Shake Shack Inc. (NYSE:SHAK) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Shake Shack Inc. (NYSE:SHAK - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 361,930 shares of the company's stock after acquiring an additional 8,429 shares during the period. Charles Schwab Investment Management Inc. owned 0.85% of Shake Shack worth $46,979,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in Shake Shack by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 189,229 shares of the company's stock valued at $19,530,000 after purchasing an additional 2,043 shares in the last quarter. Entropy Technologies LP purchased a new position in Shake Shack in the 3rd quarter valued at about $345,000. Victory Capital Management Inc. lifted its holdings in Shake Shack by 47.5% in the 3rd quarter. Victory Capital Management Inc. now owns 12,977 shares of the company's stock valued at $1,339,000 after purchasing an additional 4,181 shares in the last quarter. KBC Group NV lifted its holdings in Shake Shack by 24.1% in the 3rd quarter. KBC Group NV now owns 1,206 shares of the company's stock valued at $124,000 after purchasing an additional 234 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in Shake Shack by 2.5% in the 3rd quarter. Natixis Advisors LLC now owns 12,335 shares of the company's stock valued at $1,273,000 after purchasing an additional 296 shares in the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Shake Shack Stock Down 2.6 %

NYSE:SHAK traded down $2.31 during trading hours on Tuesday, hitting $85.77. The stock had a trading volume of 1,033,537 shares, compared to its average volume of 986,102. 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 Inc. has a 1-year low of $77.50 and a 1-year high of $139.89. The business has a 50 day simple moving average of $111.17 and a two-hundred day simple moving average of $115.67. The company has a market cap of $3.65 billion, a PE ratio of 372.93 and a beta of 1.89.

Shake Shack (NYSE:SHAK - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $329.02 million. Analysts predict that Shake Shack Inc. will post 1.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SHAK shares. Gordon Haskett upgraded shares of Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price objective on the stock in a report on Wednesday, January 8th. 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 report on Friday, February 21st. UBS Group increased their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. TD Securities reiterated a "buy" rating and set a $140.00 price objective on shares of Shake Shack in a report on Friday, February 21st. Finally, Stifel Nicolaus cut their price objective on shares of Shake Shack from $128.00 to $110.00 and set a "hold" rating on the stock in a report on Friday, January 17th. One investment 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $125.50.

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.