Balyasny Asset Management L.P. Boosts Stake in Shake Shack Inc. (NYSE:SHAK)

Balyasny Asset Management L.P. raised its position in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 17.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 894,286 shares of the company's stock after buying an additional 134,475 shares during the quarter. Balyasny Asset Management L.P. owned about 2.11% of Shake Shack worth $116,078,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Invesco Ltd. boosted its position in shares of Shake Shack by 30.7% during the 4th quarter. Invesco Ltd. now owns 1,245,093 shares of the company's stock valued at $161,613,000 after acquiring an additional 292,348 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Shake Shack by 204.0% during the fourth quarter. Ameriprise Financial Inc. now owns 324,109 shares of the company's stock valued at $42,064,000 after purchasing an additional 217,493 shares during the last quarter. Cookson Peirce & Co. Inc. purchased a new position in shares of Shake Shack in the 4th quarter worth $26,756,000. Norges Bank bought a new stake in shares of Shake Shack in the 4th quarter worth about $15,409,000. Finally, AXA S.A. raised its position in shares of Shake Shack by 596.2% during the 4th quarter. AXA S.A. now owns 118,223 shares of the company's stock valued at $15,345,000 after buying an additional 101,242 shares in the last quarter. Institutional investors own 86.07% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on SHAK. TD Securities reissued a "buy" rating and set a $105.00 price objective on shares of Shake Shack in a research note on Thursday. Robert W. Baird boosted their target price on Shake Shack from $85.00 to $90.00 and gave the company a "neutral" rating in a research report on Friday. Wedbush raised their price target on Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. Loop Capital upgraded shares of Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price objective on the stock in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company started coverage on shares of Shake Shack in a research note on Wednesday, March 26th. They issued an "equal weight" rating and a $95.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Shake Shack presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.71.

Shake Shack Stock Up 6.5 %

NYSE:SHAK opened at $94.51 on Friday. 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 firm has a market cap of $4.02 billion, a PE ratio of 410.91 and a beta of 1.61. The company has a 50-day moving average of $89.28 and a 200 day moving average of $111.32. Shake Shack Inc. has a 1-year low of $72.93 and a 1-year high of $139.89.

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 analysts' consensus estimates of $0.16 by ($0.02). Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The company had revenue of $320.90 million for the quarter, compared to analysts' expectations of $330.24 million. During the same quarter in the prior year, the company earned $0.13 EPS. The firm's quarterly revenue was up 10.5% on a year-over-year basis. As a group, research analysts anticipate that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

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.

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