Algert Global LLC Boosts Stock Holdings in Shake Shack Inc. (NYSE:SHAK)

Algert Global LLC lifted its stake in Shake Shack Inc. (NYSE:SHAK - Free Report) by 579.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,346 shares of the company's stock after purchasing an additional 32,706 shares during the period. Algert Global LLC owned about 0.09% of Shake Shack worth $4,977,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHAK. Invesco Ltd. boosted its stake in shares of Shake Shack by 30.7% in the 4th 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. Cookson Peirce & Co. Inc. purchased a new position in Shake Shack in the fourth quarter worth approximately $26,756,000. Norges Bank acquired a new position in Shake Shack during the 4th quarter worth approximately $15,409,000. AXA S.A. increased its position in shares of Shake Shack by 596.2% in the 4th quarter. AXA S.A. now owns 118,223 shares of the company's stock valued at $15,345,000 after purchasing an additional 101,242 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Shake Shack by 27.0% in the 4th quarter. Fisher Asset Management LLC now owns 449,796 shares of the company's stock valued at $58,384,000 after purchasing an additional 95,682 shares during the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SHAK has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Shake Shack from $105.00 to $100.00 and set an "underweight" rating for the company in a research note on Monday. Wells Fargo & Company started coverage on Shake Shack in a research report on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 price objective for the company. Robert W. Baird raised their target price on Shake Shack from $85.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday. Truist Financial lowered their price target on Shake Shack from $154.00 to $131.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Wedbush raised their price objective 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. One equities 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $114.48.

Shake Shack Price Performance

Shares of NYSE SHAK opened at $96.45 on Tuesday. The stock has a fifty day moving average price of $89.01 and a 200 day moving average price of $111.25. Shake Shack Inc. has a 1-year low of $72.93 and a 1-year high of $139.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. The company has a market cap of $4.10 billion, a PE ratio of 419.35 and a beta of 1.61.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The firm had revenue of $320.90 million during the quarter, compared to analysts' expectations of $330.24 million. During the same period in the previous year, the firm earned $0.13 EPS. The firm's revenue was up 10.5% on a year-over-year basis. Sell-side analysts forecast that Shake Shack Inc. will post 1.26 EPS for the current year.

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.

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