Shares of Shake Shack Inc. (NYSE:SHAK – Get Free Report) fell 4.1% on Monday after Wedbush lowered their price target on the stock from $110.00 to $90.00. Wedbush currently has a neutral rating on the stock. Shake Shack traded as low as $80.76 and last traded at $81.03. 251,724 shares changed hands during trading, a decline of 72% from the average session volume of 887,882 shares. The stock had previously closed at $84.46.
SHAK has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their target price on Shake Shack from $102.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, June 3rd. The Goldman Sachs Group assumed coverage on Shake Shack in a report on Thursday, June 13th. They issued a “buy” rating and a $110.00 price objective for the company. UBS Group upped their target price on Shake Shack from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Bank of America decreased their target price on shares of Shake Shack from $116.00 to $96.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 17th. Finally, Robert W. Baird lifted their price target on shares of Shake Shack from $102.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $99.50.
Read Our Latest Report on SHAK
Hedge Funds Weigh In On Shake Shack
Shake Shack Stock Up 2.7 %
The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.99 and a current ratio of 2.03. The firm has a market capitalization of $3.54 billion, a P/E ratio of 152.08, a PEG ratio of 2.34 and a beta of 1.76. The stock has a 50 day moving average of $90.83 and a 200-day moving average of $92.33.
Shake Shack (NYSE:SHAK – Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $290.50 million during the quarter, compared to analyst estimates of $291.00 million. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) EPS. Research analysts predict that Shake Shack Inc. will post 0.75 earnings per share for the current fiscal year.
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.
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