Shake Shack Inc. (NYSE:SHAK) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC lifted its holdings in Shake Shack Inc. (NYSE:SHAK - Free Report) by 89.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 52,489 shares of the company's stock after purchasing an additional 24,818 shares during the period. AQR Capital Management LLC owned about 0.12% of Shake Shack worth $6,813,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Northern Trust Corp raised its holdings in Shake Shack by 11.6% in the fourth quarter. Northern Trust Corp now owns 424,066 shares of the company's stock worth $55,044,000 after purchasing an additional 43,997 shares in the last quarter. MGO One Seven LLC purchased a new stake in Shake Shack during the fourth quarter valued at approximately $862,000. Price T Rowe Associates Inc. MD boosted its stake in Shake Shack by 14.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,837 shares of the company's stock valued at $3,354,000 after acquiring an additional 3,306 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Shake Shack by 17.0% in the fourth quarter. Hsbc Holdings PLC now owns 8,332 shares of the company's stock worth $1,090,000 after purchasing an additional 1,212 shares during the last quarter. Finally, State of Tennessee Department of Treasury increased its position in shares of Shake Shack by 15.3% during the fourth quarter. State of Tennessee Department of Treasury now owns 16,999 shares of the company's stock worth $2,206,000 after purchasing an additional 2,250 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Oppenheimer lowered their price objective on Shake Shack from $155.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Raymond James reissued a "strong-buy" rating and issued a $140.00 price target (down previously from $145.00) on shares of Shake Shack in a report on Friday, May 2nd. Truist Financial cut their price objective on shares of Shake Shack from $154.00 to $131.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Robert W. Baird increased their price objective on shares of Shake Shack from $85.00 to $90.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Stifel Nicolaus dropped their target price on shares of Shake Shack from $120.00 to $97.00 and set a "hold" rating on the stock in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $113.95.

Shake Shack Trading Up 1.5 %

NYSE:SHAK traded up $1.60 on Friday, reaching $104.92. The company's stock had a trading volume of 1,218,403 shares, compared to its average volume of 1,119,703. Shake Shack Inc. has a 12-month low of $72.93 and a 12-month high of $139.89. The stock has a 50 day moving average price of $88.83 and a 200 day moving average price of $111.04. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 456.17 and a beta of 1.61. 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 posted 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). The company had revenue of $320.90 million during the quarter, compared to analyst estimates of $330.24 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. On average, equities analysts anticipate that Shake Shack Inc. will post 1.26 EPS for the current fiscal 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.