Amundi raised its position in Shake Shack Inc. (NYSE:SHAK - Free Report) by 141.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,896 shares of the company's stock after acquiring an additional 13,982 shares during the quarter. Amundi owned approximately 0.06% of Shake Shack worth $3,174,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new position in Shake Shack during the fourth quarter worth about $52,000. R Squared Ltd acquired a new stake in shares of Shake Shack in the fourth quarter valued at approximately $56,000. SBI Securities Co. Ltd. bought a new position in shares of Shake Shack during the 4th quarter worth approximately $93,000. GAMMA Investing LLC increased its holdings in shares of Shake Shack by 56.3% during the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company's stock worth $96,000 after acquiring an additional 265 shares during the last quarter. Finally, Quest Partners LLC raised its stake in Shake Shack by 76.1% in the 3rd quarter. Quest Partners LLC now owns 752 shares of the company's stock valued at $78,000 after acquiring an additional 325 shares during the period. Institutional investors and hedge funds own 86.07% of the company's stock.
Shake Shack Trading Up 1.0 %
Shares of SHAK traded up $0.93 during trading hours on Thursday, hitting $90.67. The company had a trading volume of 994,521 shares, compared to its average volume of 988,459. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. Shake Shack Inc. has a 52-week low of $77.50 and a 52-week high of $139.89. The stock's 50 day moving average price is $109.38 and its 200 day moving average price is $115.40. The firm has a market cap of $3.86 billion, a P/E ratio of 394.20 and a beta of 1.89.
Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. The business had revenue of $328.68 million for the quarter, compared to the consensus estimate of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. On average, research analysts predict that Shake Shack Inc. will post 1.26 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms have recently commented on SHAK. Wedbush upped their target price on Shake Shack from $115.00 to $125.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. Gordon Haskett raised Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price objective for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their target price on Shake Shack from $107.00 to $105.00 and set an "underweight" rating on the stock in a report on Thursday. Stifel Nicolaus dropped their price target on Shake Shack from $128.00 to $110.00 and set a "hold" rating for the company in a research note on Friday, January 17th. Finally, Truist Financial increased their price objective on shares of Shake Shack from $143.00 to $154.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $125.67.
Get Our Latest Analysis on SHAK
About Shake Shack
(
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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