Marshall Wace LLP Decreases Stock Position in Shake Shack Inc. (NYSE:SHAK)

Marshall Wace LLP reduced its holdings in Shake Shack Inc. (NYSE:SHAK - Free Report) by 71.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 147,204 shares of the company's stock after selling 365,270 shares during the period. Marshall Wace LLP owned approximately 0.35% of Shake Shack worth $19,107,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Nemes Rush Group LLC bought a new stake in shares of Shake Shack during the fourth quarter worth $29,000. Harvest Fund Management Co. Ltd bought a new position in shares of Shake Shack in the 4th quarter valued at about $32,000. Transcendent Capital Group LLC acquired a new stake in shares of Shake Shack in the fourth quarter valued at about $52,000. R Squared Ltd bought a new stake in Shake Shack during the fourth quarter worth about $56,000. Finally, Montag & Caldwell LLC acquired a new position in Shake Shack during the fourth quarter valued at approximately $68,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHAK has been the topic of several analyst reports. TD Securities reiterated a "buy" rating and issued a $140.00 price target on shares of Shake Shack in a research note on Friday, February 21st. Robert W. Baird lowered their price objective on Shake Shack from $98.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Oppenheimer decreased their price target on shares of Shake Shack from $155.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Loop Capital upgraded shares of Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price objective for the company in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. dropped their price target on Shake Shack from $107.00 to $105.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $118.29.

Shake Shack Stock Performance

Shares of SHAK stock traded up $2.91 during trading on Wednesday, hitting $88.22. The company's stock had a trading volume of 1,359,516 shares, compared to its average volume of 1,069,225. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. The company has a market cap of $3.75 billion, a PE ratio of 383.57 and a beta of 1.80. The business has a fifty day moving average of $92.58 and a 200-day moving average of $112.21. Shake Shack Inc. has a 52 week low of $72.93 and a 52 week high of $139.89.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $328.68 million during 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%. As a group, research analysts anticipate that Shake Shack Inc. will post 1.26 earnings per share for the current year.

Shake Shack Company 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.