Woodline Partners LP Buys 3,809 Shares of Shake Shack Inc. (NYSE:SHAK)

Woodline Partners LP lifted its holdings in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,378 shares of the company's stock after acquiring an additional 3,809 shares during the period. Woodline Partners LP owned approximately 0.14% of Shake Shack worth $7,837,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

SHAK has been the subject of a number of recent analyst reports. TD Securities reaffirmed a "hold" rating and issued a $105.00 price objective on shares of Shake Shack in a research report on Monday, May 19th. Robert W. Baird upped their price objective on shares of Shake Shack from $85.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Oppenheimer reduced their price objective on shares of Shake Shack from $155.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company assumed coverage on shares of Shake Shack in a research note on Wednesday, March 26th. They issued an "equal weight" rating and a $95.00 target price on the stock. Finally, Truist Financial boosted their target price on shares of Shake Shack from $134.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $113.40.

Shake Shack Price Performance

Shake Shack stock traded up $0.17 during midday trading on Wednesday, reaching $126.52. 302,536 shares of the stock were exchanged, compared to its average volume of 1,502,642. The company's fifty day moving average is $95.52 and its 200-day moving average is $110.66. 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 firm has a market cap of $5.40 billion, a PE ratio of 550.09 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 posted its earnings results on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 8.40% and a net margin of 0.81%. 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 EPS. On average, sell-side analysts forecast that Shake Shack Inc. will post 1.26 EPS for the current year.

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.