Vanguard Group Inc. Boosts Stake in Shake Shack Inc. (NYSE:SHAK)

Vanguard Group Inc. boosted its stake in Shake Shack Inc. (NYSE:SHAK - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,426,015 shares of the company's stock after purchasing an additional 49,883 shares during the period. Vanguard Group Inc. owned approximately 10.42% of Shake Shack worth $574,497,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SHAK. Point72 Asset Management L.P. boosted its position in Shake Shack by 154.8% in the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company's stock worth $67,157,000 after purchasing an additional 395,311 shares during the last quarter. Holocene Advisors LP raised its stake in Shake Shack by 68.3% during the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company's stock worth $97,673,000 after acquiring an additional 384,131 shares during the period. Cookson Peirce & Co. Inc. purchased a new position in Shake Shack during the fourth quarter valued at approximately $26,756,000. Paloma Partners Management Co purchased a new position in Shake Shack during the third quarter valued at approximately $18,626,000. Finally, Fisher Asset Management LLC increased its stake in shares of Shake Shack by 27.0% in the fourth quarter. Fisher Asset Management LLC now owns 449,796 shares of the company's stock worth $58,384,000 after purchasing an additional 95,682 shares in the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Shake Shack Stock Down 12.2 %

NYSE:SHAK traded down $11.68 during midday trading on Thursday, reaching $84.03. 2,576,318 shares of the stock traded hands, compared to its average volume of 1,021,468. The business has a 50-day moving average of $103.70 and a two-hundred day moving average of $114.99. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. Shake Shack Inc. has a 12-month low of $77.50 and a 12-month high of $139.89. The stock has a market capitalization of $3.57 billion, a PE ratio of 365.36 and a beta of 1.80.

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Shake Shack (NYSE:SHAK - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.01. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The firm had revenue of $328.68 million during the quarter, compared to analysts' expectations of $329.02 million. On average, equities analysts forecast that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SHAK has been the topic of a number of research analyst reports. Gordon Haskett raised Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price target on the stock in a report on Wednesday, January 8th. Loop Capital raised Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price objective on the stock in a report on Tuesday. Barclays raised shares of Shake Shack from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $125.00 to $159.00 in a report on Tuesday, January 7th. TD Securities restated a "buy" rating and issued a $140.00 target price on shares of Shake Shack in a report on Friday, February 21st. Finally, Oppenheimer increased 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Shake Shack has an average rating of "Hold" and a consensus target price of $124.20.

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.