Ensign Peak Advisors Inc Acquires 4,650 Shares of Shake Shack Inc. (NYSE:SHAK)

Ensign Peak Advisors Inc grew its position in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,056 shares of the company's stock after acquiring an additional 4,650 shares during the quarter. Ensign Peak Advisors Inc owned 0.06% of Shake Shack worth $3,252,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Nemes Rush Group LLC bought a new stake in Shake Shack during the fourth quarter worth $29,000. Harvest Fund Management Co. Ltd bought a new position in shares of Shake Shack during the fourth quarter worth approximately $32,000. Transcendent Capital Group LLC bought a new position in Shake Shack during the 4th quarter worth $52,000. R Squared Ltd bought a new stake in shares of Shake Shack during the 4th quarter valued at $56,000. Finally, Montag & Caldwell LLC bought a new position in Shake Shack in the fourth quarter valued at approximately $68,000. 86.07% of the stock is owned by institutional investors.

Shake Shack Stock Up 0.2%

SHAK traded up $0.24 on Tuesday, hitting $117.60. The company had a trading volume of 254,698 shares, compared to its average volume of 1,134,919. The stock has a fifty day simple moving average of $91.81 and a 200-day simple moving average of $110.98. 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 capitalization of $5.02 billion, a P/E ratio of 511.72 and a beta of 1.61. Shake Shack Inc. has a 52-week low of $72.93 and a 52-week high of $139.89.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly 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 firm had revenue of $320.90 million during the quarter, compared to analysts' expectations of $330.24 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. Shake Shack's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 earnings per share. As a group, equities analysts expect that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SHAK has been the subject of a number of research reports. Oppenheimer dropped their target price on shares of Shake Shack from $155.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Robert W. Baird upped their price target on Shake Shack from $85.00 to $90.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Raymond James reiterated a "strong-buy" rating and set a $140.00 price target (down from $145.00) on shares of Shake Shack in a report on Friday, May 2nd. Wells Fargo & Company initiated coverage on shares of 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. Finally, TD Securities restated a "hold" rating and set a $105.00 price target on shares of Shake Shack in a research note on Monday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Shake Shack currently has a consensus rating of "Hold" and a consensus price target of $113.40.

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.