $51.98 and its 200 day simple moving average is $54.22. Shake Shack has a 1-year low of $30.01 and a 1-year high of $105.84. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.08). Shake Shack had a negative return on equity of 1.55% and a negative net margin of 1.64%. The company had revenue of $91.79 million for the quarter, compared to analyst estimates of $93.29 million. Equities research analysts predict that Shake Shack will post -0.61 earnings per share for the current fiscal year.

In other Shake Shack news, Director Robert T. Vivian sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $52.25, for a total value of $1,306,250.00. Following the completion of the sale, the director now owns 10,312 shares in the company, valued at $538,802. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 100,000 shares of company stock valued at $5,441,250 in the last quarter. Corporate insiders own 14.98% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc raised its holdings in Shake Shack by 1.2% in the first quarter. Legal & General Group Plc now owns 88,938 shares of the company’s stock worth $3,356,000 after purchasing an additional 1,074 shares in the last quarter. Caxton Associates LP bought a new position in Shake Shack in the first quarter worth $203,000. Geode Capital Management LLC raised its holdings in Shake Shack by 7.4% in the first quarter. Geode Capital Management LLC now owns 415,690 shares of the company’s stock worth $15,688,000 after purchasing an additional 28,730 shares in the last quarter. Paloma Partners Management Co raised its holdings in Shake Shack by 34.3% in the first quarter. Paloma Partners Management Co now owns 13,030 shares of the company’s stock worth $492,000 after purchasing an additional 3,329 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Shake Shack by 48.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,623 shares of the company’s stock worth $590,000 after acquiring an additional 5,096 shares during the last quarter. Institutional investors and hedge funds own 80.91% of the company’s stock.

About Shake Shack

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 26, 2018, it operated 208 Shacks, including 124 domestic company-operated Shacks, 12 domestic licensed Shacks, and 72 international licensed Shacks.

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Analyst Recommendations for Shake Shack (NYSE:SHAK)

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