Neuberger Berman Group LLC Grows Holdings in Shake Shack Inc. (NYSE:SHAK)

Neuberger Berman Group LLC increased its position in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,667 shares of the company's stock after purchasing an additional 13,575 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.37% of Shake Shack worth $20,465,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHAK. Nemes Rush Group LLC acquired a new stake in shares of Shake Shack during the fourth quarter worth $29,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Shake Shack in the fourth quarter valued at about $32,000. Transcendent Capital Group LLC bought a new position in shares of Shake Shack in the 4th quarter valued at about $52,000. R Squared Ltd acquired a new position in Shake Shack during the fourth quarter worth approximately $56,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of 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 purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SHAK. Oppenheimer lowered their target price on Shake Shack from $155.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Barclays raised Shake Shack from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $125.00 to $159.00 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 note on Friday, February 21st. Robert W. Baird decreased their price objective on Shake Shack from $98.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $121.05.

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Shake Shack Price Performance

SHAK traded down $0.90 during midday trading on Wednesday, hitting $81.66. The stock had a trading volume of 270,192 shares, compared to its average volume of 1,057,043. Shake Shack Inc. has a 1 year low of $72.93 and a 1 year high of $139.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The business has a fifty day moving average of $95.58 and a 200 day moving average of $113.13. The company has a market cap of $3.47 billion, a P/E ratio of 355.04 and a beta of 1.80.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its 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. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The company had revenue of $328.68 million for the quarter, compared to analysts' expectations of $329.02 million. As a group, equities analysts forecast that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal 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.