39,329 Shares in Shake Shack Inc. (NYSE:SHAK) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Shake Shack Inc. (NYSE:SHAK - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 39,329 shares of the company's stock, valued at approximately $5,105,000. Proficio Capital Partners LLC owned 0.09% of Shake Shack at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SHAK. State Street Corp lifted its position in shares of Shake Shack by 3.5% during 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 lifted its position in shares of Shake Shack by 68.3% during the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company's stock worth $97,673,000 after buying an additional 384,131 shares during the period. Geode Capital Management LLC lifted its position in shares of Shake Shack by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 876,380 shares of the company's stock worth $90,470,000 after buying an additional 26,620 shares during the period. Point72 Asset Management L.P. lifted its position 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 buying an additional 395,311 shares during the period. Finally, Champlain Investment Partners LLC lifted its position in shares of Shake Shack by 4.7% during the 3rd quarter. Champlain Investment Partners LLC now owns 614,747 shares of the company's stock worth $63,448,000 after buying an additional 27,707 shares during the period. Institutional investors own 86.07% of the company's stock.

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Shake Shack Trading Up 1.0 %

Shares of NYSE SHAK traded up $0.93 during midday trading on Thursday, hitting $90.67. The stock had a trading volume of 994,521 shares, compared to its average volume of 988,459. The company's 50-day simple moving average is $109.38 and its 200 day simple moving average is $115.40. The firm has a market cap of $3.86 billion, a P/E ratio of 394.20 and a beta of 1.89. Shake Shack Inc. has a fifty-two week low of $77.50 and a fifty-two week high of $139.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.01. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The business had revenue of $328.68 million during the quarter, compared to analysts' expectations of $329.02 million. Research analysts anticipate that Shake Shack Inc. will post 1.26 EPS for the current year.

Analyst Ratings Changes

SHAK has been the subject of several analyst reports. Barclays upgraded Shake Shack from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $125.00 to $159.00 in a research report on Tuesday, January 7th. Gordon Haskett upgraded 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. UBS Group raised their price target on Shake Shack from $130.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. TD Securities reaffirmed a "buy" rating and set a $140.00 price target on shares of Shake Shack in a report on Friday, February 21st. Finally, Oppenheimer raised 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. One investment 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's stock. According to data from MarketBeat.com, Shake Shack has an average rating of "Hold" and an average price target of $125.67.

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.