Two Sigma Advisers LP Buys 23,300 Shares of Shake Shack Inc. (NYSE:SHAK)

Two Sigma Advisers LP lifted its stake in Shake Shack Inc. (NYSE:SHAK - Free Report) by 117.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,200 shares of the company's stock after purchasing an additional 23,300 shares during the period. Two Sigma Advisers LP owned 0.10% of Shake Shack worth $5,607,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nemes Rush Group LLC bought a new position in shares of Shake Shack in the 4th quarter valued at about $29,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Shake Shack during the fourth quarter worth approximately $32,000. Transcendent Capital Group LLC acquired a new position in Shake Shack in the fourth quarter valued at approximately $52,000. R Squared Ltd bought a new position in Shake Shack in the fourth quarter valued at approximately $56,000. Finally, Montag & Caldwell LLC acquired a new stake in Shake Shack during the 4th quarter worth $68,000. Institutional investors own 86.07% of the company's stock.

Wall Street Analyst Weigh In

SHAK has been the topic of several recent research reports. Truist Financial raised their price target on Shake Shack from $134.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Stifel Nicolaus reduced their target price on Shake Shack from $120.00 to $97.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company assumed coverage on Shake Shack in a research report on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 target price for the company. Raymond James reiterated a "strong-buy" rating and issued a $140.00 price target (down from $145.00) on shares of Shake Shack in a research report on Friday, May 2nd. Finally, Barclays reduced their price objective on shares of Shake Shack from $155.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Shake Shack currently has an average rating of "Hold" and an average target price of $113.40.

Shake Shack Stock Up 0.1%

Shares of Shake Shack stock traded up $0.10 during trading on Wednesday, reaching $126.45. The stock had a trading volume of 886,107 shares, compared to its average volume of 1,154,154. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 549.78 and a beta of 1.61. The stock has a fifty day moving average price of $95.52 and a two-hundred day moving average price of $110.66. 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 released its earnings results 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 during 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 company's revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. Sell-side analysts predict that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

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.