7,900 Shares in Shake Shack Inc. (NYSE:SHAK) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,900 shares of the company's stock, valued at approximately $1,025,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Shake Shack by 7.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 353,501 shares of the company's stock valued at $36,485,000 after buying an additional 24,813 shares during the period. Algert Global LLC grew its holdings in Shake Shack by 49.3% in the third quarter. Algert Global LLC now owns 5,640 shares of the company's stock valued at $582,000 after purchasing an additional 1,862 shares during the period. FMR LLC increased its position in Shake Shack by 3.6% during the third 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. BNP Paribas Financial Markets raised its stake in Shake Shack by 30.8% during the third quarter. BNP Paribas Financial Markets now owns 36,588 shares of the company's stock worth $3,776,000 after purchasing an additional 8,606 shares during the period. Finally, Glenmede Trust Co. NA boosted its holdings in shares of Shake Shack by 1.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company's stock valued at $1,372,000 after purchasing an additional 199 shares during the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

SHAK has been the subject of a number of research analyst reports. Loop Capital upgraded Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price objective for the company in a report on Tuesday. Gordon Haskett upgraded Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price target for the company in a research note on Wednesday, January 8th. UBS Group lifted their price objective on Shake Shack from $130.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Wells Fargo & Company began coverage on shares of Shake Shack in a research report on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 target price for the company. Finally, Wedbush raised their price target on shares of Shake Shack from $115.00 to $125.00 and gave the company a "neutral" rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Shake Shack currently has an average rating of "Hold" and an average price target of $124.20.

Shake Shack Stock Up 3.2 %

Shares of NYSE SHAK traded up $2.78 during midday trading on Tuesday, reaching $90.95. 1,486,902 shares of the company's stock were exchanged, compared to its average volume of 1,013,650. 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 Inc. has a 52-week low of $77.50 and a 52-week high of $139.89. The business's fifty day moving average price is $104.79 and its two-hundred day moving average price is $115.20. The stock has a market capitalization of $3.87 billion, a PE ratio of 395.45 and a beta of 1.89.

Shake Shack (NYSE:SHAK - Get Free Report) last issued 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. 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 analyst estimates of $329.02 million. Analysts forecast that Shake Shack Inc. will post 1.26 EPS 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.