Mitsubishi UFJ Trust & Banking Corp acquired a new position in Shake Shack Inc. (NYSE:SHAK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,608 shares of the company's stock, valued at approximately $468,000.
A number of other institutional investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new stake in Shake Shack in the 4th quarter worth about $32,000. Transcendent Capital Group LLC acquired a new position in shares of Shake Shack in the fourth quarter valued at about $52,000. R Squared Ltd acquired a new position in shares of Shake Shack in the fourth quarter worth about $56,000. Whittier Trust Co. of Nevada Inc. grew its stake in Shake Shack by 200.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 600 shares of the company's stock valued at $78,000 after acquiring an additional 400 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Shake Shack by 619.4% in the fourth quarter. Signaturefd LLC now owns 705 shares of the company's stock worth $92,000 after acquiring an additional 607 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company's stock.
Shake Shack Price Performance
Shares of Shake Shack stock traded down $11.68 during trading on Thursday, hitting $84.03. The stock had a trading volume of 2,576,490 shares, compared to its average volume of 1,023,371. The business has a fifty day moving average of $102.95 and a two-hundred day moving average of $114.77. The firm has a market cap of $3.57 billion, a P/E ratio of 365.36 and a beta of 1.80. Shake Shack Inc. has a fifty-two week low of $77.50 and a fifty-two week high of $139.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98.
Shake Shack (NYSE:SHAK - Get Free Report) last released its 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. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The business had revenue of $328.68 million for the quarter, compared to the consensus estimate of $329.02 million. On average, sell-side analysts expect that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Stifel Nicolaus reduced their target price on shares of Shake Shack from $128.00 to $110.00 and set a "hold" rating on the stock in a research note on Friday, January 17th. UBS Group lifted their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Wells Fargo & Company assumed coverage on Shake Shack in a research report on Wednesday, March 26th. They issued an "equal weight" rating and a $95.00 target price for the company. TD Securities restated a "buy" rating and issued a $140.00 price objective on shares of Shake Shack in a research report on Friday, February 21st. Finally, Loop Capital raised shares of Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price objective on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $124.20.
Read Our Latest Stock Report on SHAK
Shake Shack Profile
(
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.
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