Shake Shack (NYSE:SHAK) Coverage Initiated at Wells Fargo & Company

Investment analysts at Wells Fargo & Company initiated coverage on shares of Shake Shack (NYSE:SHAK) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm set an “equal weight” rating and a $95.00 price target on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 1.13% from the company’s previous close.

Several other research analysts also recently weighed in on SHAK. UBS Group upped their price target on shares of Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. TD Securities restated a “buy” rating and issued a $140.00 target price on shares of Shake Shack in a research report on Friday, February 21st. Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research report on Wednesday, January 8th. Oppenheimer raised their price objective on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus dropped their target price on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Shake Shack currently has a consensus rating of “Hold” and an average price target of $124.05.

Shake Shack Trading Up 0.6 %

Shares of Shake Shack stock opened at $93.93 on Wednesday. Shake Shack has a fifty-two week low of $77.50 and a fifty-two week high of $139.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The company has a market cap of $4.00 billion, a P/E ratio of 408.41 and a beta of 1.89. The firm has a 50-day simple moving average of $105.87 and a two-hundred day simple moving average of $115.11.

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

Institutional Investors Weigh In On Shake Shack

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Shake Shack by 13.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,192 shares of the company’s stock worth $544,000 after purchasing an additional 489 shares during the period. Jefferies Financial Group Inc. grew its stake in shares of Shake Shack by 98.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 21,819 shares of the company’s stock valued at $2,832,000 after buying an additional 10,819 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Shake Shack by 9.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 31,370 shares of the company’s stock valued at $4,072,000 after buying an additional 2,690 shares during the period. RB Capital Management LLC acquired a new position in Shake Shack during the 4th quarter worth about $286,000. Finally, Woodline Partners LP boosted its holdings in Shake Shack by 6.7% during the 4th quarter. Woodline Partners LP now owns 60,378 shares of the company’s stock valued at $7,837,000 after acquiring an additional 3,809 shares during the period. 86.07% of the stock is owned by hedge funds and other institutional investors.

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.