Cinctive Capital Management LP increased its stake in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 62.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,208 shares of the company's stock after purchasing an additional 22,775 shares during the quarter. Cinctive Capital Management LP owned 0.14% of Shake Shack worth $7,685,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Nemes Rush Group LLC acquired a new position in shares of Shake Shack during the fourth quarter worth about $29,000. Harvest Fund Management Co. Ltd purchased a new position in Shake Shack in the fourth quarter worth approximately $32,000. Transcendent Capital Group LLC acquired a new position in Shake Shack during the 4th quarter worth approximately $52,000. R Squared Ltd acquired a new position in Shake Shack during the 4th quarter worth approximately $56,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of 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 purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company's stock.
Shake Shack Stock Performance
Shake Shack stock traded down $5.75 during mid-day trading on Friday, reaching $78.46. 2,718,791 shares of the company were exchanged, compared to its average volume of 1,031,761. The firm's 50-day simple moving average is $102.14 and its two-hundred day simple moving average is $114.61. Shake Shack Inc. has a twelve month low of $74.06 and a twelve month high of $139.89. The firm has a market cap of $3.34 billion, a PE ratio of 341.15 and a beta of 1.80. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97.
Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly 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 return on equity of 8.40% and a net margin of 0.81%. The firm had revenue of $328.68 million during the quarter, compared to the consensus estimate of $329.02 million. Equities analysts predict that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on SHAK shares. Oppenheimer boosted their target price on shares of Shake Shack from $145.00 to $155.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Barclays raised Shake Shack from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $125.00 to $159.00 in a report on Tuesday, January 7th. Truist Financial increased their price objective on Shake Shack from $143.00 to $154.00 and gave the company a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. decreased their target price on Shake Shack from $107.00 to $105.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. Finally, Wells Fargo & Company assumed coverage on shares of Shake Shack in a research note on Wednesday, March 26th. They issued an "equal weight" rating and a $95.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $124.20.
Read Our Latest Stock Analysis on Shake Shack
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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