44,901 Shares in Shake Shack Inc. (NYSE:SHAK) Purchased by Madison Investment Advisors LLC

Madison Investment Advisors LLC acquired a new stake in Shake Shack Inc. (NYSE:SHAK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 44,901 shares of the company's stock, valued at approximately $5,828,000. Madison Investment Advisors LLC owned approximately 0.11% of Shake Shack as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SHAK. Amalgamated Bank lifted its stake in Shake Shack by 1.8% in the third quarter. Amalgamated Bank now owns 11,721 shares of the company's stock valued at $1,210,000 after buying an additional 211 shares in the last quarter. Principal Financial Group Inc. lifted its position in Shake Shack by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 189,229 shares of the company's stock valued at $19,530,000 after acquiring an additional 2,043 shares in the last quarter. Covestor Ltd boosted its stake in Shake Shack by 41.6% in the 3rd quarter. Covestor Ltd now owns 698 shares of the company's stock worth $72,000 after purchasing an additional 205 shares during the period. Entropy Technologies LP bought a new position in Shake Shack during the 3rd quarter worth about $345,000. Finally, Victory Capital Management Inc. raised its stake in shares of Shake Shack by 47.5% in the 3rd quarter. Victory Capital Management Inc. now owns 12,977 shares of the company's stock valued at $1,339,000 after purchasing an additional 4,181 shares during the period. Institutional investors and hedge funds own 86.07% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Oppenheimer increased their price objective on Shake Shack from $145.00 to $155.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Truist Financial boosted their price objective on shares of Shake Shack from $143.00 to $154.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Gordon Haskett raised shares of Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 target price for the company in a research report on Wednesday, January 8th. TD Securities reissued a "buy" rating and set a $140.00 price target on shares of Shake Shack in a research report on Friday, February 21st. Finally, Barclays upgraded shares of Shake Shack from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $125.50.

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Shake Shack Stock Performance

Shares of NYSE SHAK traded down $2.31 during mid-day trading on Tuesday, reaching $85.77. 1,033,674 shares of the company were exchanged, compared to its average volume of 986,103. The stock has a market capitalization of $3.65 billion, a P/E ratio of 372.93 and a beta of 1.89. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The company's 50-day simple moving average is $111.17 and its 200-day simple moving average is $115.67. Shake Shack Inc. has a twelve month low of $77.50 and a twelve month high of $139.89.

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 (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The firm had revenue of $328.68 million during the quarter, compared to the consensus estimate of $329.02 million. As a group, research analysts predict that Shake Shack Inc. will post 1.26 earnings per share 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.