Shake Shack Inc. (NYSE:SHAK) Holdings Boosted by Natixis Advisors LLC

Natixis Advisors LLC raised its stake in Shake Shack Inc. (NYSE:SHAK - Free Report) by 57.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,407 shares of the company's stock after purchasing an additional 7,072 shares during the quarter. Natixis Advisors LLC's holdings in Shake Shack were worth $2,519,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp raised its position in shares of Shake Shack by 3.5% in the 3rd quarter. State Street Corp now owns 1,452,736 shares of the company's stock worth $149,937,000 after buying an additional 49,324 shares during the period. Holocene Advisors LP raised its holdings in shares of Shake Shack by 68.3% in the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company's stock worth $97,673,000 after purchasing an additional 384,131 shares during the period. Geode Capital Management LLC lifted its stake in shares of Shake Shack by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 876,380 shares of the company's stock valued at $90,470,000 after purchasing an additional 26,620 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Shake Shack by 154.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company's stock worth $67,157,000 after purchasing an additional 395,311 shares during the period. Finally, Fisher Asset Management LLC increased its position in Shake Shack by 27.0% during the 4th quarter. Fisher Asset Management LLC now owns 449,796 shares of the company's stock worth $58,384,000 after purchasing an additional 95,682 shares in the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Shake Shack from $128.00 to $110.00 and set a "hold" rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company initiated coverage on shares of Shake Shack in a research note on Wednesday. They issued an "equal weight" rating and a $95.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Shake Shack from $107.00 to $105.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. Oppenheimer increased their price target on Shake Shack from $145.00 to $155.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Finally, Barclays upgraded Shake Shack from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $124.05.

Shake Shack Stock Up 0.6 %

Shares of SHAK traded up $0.60 during midday trading on Thursday, hitting $93.93. The company had a trading volume of 827,984 shares, compared to its average volume of 984,337. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. Shake Shack Inc. has a 52 week low of $77.50 and a 52 week high of $139.89. The company's 50 day moving average price is $106.33 and its 200 day moving average price is $115.26. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 408.41 and a beta of 1.89.

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 (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $329.02 million. On average, equities research analysts predict 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.