LPL Financial LLC lifted its holdings in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,057 shares of the company's stock after buying an additional 3,315 shares during the quarter. LPL Financial LLC's holdings in Shake Shack were worth $2,474,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in Shake Shack during the 4th quarter worth approximately $1,025,000. Knights of Columbus Asset Advisors LLC lifted its holdings in 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 buying an additional 4,922 shares during the period. American Century Companies Inc. increased its position in shares of Shake Shack by 11.5% during the fourth quarter. American Century Companies Inc. now owns 10,675 shares of the company's stock worth $1,386,000 after buying an additional 1,098 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in Shake Shack by 200.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 600 shares of the company's stock valued at $78,000 after buying an additional 400 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in Shake Shack in the 4th quarter valued at about $32,000. Institutional investors own 86.07% of the company's stock.
Analyst Ratings Changes
SHAK has been the subject of several recent analyst reports. Truist Financial upped their target price on Shake Shack from $143.00 to $154.00 and gave the company a "buy" rating in a report on Friday, February 21st. Robert W. Baird reduced their price target on Shake Shack from $98.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Barclays upgraded shares of Shake Shack from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. Stifel Nicolaus decreased their price objective on Shake Shack from $120.00 to $97.00 and set a "hold" rating on the stock in a report on Tuesday. Finally, Gordon Haskett upgraded Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price objective on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $121.05.
Read Our Latest Analysis on SHAK
Shake Shack Price Performance
Shares of SHAK stock traded down $0.51 during trading hours on Tuesday, hitting $82.49. 1,450,658 shares of the company's stock were exchanged, compared to its average volume of 1,060,058. Shake Shack Inc. has a 52 week low of $72.93 and a 52 week high of $139.89. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 358.67 and a beta of 1.80. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. The stock's 50-day moving average is $95.58 and its 200-day moving average is $113.13.
Shake Shack (NYSE:SHAK - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $328.68 million for the quarter, compared to analyst estimates 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 forecast that Shake Shack Inc. will post 1.26 EPS for the current year.
Shake Shack Profile
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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.
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