Landscape Capital Management L.L.C. Acquires Shares of 11,550 Shake Shack Inc. (NYSE:SHAK)

Landscape Capital Management L.L.C. purchased a new stake in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 11,550 shares of the company's stock, valued at approximately $1,499,000.

Several other institutional investors also recently modified their holdings of the stock. FMR LLC increased its holdings in Shake Shack by 3.6% in the 3rd quarter. FMR LLC now owns 243,549 shares of the company's stock worth $25,137,000 after purchasing an additional 8,512 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Shake Shack by 4.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,673 shares of the company's stock valued at $895,000 after buying an additional 333 shares during the period. Point72 DIFC Ltd lifted its position in shares of Shake Shack by 20.0% in the 3rd quarter. Point72 DIFC Ltd now owns 6,906 shares of the company's stock worth $713,000 after purchasing an additional 1,153 shares during the period. State Street Corp grew its holdings in Shake Shack by 3.5% during the 3rd quarter. State Street Corp now owns 1,452,736 shares of the company's stock worth $149,937,000 after acquiring an additional 49,324 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Shake Shack by 3.1% in the third quarter. Geode Capital Management LLC now owns 876,380 shares of the company's stock worth $90,470,000 after purchasing an additional 26,620 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SHAK. Barclays raised Shake Shack from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $125.00 to $159.00 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. dropped their target price on shares of Shake Shack from $107.00 to $105.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. TD Securities reissued a "buy" rating and issued a $140.00 price target on shares of Shake Shack in a report on Friday, February 21st. Wedbush lifted their price target on shares of Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Finally, Gordon Haskett raised Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price target on the stock in a research report on Wednesday, January 8th. One 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $121.70.

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Shake Shack Stock Down 7.8 %

Shares of SHAK stock traded down $6.81 during midday trading on Thursday, reaching $80.81. 447,777 shares of the stock were exchanged, compared to its average volume of 1,047,710. Shake Shack Inc. has a 1 year low of $72.93 and a 1 year high of $139.89. The firm has a market cap of $3.44 billion, a PE ratio of 352.05 and a beta of 1.80. The company's 50 day moving average is $98.29 and its two-hundred day moving average is $113.76. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50.

Shake Shack (NYSE:SHAK - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, topping 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 business had revenue of $328.68 million during the quarter, compared to the consensus estimate of $329.02 million. On average, equities research analysts predict that Shake Shack Inc. will post 1.26 EPS for the current 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.