Shake Shack Inc. (NYSE:SHAK) Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its position in Shake Shack Inc. (NYSE:SHAK - Free Report) by 30.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,245,093 shares of the company's stock after purchasing an additional 292,348 shares during the quarter. Invesco Ltd. owned about 2.93% of Shake Shack worth $161,613,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new stake in shares of Shake Shack in the fourth quarter valued at approximately $29,000. Harvest Fund Management Co. Ltd purchased a new stake in Shake Shack in the 4th quarter valued at $32,000. Transcendent Capital Group LLC acquired a new stake in shares of Shake Shack in the 4th quarter worth $52,000. R Squared Ltd purchased a new position in shares of Shake Shack during the 4th quarter worth $56,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Shake Shack by 200.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 600 shares of the company's stock valued at $78,000 after acquiring an additional 400 shares during the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Robert W. Baird reduced their target price on shares of Shake Shack from $98.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company initiated coverage on Shake Shack in a report on Wednesday, March 26th. They issued an "equal weight" rating and a $95.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on Shake Shack from $107.00 to $105.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. UBS Group upped their price target on Shake Shack from $130.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Finally, Gordon Haskett upgraded shares of Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price objective on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $121.05.

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Shake Shack Stock Down 2.6 %

NYSE:SHAK traded down $2.15 during mid-day trading on Wednesday, hitting $80.41. The stock had a trading volume of 881,521 shares, compared to its average volume of 1,061,273. 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 Inc. has a twelve month low of $72.93 and a twelve month high of $139.89. The company has a market capitalization of $3.42 billion, a PE ratio of 349.61 and a beta of 1.80. The stock has a 50-day simple moving average of $94.93 and a two-hundred day simple moving average of $112.91.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. The business had revenue of $328.68 million for the quarter, compared to analyst estimates of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. On average, equities research analysts anticipate that Shake Shack Inc. will post 1.26 EPS for the current year.

Shake Shack 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.