MGO One Seven LLC Takes $862,000 Position in Shake Shack Inc. (NYSE:SHAK)

MGO One Seven LLC purchased a new position in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,642 shares of the company's stock, valued at approximately $862,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Shake Shack by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company's stock worth $574,497,000 after purchasing an additional 49,883 shares in the last quarter. Invesco Ltd. raised its stake in Shake Shack by 30.7% in the fourth quarter. Invesco Ltd. now owns 1,245,093 shares of the company's stock valued at $161,613,000 after buying an additional 292,348 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Shake Shack by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 760,595 shares of the company's stock valued at $98,726,000 after purchasing an additional 19,320 shares during the period. Wasatch Advisors LP lifted its position in Shake Shack by 1.8% during the fourth quarter. Wasatch Advisors LP now owns 566,425 shares of the company's stock worth $73,522,000 after acquiring an additional 10,147 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings 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 buying an additional 95,682 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company's stock.

Shake Shack Stock Performance

NYSE SHAK traded down $0.43 on Wednesday, hitting $87.83. 2,549,754 shares of the stock traded hands, compared to its average volume of 1,084,566. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The business's fifty day moving average is $90.56 and its two-hundred day moving average is $111.71. Shake Shack Inc. has a 12 month low of $72.93 and a 12 month high of $139.89. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 381.87 and a beta of 1.80.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $328.68 million during the quarter, compared to analyst estimates of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. As a group, equities analysts anticipate that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SHAK. 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 research report on Wednesday, January 8th. Wedbush upped their price target on shares of Shake Shack from $115.00 to $125.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. Loop Capital upgraded 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. UBS Group dropped 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. Finally, Oppenheimer reduced their price objective on shares of Shake Shack from $155.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $116.38.

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.