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

Shake Shack (NYSE:SHAK) had its price target lowered by equities researchers at Robert W. Baird from $98.00 to $85.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 12.27% from the stock’s previous close.

SHAK has been the topic of several other research reports. Oppenheimer raised their price target on shares of Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their target price on shares of Shake Shack from $107.00 to $105.00 and set an “underweight” rating on the stock in a report on Thursday, March 20th. Stifel Nicolaus lowered their price target on Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a report on Friday, January 17th. Truist Financial boosted their price objective on Shake Shack from $143.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, UBS Group increased their target price on Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Shake Shack has an average rating of “Hold” and a consensus price target of $123.20.

Shake Shack Stock Down 3.7 %

Shares of NYSE SHAK opened at $75.71 on Monday. The stock has a market capitalization of $3.22 billion, a PE ratio of 329.17 and a beta of 1.80. 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 firm has a fifty day moving average of $99.59 and a 200-day moving average of $114.07. Shake Shack has a 52-week low of $72.93 and a 52-week high of $139.89.

Shake Shack (NYSE:SHAK) last posted 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. The firm had revenue of $328.68 million during the quarter, compared to the consensus estimate of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. On average, analysts anticipate that Shake Shack will post 1.26 EPS for the current year.

Institutional Investors Weigh In On Shake Shack

Institutional investors have recently modified their holdings of the stock. Driehaus Capital Management LLC bought a new stake in Shake Shack in the fourth quarter valued at about $66,349,000. Invesco Ltd. grew its position in shares of Shake Shack by 30.7% in the 4th quarter. Invesco Ltd. now owns 1,245,093 shares of the company’s stock worth $161,613,000 after acquiring an additional 292,348 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Shake Shack by 204.0% in the 4th quarter. Ameriprise Financial Inc. now owns 324,109 shares of the company’s stock valued at $42,064,000 after acquiring an additional 217,493 shares during the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in shares of Shake Shack during the 4th quarter valued at approximately $26,756,000. Finally, Balyasny Asset Management L.P. lifted its stake in Shake Shack by 17.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company’s stock worth $116,078,000 after purchasing an additional 134,475 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

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.