Shake Shack (NYSE:SHAK) Stock Price Target Lowered at Mizuho

Shake Shack (NYSE:SHAK) had its price objective cut by Mizuho from $90.00 to $80.00 in a report released on Friday,Benzinga reports. They currently have an outperform rating on the stock.

SHAK has been the subject of several other research reports. Seaport Research Partners began coverage on Shake Shack in a research report on Wednesday, September 16th. They set a “neutral” rating for the company. Zacks Research raised Shake Shack from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 5th. TD Cowen reaffirmed a “hold” rating on shares of Shake Shack in a research report on Wednesday, August 5th. Piper Sandler dropped their price target on Shake Shack from $79.00 to $66.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Finally, Robert W. Baird upgraded Shake Shack to a “hold” rating in a report on Monday, August 24th. Sixteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Shake Shack Stock Performance

NYSE:SHAK opened at $70.38 on Friday. Shake Shack has a 1 year low of $51.60 and a 1 year high of $107.46. The firm’s fifty day simple moving average is $65.28 and its 200 day simple moving average is $75.07. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $3.01 billion, a PE ratio of 74.87, a PEG ratio of 7.55 and a beta of 1.68.

Shake Shack (NYSE:SHAK) last announced its earnings results on Wednesday, August 5th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.31 by $0.12. Shake Shack had a net margin of 2.56% and a return on equity of 9.29%. The firm had revenue of $417.62 million for the quarter, compared to the consensus estimate of $417.18 million. During the same quarter last year, the firm posted $0.44 EPS. The business’s quarterly revenue was up 17.2% on a year-over-year basis. On average, sell-side analysts anticipate that Shake Shack will post 1.13 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new position in Shake Shack in the 3rd quarter valued at approximately $31,000. Integrated Wealth Concepts LLC bought a new stake in shares of Shake Shack in the 2nd quarter worth approximately $47,000. IFP Advisors Inc grew its holdings in shares of Shake Shack by 43.0% during the 2nd quarter. IFP Advisors Inc now owns 924 shares of the company’s stock worth $52,000 after purchasing an additional 278 shares in the last quarter. Strs Ohio grew its holdings in shares of Shake Shack by 150.0% during the 1st quarter. Strs Ohio now owns 1,000 shares of the company’s stock worth $88,000 after purchasing an additional 600 shares in the last quarter. Finally, CoreCap Advisors LLC grew its holdings in shares of Shake Shack by 181.1% during the 2nd quarter. CoreCap Advisors LLC now owns 1,088 shares of the company’s stock worth $61,000 after purchasing an additional 701 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack News Roundup

Here are the key news stories impacting Shake Shack this week:

• Positive Sentiment: Shake Shack continues expanding its footprint with new locations in Norman, Oklahoma, and East Meadow, New York. New restaurants can support long-term revenue growth and increase brand visibility. Shake Shack opens in Norman as city sees continued growth
• Neutral Sentiment: Mizuho lowered its Shake Shack price target from $90 to $80 but maintained an “outperform” rating. The reduced target signals more cautious expectations, while the rating indicates the analyst still sees potential upside from current levels. Mizuho stock recommendations
• Neutral Sentiment: Shake Shack’s Norman opening is also receiving local attention as the city continues to grow, potentially supporting demand at the new location. However, the article provides no companywide financial update. Shake Shack opens in Norman on Wednesday
• Negative Sentiment: Zacks reported that analysts expect Shake Shack to post a year-over-year earnings decline in its upcoming report. With the stock trading at a relatively high valuation, any earnings miss or cautious outlook could create additional pressure. Analysts Estimate Shake Shack to Report a Decline in Earnings
• Neutral Sentiment: Shake Shack is projected to release quarterly earnings on Thursday, making the report and management’s guidance the next major catalysts for SHAK. Shake Shack projected to release earnings

About Shake Shack

Shake Shack Inc operates a fast-casual restaurant chain known for made-to-order burgers, chicken sandwiches, hot dogs, crinkle-cut fries, frozen custard, milkshakes and beverages. Its menu also includes vegetarian and other specialty items, with offerings varying by location. The company emphasizes hospitality, quality ingredients and restaurant designs intended to support both dine-in and takeout service.

The business began as a temporary hot dog cart in Madison Square Park in New York City in 2001 and opened its first permanent restaurant there in 2004.