Fisher Asset Management LLC Has $58.38 Million Stock Position in Shake Shack Inc. (NYSE:SHAK)

Fisher Asset Management LLC raised its position in Shake Shack Inc. (NYSE:SHAK - Free Report) by 27.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 449,796 shares of the company's stock after buying an additional 95,682 shares during the period. Fisher Asset Management LLC owned approximately 1.06% of Shake Shack worth $58,384,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Point72 Asset Management L.P. boosted its stake in Shake Shack by 154.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company's stock valued at $67,157,000 after acquiring an additional 395,311 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Shake Shack in the 3rd quarter valued at about $39,677,000. Holocene Advisors LP lifted its position in shares of Shake Shack by 68.3% during the third quarter. Holocene Advisors LP now owns 946,350 shares of the company's stock worth $97,673,000 after purchasing an additional 384,131 shares during the last quarter. Paloma Partners Management Co acquired a new position in Shake Shack in the third quarter worth about $18,626,000. Finally, Jennison Associates LLC increased its holdings in Shake Shack by 27.7% in the fourth quarter. Jennison Associates LLC now owns 375,552 shares of the company's stock valued at $48,747,000 after buying an additional 81,441 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 642 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total transaction of $88,281.42. Following the completion of the transaction, the chief financial officer now owns 30,717 shares of the company's stock, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 9.73% of the company's stock.

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Shake Shack Stock Performance

SHAK stock traded down $1.29 during trading on Wednesday, reaching $99.02. 1,037,198 shares of the company's stock were exchanged, compared to its average volume of 960,015. Shake Shack Inc. has a 1-year low of $77.50 and a 1-year high of $139.89. The firm has a market cap of $4.21 billion, a PE ratio of 430.52 and a beta of 1.89. The company's fifty day moving average price is $118.75 and its 200-day moving average price is $116.69. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50.

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 for the quarter, topping the consensus estimate 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%. On average, research analysts expect that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SHAK has been the topic of a number of research analyst reports. Gordon Haskett raised Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 target price on the stock in a report on Wednesday, January 8th. UBS Group raised their price objective on Shake Shack from $130.00 to $140.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Truist Financial boosted their target price on shares of Shake Shack from $143.00 to $154.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Wedbush increased their target price on shares of Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Finally, TD Securities reaffirmed a "buy" rating and issued a $140.00 price target on shares of Shake Shack in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Shake Shack presently has a consensus rating of "Hold" and a consensus target price of $125.50.

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.