Gilder Gagnon Howe & Co. LLC Has $190.19 Million Stock Holdings in Shake Shack Inc. (NYSE:SHAK)

Gilder Gagnon Howe & Co. LLC reduced its stake in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,465,272 shares of the company's stock after selling 31,644 shares during the quarter. Shake Shack comprises about 2.1% of Gilder Gagnon Howe & Co. LLC's portfolio, making the stock its 11th biggest position. Gilder Gagnon Howe & Co. LLC owned 3.45% of Shake Shack worth $190,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Nemes Rush Group LLC bought a new stake in shares of Shake Shack during the fourth quarter valued at approximately $29,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Shake Shack during the fourth quarter valued at approximately $32,000. Transcendent Capital Group LLC bought a new stake in shares of Shake Shack during the fourth quarter valued at approximately $52,000. R Squared Ltd bought a new position in Shake Shack in the fourth quarter valued at approximately $56,000. Finally, Montag & Caldwell LLC bought a new position in Shake Shack in the fourth quarter valued at approximately $68,000. 86.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SHAK has been the topic of several analyst reports. UBS Group cut their target price on shares of Shake Shack from $140.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday. Wedbush upped their price objective on Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. Wells Fargo & Company assumed coverage on Shake Shack in a research report on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 price objective for the company. Loop Capital raised Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price objective for the company in a research report on Tuesday, April 1st. Finally, Stifel Nicolaus reduced their price objective on Shake Shack from $120.00 to $97.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $116.38.

Shake Shack Price Performance

NYSE:SHAK traded down $1.13 during trading hours on Monday, reaching $89.70. 1,167,089 shares of the company were exchanged, compared to its average volume of 1,073,030. The company has a market capitalization of $3.82 billion, a P/E ratio of 390.00 and a beta of 1.80. 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 current ratio of 1.97 and a quick ratio of 1.98. The business has a 50 day moving average of $91.27 and a 200 day moving average of $111.87.

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