WINTON GROUP Ltd acquired a new position in Shake Shack Inc. (NYSE:SHAK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,315 shares of the company's stock, valued at approximately $1,339,000.
Several other institutional investors have also recently added to or reduced their stakes in SHAK. Point72 Asset Management L.P. raised its position in shares of Shake Shack by 154.8% during the 3rd 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 period. Holocene Advisors LP increased its position in Shake Shack by 68.3% in the third quarter. Holocene Advisors LP now owns 946,350 shares of the company's stock worth $97,673,000 after buying an additional 384,131 shares during the period. Cookson Peirce & Co. Inc. bought a new stake in Shake Shack in the fourth quarter valued at $26,756,000. Paloma Partners Management Co acquired a new position in shares of Shake Shack during the third quarter valued at $18,626,000. Finally, Fisher Asset Management LLC grew its position in shares of Shake Shack by 27.0% during the fourth quarter. Fisher Asset Management LLC now owns 449,796 shares of the company's stock worth $58,384,000 after acquiring an additional 95,682 shares during the last quarter. Institutional investors own 86.07% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Wells Fargo & Company started coverage on shares of Shake Shack in a research note on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 target price for the company. Wedbush lifted their price target on Shake Shack from $115.00 to $125.00 and gave the company a "neutral" rating in a report on Friday, February 21st. TD Securities restated a "buy" rating and issued a $140.00 target price on shares of Shake Shack in a research report on Friday, February 21st. Truist Financial lifted their target price on Shake Shack from $143.00 to $154.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Gordon Haskett raised Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price target for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $124.20.
Check Out Our Latest Stock Analysis on SHAK
Shake Shack Price Performance
Shares of SHAK traded up $1.57 during mid-day trading on Tuesday, hitting $89.74. The company's stock had a trading volume of 484,763 shares, compared to its average volume of 1,009,808. Shake Shack Inc. has a fifty-two week low of $77.50 and a fifty-two week high of $139.89. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 392.10 and a beta of 1.89. The firm has a 50-day moving average price of $104.79 and a 200 day moving average price of $115.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98.
Shake Shack (NYSE:SHAK - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) 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 firm had revenue of $328.68 million for the quarter, compared to analyst estimates of $329.02 million. On average, research analysts predict that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.
Shake Shack Company Profile
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Free Report)
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.
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