JPMorgan Chase & Co. Lowers Shake Shack (NYSE:SHAK) Price Target to $105.00

Shake Shack (NYSE:SHAK) had its price objective lowered by JPMorgan Chase & Co. from $107.00 to $105.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 15.04% from the stock’s previous close.

Several other research firms also recently commented on SHAK. Gordon Haskett raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research report on Wednesday, January 8th. Truist Financial raised their price target on Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Oppenheimer raised their price target on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Wedbush raised their price target on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Finally, UBS Group raised their price target on Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $125.67.

Shake Shack Price Performance

NYSE SHAK traded up $1.53 on Thursday, reaching $91.27. 194,453 shares of the stock traded hands, compared to its average volume of 985,449. The firm’s fifty day simple moving average is $109.38 and its 200 day simple moving average is $115.40. 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 company has a market cap of $3.88 billion, a price-to-earnings ratio of 395.95 and a beta of 1.89. Shake Shack has a 12 month low of $77.50 and a 12 month high of $139.89.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SHAK. Nemes Rush Group LLC acquired a new position in Shake Shack in the 4th quarter valued at about $29,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Shake Shack during the 4th quarter worth approximately $32,000. Transcendent Capital Group LLC acquired a new position in shares of Shake Shack during the 4th quarter worth approximately $52,000. R Squared Ltd acquired a new position in shares of Shake Shack during the 4th quarter worth approximately $56,000. Finally, Montag & Caldwell LLC acquired a new position in shares of Shake Shack during the 4th quarter worth approximately $68,000. Institutional investors and hedge funds own 86.07% 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, 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.