EFG Asset Management North America Corp. lifted its stake in Shake Shack Inc. (NYSE:SHAK - Free Report) by 83.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,852 shares of the company's stock after acquiring an additional 16,344 shares during the period. EFG Asset Management North America Corp. owned 0.08% of Shake Shack worth $4,656,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHAK. Vanguard Group Inc. lifted its holdings in shares of Shake Shack by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company's stock worth $574,497,000 after acquiring an additional 49,883 shares during the period. Bridge City Capital LLC boosted its stake in Shake Shack by 0.9% in the 4th quarter. Bridge City Capital LLC now owns 27,495 shares of the company's stock valued at $3,569,000 after buying an additional 243 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Shake Shack by 21.1% during the fourth quarter. LPL Financial LLC now owns 19,057 shares of the company's stock valued at $2,474,000 after acquiring an additional 3,315 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Shake Shack in the 4th quarter worth about $1,025,000. Finally, Knights of Columbus Asset Advisors LLC increased its position in shares of Shake Shack by 26.5% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 23,475 shares of the company's stock worth $3,047,000 after purchasing an additional 4,922 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.
Shake Shack Stock Performance
Shares of SHAK stock traded down $5.37 during trading on Friday, hitting $88.25. The company's stock had a trading volume of 1,120,055 shares, compared to its average volume of 1,011,451. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. The company has a market cap of $3.75 billion, a PE ratio of 383.71 and a beta of 1.89. The business has a fifty day moving average of $105.33 and a 200-day moving average of $115.18. Shake Shack Inc. has a 52 week low of $77.50 and a 52 week high of $139.89.
Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. The firm had revenue of $328.68 million for the quarter, compared to analysts' expectations of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. As a group, research analysts anticipate that Shake Shack Inc. will post 1.26 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the stock. Wedbush raised their price objective on shares of Shake Shack from $115.00 to $125.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. Oppenheimer boosted their price target on shares of Shake Shack from $145.00 to $155.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. UBS Group raised their price target on Shake Shack from $130.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Truist Financial raised 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. Finally, TD Securities reissued a "buy" rating and set a $140.00 price target on shares of Shake Shack in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Shake Shack has a consensus rating of "Hold" and a consensus target price of $124.05.
Check Out Our Latest Stock Report 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.
Recommended Stories
Before you consider Shake Shack, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shake Shack wasn't on the list.
While Shake Shack currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
