Shake Shack Inc. (NYSE:SHAK) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Shake Shack Inc. (NYSE:SHAK - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 760,595 shares of the company's stock after acquiring an additional 19,320 shares during the period. Dimensional Fund Advisors LP owned about 1.79% of Shake Shack worth $98,726,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Nemes Rush Group LLC acquired a new position in Shake Shack during the 4th quarter worth $29,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Shake Shack in the 4th quarter valued at about $32,000. Transcendent Capital Group LLC acquired a new position in shares of Shake Shack during the fourth quarter worth about $52,000. R Squared Ltd purchased a new stake in shares of Shake Shack during the fourth quarter worth approximately $56,000. Finally, Montag & Caldwell LLC purchased a new stake in shares of Shake Shack during the fourth quarter worth approximately $68,000. Hedge funds and other institutional investors own 86.07% of the company's stock.

Wall Street Analysts Forecast Growth

SHAK has been the subject of several analyst reports. Wells Fargo & Company began coverage on shares of Shake Shack in a report on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 price target for the company. Robert W. Baird lowered their target price on shares of Shake Shack from $98.00 to $85.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Gordon Haskett upgraded Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price target on the stock in a research note on Wednesday, January 8th. Barclays decreased their price target on Shake Shack from $155.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, TD Securities reiterated a "buy" rating and issued a $140.00 price objective on shares of Shake Shack in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $118.29.

Shake Shack Stock Performance

NYSE SHAK opened at $90.72 on Monday. The firm has a market cap of $3.86 billion, a P/E ratio of 394.43 and a beta of 1.80. Shake Shack Inc. has a 52-week low of $72.93 and a 52-week high of $139.89. The business's 50-day moving average price is $91.70 and its 200 day moving average price is $112.00. 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 (NYSE:SHAK - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.26 earnings per share 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 company had revenue of $328.68 million for the quarter, compared to the consensus estimate of $329.02 million. On average, equities research analysts expect 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.

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