2 weeks Ago By ABMN Staff
Shake Shack ( NYSE:SHAK – Free Report ) had its price objective lowered by Truist Financial from $154.00 to $131.00 in a research report report published on Tuesday, Benzinga reports.
The firm currently has a buy rating on the stock. SHAK has been the subject of a number of other research reports. Wells Fargo & Company assumed coverage on shares of Shake Shack in a research report on Wednesday, March 26th.
They issued an “equal weight” rating and a $95.00 price objective for the company. Wedbush boosted their price target on Shake Shack from $115.
00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. JPMorgan Chase & Co.
cut their price objective on Shake Shack from $107.00 to $105.00 and set an “underweight” rating for the company in a research report on Thursday, March 20th.
Oppenheimer decreased their target price on Shake Shack from $155.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th.
Finally, Robert W. Baird cut their price target on Shake Shack from $98.00 to $85.
00 and set a “neutral” rating for the company in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Shake Shack has an average rating of “Moderate Buy” and a consensus target price of $118.
29. Check Out Our Latest Research Report on Shake Shack Shake Shack Trading Up 2.0 % Shake Shack ( NYSE:SHAK – Get Free Report ) last posted its quarterly earnings results on Thursday, February 20th.
The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.
01. The firm 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%. On average, equities analysts expect that Shake Shack will post 1.26 earnings per share for the current fiscal year.
Institutional Inflows and Outflows Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Shake Shack by 1.
1% during the fourth quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company’s stock worth $574,497,000 after buying an additional 49,883 shares in the last quarter.
Invesco Ltd. boosted its position in shares of Shake Shack by 30.7% during 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. Balyasny Asset Management L.
P. increased its stake in Shake Shack by 17.7% in the fourth quarter.
Balyasny Asset Management L.P. now owns 894,286 shares of the company’s stock valued at $116,078,000 after acquiring an additional 134,475 shares during the last quarter.
Dimensional Fund Advisors LP raised its position in Shake Shack by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 760,595 shares of the company’s stock valued at $98,726,000 after purchasing an additional 19,320 shares in the last quarter.
Finally, Wasatch Advisors LP boosted its holdings in shares of Shake Shack by 1.8% in the 4th quarter. Wasatch Advisors LP now owns 566,425 shares of the company’s stock valued at $73,522,000 after purchasing an additional 10,147 shares in the last quarter.
Institutional investors own 86.07% of the company’s stock. About Shake Shack ( Get Free Report ) 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. Further Reading Receive News & Ratings for Shake Shack Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shake Shack and related companies with MarketBeat.
com's FREE daily email newsletter ..
