3,558 Shares in Shake Shack Inc. (NYSE:SHAK) Purchased by Cibc World Markets Corp

Cibc World Markets Corp purchased a new stake in Shake Shack Inc. (NYSE:SHAK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,558 shares of the company's stock, valued at approximately $462,000.

A number of other hedge funds also recently made changes to their positions in SHAK. Louisiana State Employees Retirement System grew its holdings in Shake Shack by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company's stock worth $2,518,000 after acquiring an additional 100 shares during the period. Thrivent Financial for Lutherans increased its holdings in Shake Shack by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company's stock worth $3,241,000 after purchasing an additional 139 shares in the last quarter. Arizona State Retirement System increased its holdings in Shake Shack by 1.7% in the fourth quarter. Arizona State Retirement System now owns 11,024 shares of the company's stock worth $1,431,000 after purchasing an additional 182 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in Shake Shack by 1.5% in the third quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company's stock valued at $1,372,000 after buying an additional 199 shares during the period. Finally, New York State Teachers Retirement System boosted its holdings in shares of Shake Shack by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 39,225 shares of the company's stock worth $5,091,000 after buying an additional 200 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors.

Remove Ads

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wells Fargo & Company began coverage on shares of Shake Shack in a research note on Wednesday. They issued an "equal weight" rating and a $95.00 price objective for the company. TD Securities reissued a "buy" rating and set a $140.00 price objective on shares of Shake Shack in a research report on Friday, February 21st. Stifel Nicolaus decreased their target price on Shake Shack from $128.00 to $110.00 and set a "hold" rating for the company in a research report on Friday, January 17th. 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 note on Wednesday, January 8th. Finally, Barclays raised Shake Shack from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $125.00 to $159.00 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Shake Shack has an average rating of "Hold" and a consensus price target of $124.05.

Shake Shack Stock Up 0.6 %

NYSE:SHAK traded up $0.60 on Thursday, hitting $93.93. The stock had a trading volume of 827,984 shares, compared to its average volume of 984,337. Shake Shack Inc. has a 1 year low of $77.50 and a 1 year high of $139.89. The firm's fifty day simple moving average is $106.33 and its two-hundred day simple moving average is $115.26. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The stock has a market cap of $4.00 billion, a P/E ratio of 408.41 and a beta of 1.89.

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. The business had revenue of $328.68 million during 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%. Analysts predict that Shake Shack Inc. will post 1.26 earnings per share 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.