Public Employees Retirement System of Ohio Acquires 2,690 Shares of Shake Shack Inc. (NYSE:SHAK)

Public Employees Retirement System of Ohio lifted its holdings in Shake Shack Inc. (NYSE:SHAK - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,370 shares of the company's stock after purchasing an additional 2,690 shares during the period. Public Employees Retirement System of Ohio owned 0.07% of Shake Shack worth $4,072,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SHAK. Louisiana State Employees Retirement System boosted its position in shares of Shake Shack by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company's stock valued at $2,518,000 after acquiring an additional 100 shares during the period. Quadrant Capital Group LLC grew its position in Shake Shack by 5.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company's stock worth $243,000 after acquiring an additional 100 shares during the last quarter. Summit Financial LLC increased its position in Shake Shack by 1.1% in the 4th quarter. Summit Financial LLC now owns 13,083 shares of the company's stock valued at $1,698,000 after acquiring an additional 139 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Shake Shack by 1.7% in the fourth quarter. Arizona State Retirement System now owns 11,024 shares of the company's stock valued at $1,431,000 after purchasing an additional 182 shares in the last quarter. Finally, New York State Teachers Retirement System increased its stake in shares of Shake Shack by 0.5% in the 4th quarter. New York State Teachers Retirement System now owns 39,225 shares of the company's stock valued at $5,091,000 after buying an additional 200 shares during the period. 86.07% of the stock is currently owned by institutional investors.

Shake Shack Trading Down 0.9%

NYSE SHAK traded down $1.21 during mid-day trading on Tuesday, reaching $127.18. 411,945 shares of the stock were exchanged, compared to its average volume of 1,162,336. Shake Shack Inc. has a one year low of $72.93 and a one year high of $139.89. 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 stock has a 50 day simple moving average of $98.26 and a 200-day simple moving average of $110.57. The stock has a market cap of $5.43 billion, a P/E ratio of 552.96 and a beta of 1.61.

Shake Shack (NYSE:SHAK - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.14 EPS 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 during the quarter, compared to analyst estimates of $330.24 million. During the same quarter in the previous year, the business posted $0.13 earnings per share. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. On average, analysts anticipate that Shake Shack Inc. will post 1.26 EPS for the current year.

Analysts Set New Price Targets

SHAK has been the subject of several research analyst reports. Stifel Nicolaus reduced their price target on shares of Shake Shack from $120.00 to $97.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. TD Cowen downgraded shares of Shake Shack from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a report on Monday, May 19th. UBS Group lowered their target price on shares of Shake Shack from $140.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Raymond James reiterated a "strong-buy" rating and issued a $140.00 price target (down previously from $145.00) on shares of Shake Shack in a research note on Friday, May 2nd. Finally, Truist Financial upped their price target on shares of Shake Shack from $134.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $114.40.

Shake Shack Company 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.