Jefferies Financial Group Inc. Acquires 10,819 Shares of Shake Shack Inc. (NYSE:SHAK)

Jefferies Financial Group Inc. lifted its stake in Shake Shack Inc. (NYSE:SHAK - Free Report) by 98.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,819 shares of the company's stock after buying an additional 10,819 shares during the period. Jefferies Financial Group Inc. owned approximately 0.05% of Shake Shack worth $2,832,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SHAK. Nemes Rush Group LLC acquired a new position in Shake Shack during the fourth quarter worth about $29,000. Harvest Fund Management Co. Ltd bought a new position in shares of Shake Shack during the fourth quarter worth about $32,000. Transcendent Capital Group LLC acquired a new position in shares of Shake Shack in the 4th quarter worth approximately $52,000. R Squared Ltd bought a new stake in Shake Shack during the fourth quarter valued at $56,000. Finally, Montag & Caldwell LLC acquired a new position in Shake Shack in the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds own 86.07% of the company's stock.

Shake Shack Trading Up 2.6%

Shares of Shake Shack stock traded up $3.29 during trading on Friday, reaching $129.93. The company's stock had a trading volume of 1,154,887 shares, compared to its average volume of 1,159,974. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 564.91 and a beta of 1.61. The firm's 50-day moving average is $97.56 and its two-hundred day moving average is $110.73. 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 data on Thursday, May 1st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $320.90 million for the quarter, compared to the consensus estimate of $330.24 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The business's revenue was up 10.5% on a year-over-year basis. During the same period last year, the company posted $0.13 earnings per share. On average, sell-side analysts anticipate that Shake Shack Inc. will post 1.26 earnings per share for the current year.

Wall Street Analyst Weigh In

SHAK has been the topic of several recent research reports. Robert W. Baird increased their price target on Shake Shack from $85.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Wedbush lifted their target price on Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Oppenheimer dropped their price objective on Shake Shack from $155.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. TD Securities reiterated a "hold" rating and set a $105.00 target price on shares of Shake Shack in a research report on Monday, May 19th. Finally, Wells Fargo & Company lifted their price target on Shake Shack from $95.00 to $115.00 and gave the company an "equal weight" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Shake Shack currently has an average rating of "Hold" and a consensus target price of $114.40.

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.