Wasatch Advisors LP Raises Holdings in Shake Shack Inc. (NYSE:SHAK)

Wasatch Advisors LP grew its stake in Shake Shack Inc. (NYSE:SHAK - Free Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 566,425 shares of the company's stock after acquiring an additional 10,147 shares during the period. Wasatch Advisors LP owned about 1.33% of Shake Shack worth $73,522,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in SHAK. GDS Wealth Management raised its position in Shake Shack by 253.6% in the fourth quarter. GDS Wealth Management now owns 14,277 shares of the company's stock valued at $1,853,000 after purchasing an additional 10,239 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Shake Shack by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company's stock valued at $46,979,000 after buying an additional 8,429 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Shake Shack in the 4th quarter valued at $260,000. Assenagon Asset Management S.A. lifted its stake in Shake Shack by 45.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 152,264 shares of the company's stock worth $19,764,000 after acquiring an additional 47,906 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Shake Shack by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 876,380 shares of the company's stock valued at $90,470,000 after acquiring an additional 26,620 shares during the period. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on SHAK shares. Barclays upgraded shares of Shake Shack from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. Stifel Nicolaus cut their target price on shares of Shake Shack from $120.00 to $97.00 and set a "hold" rating on the stock in a research note on Tuesday. Truist Financial raised their price target on shares of Shake Shack from $143.00 to $154.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Robert W. Baird cut their price objective on Shake Shack from $98.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Finally, 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 report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $122.19.

Shake Shack Stock Performance

Shares of NYSE SHAK traded up $3.12 during trading hours on Friday, reaching $83.57. The stock had a trading volume of 1,160,524 shares, compared to its average volume of 1,065,382. The firm has a 50-day moving average of $93.95 and a 200-day moving average of $112.65. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 363.35 and a beta of 1.80. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. Shake Shack Inc. has a fifty-two week low of $72.93 and a fifty-two week high of $139.89.

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, 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 business had revenue of $328.68 million during the quarter, compared to the consensus estimate of $329.02 million. Equities research analysts predict that Shake Shack Inc. will post 1.26 earnings per share for the current year.

About Shake Shack

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.