RB Capital Management LLC Purchases New Position in Shake Shack Inc. (NYSE:SHAK)

RB Capital Management LLC purchased a new stake in Shake Shack Inc. (NYSE:SHAK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,207 shares of the company's stock, valued at approximately $286,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SHAK. GDS Wealth Management increased its stake in Shake Shack by 253.6% during the 4th quarter. GDS Wealth Management now owns 14,277 shares of the company's stock worth $1,853,000 after buying an additional 10,239 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Shake Shack by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company's stock worth $46,979,000 after buying an additional 8,429 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Shake Shack during the 4th quarter worth approximately $260,000. Janus Henderson Group PLC increased its stake in Shake Shack by 6.2% during the 4th quarter. Janus Henderson Group PLC now owns 17,064 shares of the company's stock worth $2,216,000 after buying an additional 1,000 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Shake Shack by 0.3% during the 4th quarter. Rhumbline Advisers now owns 106,129 shares of the company's stock worth $13,776,000 after buying an additional 278 shares in the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on SHAK. Stifel Nicolaus cut their price objective on Shake Shack from $120.00 to $97.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. UBS Group cut their price objective on Shake Shack from $140.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Truist Financial boosted their price objective on Shake Shack from $134.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. TD Securities reiterated a "hold" rating and set a $105.00 price objective on shares of Shake Shack in a research note on Monday. Finally, Loop Capital upgraded Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price target for the company in a research report on Tuesday, April 1st. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $113.40.

Shake Shack Trading Down 2.5%

Shares of Shake Shack stock opened at $114.34 on Thursday. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 497.11 and a beta of 1.61. Shake Shack Inc. has a fifty-two week low of $72.93 and a fifty-two week high of $139.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The stock has a 50 day moving average of $93.03 and a 200 day moving average of $111.05.

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

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