ExodusPoint Capital Management LP Invests $4.18 Million in Shake Shack Inc. (NYSE:SHAK)

ExodusPoint Capital Management LP acquired a new position in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,209 shares of the company's stock, valued at approximately $4,181,000. ExodusPoint Capital Management LP owned 0.08% of Shake Shack at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SHAK. FMR LLC increased its position in shares of Shake Shack by 3.6% during the 3rd quarter. FMR LLC now owns 243,549 shares of the company's stock worth $25,137,000 after purchasing an additional 8,512 shares during the last quarter. State Street Corp lifted its position in shares of Shake Shack by 3.5% in the third quarter. State Street Corp now owns 1,452,736 shares of the company's stock valued at $149,937,000 after buying an additional 49,324 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Shake Shack by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 876,380 shares of the company's stock worth $90,470,000 after acquiring an additional 26,620 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Shake Shack during the 3rd quarter worth approximately $142,000. Finally, World Investment Advisors LLC bought a new stake in Shake Shack in the 3rd quarter valued at $249,000. Institutional investors own 86.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on SHAK shares. UBS Group upped their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. TD Securities reiterated a "buy" rating and issued a $140.00 price target on shares of Shake Shack in a research note on Friday, February 21st. Wedbush raised their price objective on shares of Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. Barclays raised Shake Shack from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $125.00 to $159.00 in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company assumed coverage on Shake Shack in a report on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $121.70.

Remove Ads

Shake Shack Price Performance

NYSE SHAK traded up $0.38 on Friday, hitting $82.59. 1,017,511 shares of the company's stock were exchanged, compared to its average volume of 1,054,210. The stock has a 50-day moving average of $96.89 and a 200-day moving average of $113.45. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 359.07 and a beta of 1.80. Shake Shack Inc. has a 52 week low of $72.93 and a 52 week high of $139.89. 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 (NYSE:SHAK - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.01. The company had revenue of $328.68 million during 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%. Analysts expect that Shake Shack Inc. will post 1.26 earnings per share for the current year.

About Shake Shack

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.