4,037 Shares in Shake Shack Inc. (NYSE:SHAK) Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP acquired a new stake in 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. The institutional investor acquired 4,037 shares of the company's stock, valued at approximately $524,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Shake Shack by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company's stock worth $574,497,000 after buying an additional 49,883 shares during the period. Invesco Ltd. boosted its stake 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 buying an additional 292,348 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of Shake Shack by 17.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company's stock valued at $116,078,000 after buying an additional 134,475 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Shake Shack by 2.6% in the 4th 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 last quarter. Finally, Wasatch Advisors LP lifted its stake in shares of Shake Shack by 1.8% in the 4th quarter. Wasatch Advisors LP now owns 566,425 shares of the company's stock valued at $73,522,000 after purchasing an additional 10,147 shares during the last quarter. Institutional investors own 86.07% of the company's stock.

Shake Shack Trading Up 0.8%

NYSE SHAK traded up $0.89 during trading hours on Tuesday, hitting $113.90. The company's stock had a trading volume of 1,625,086 shares, compared to its average volume of 1,127,264. The stock has a fifty day moving average of $89.11 and a 200 day moving average of $111.07. Shake Shack Inc. has a twelve month low of $72.93 and a twelve month high of $139.89. The firm has a market capitalization of $4.84 billion, a P/E ratio of 495.22 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 business had revenue of $320.90 million for the quarter, compared to the consensus estimate of $330.24 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The business's revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Equities research analysts forecast that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on SHAK. Stifel Nicolaus cut their target price on shares of Shake Shack from $120.00 to $97.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. Robert W. Baird upped their target price on shares of Shake Shack from $85.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Truist Financial lowered their target price on shares of Shake Shack from $154.00 to $131.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company initiated 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. Finally, Loop Capital raised 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 note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given 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 a consensus price target of $113.95.

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.