Shake Shack Inc. (NYSE:SHAK) Shares Bought by GDS Wealth Management

GDS Wealth Management increased its position in Shake Shack Inc. (NYSE:SHAK - Free Report) by 253.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,277 shares of the company's stock after purchasing an additional 10,239 shares during the period. GDS Wealth Management's holdings in Shake Shack were worth $1,853,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC increased its holdings in Shake Shack by 27.7% in the 4th quarter. Jennison Associates LLC now owns 375,552 shares of the company's stock worth $48,747,000 after buying an additional 81,441 shares in the last quarter. DAVENPORT & Co LLC grew its stake in shares of Shake Shack by 2.0% in the fourth quarter. DAVENPORT & Co LLC now owns 12,186 shares of the company's stock worth $1,582,000 after acquiring an additional 240 shares during the period. R Squared Ltd purchased a new position in shares of Shake Shack during the fourth quarter valued at approximately $56,000. KBC Group NV lifted its position in Shake Shack by 50.0% during the fourth quarter. KBC Group NV now owns 1,809 shares of the company's stock valued at $235,000 after purchasing an additional 603 shares during the period. Finally, Harbor Investment Advisory LLC purchased a new stake in Shake Shack in the fourth quarter worth approximately $149,000. 86.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Katherine Irene Fogertey sold 642 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the completion of the sale, the chief financial officer now directly owns 30,717 shares in the company, valued at approximately $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.73% of the company's stock.

Shake Shack Price Performance

NYSE SHAK traded down $3.17 during trading hours on Wednesday, reaching $116.08. The company's stock had a trading volume of 904,185 shares, compared to its average volume of 1,254,116. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. Shake Shack Inc. has a 1-year low of $74.25 and a 1-year high of $139.89. The company's 50-day moving average is $127.30 and its two-hundred day moving average is $114.41. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 682.81 and a beta of 1.86.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SHAK shares. Oppenheimer boosted their target price on shares of Shake Shack from $145.00 to $155.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Barclays raised 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. Wedbush reaffirmed a "neutral" rating and set a $130.00 price target on shares of Shake Shack in a research report on Wednesday, January 15th. UBS Group raised their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus reduced their target price on shares of Shake Shack from $128.00 to $110.00 and set a "hold" rating for the company in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $123.78.

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.