Canada Pension Plan Investment Board Has $12.20 Million Position in Shake Shack Inc. (NYSE:SHAK)

Canada Pension Plan Investment Board increased its stake in Shake Shack Inc. (NYSE:SHAK - Free Report) by 18.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,000 shares of the company's stock after purchasing an additional 14,900 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.22% of Shake Shack worth $12,201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Louisiana State Employees Retirement System increased its position in shares of Shake Shack by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company's stock worth $2,518,000 after acquiring an additional 100 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Shake Shack by 5.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company's stock valued at $243,000 after purchasing an additional 100 shares during the period. Summit Financial LLC raised its stake in Shake Shack by 1.1% during the 4th quarter. Summit Financial LLC now owns 13,083 shares of the company's stock valued at $1,698,000 after purchasing an additional 139 shares during the period. Arizona State Retirement System lifted its holdings in shares of Shake Shack by 1.7% in the fourth quarter. Arizona State Retirement System now owns 11,024 shares of the company's stock valued at $1,431,000 after purchasing an additional 182 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of Shake Shack by 0.5% in the fourth quarter. New York State Teachers Retirement System now owns 39,225 shares of the company's stock worth $5,091,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 86.07% of the company's stock.

Shake Shack Stock Performance

NYSE SHAK traded up $0.75 during trading on Friday, hitting $90.72. The company's stock had a trading volume of 817,513 shares, compared to its average volume of 1,071,700. Shake Shack Inc. has a 52 week low of $72.93 and a 52 week high of $139.89. The firm has a market cap of $3.86 billion, a P/E ratio of 394.43 and a beta of 1.80. The firm has a 50 day moving average price of $92.20 and a 200 day moving average price of $112.08. 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 released its earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $328.68 million during the quarter, compared to analysts' expectations of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. Equities research analysts forecast that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Robert W. Baird dropped their price target 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. Truist Financial reduced their price target on shares of Shake Shack from $154.00 to $131.00 and set a "buy" rating for the company in a research report on Tuesday. Wedbush raised their price target on shares of Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Gordon Haskett upgraded shares of 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. Finally, UBS Group boosted their price target on shares of Shake Shack from $130.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $118.29.

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.