Interval Partners LP acquired a new stake in Shake Shack Inc. (NYSE:SHAK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 129,337 shares of the company's stock, valued at approximately $16,788,000. Interval Partners LP owned approximately 0.30% of Shake Shack as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System grew its stake in Shake Shack by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company's stock valued at $2,518,000 after purchasing an additional 100 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Shake Shack by 5.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company's stock worth $243,000 after buying an additional 100 shares during the last quarter. Summit Financial LLC raised its holdings in Shake Shack by 1.1% in the fourth 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 boosted its stake in Shake Shack by 1.7% during the 4th quarter. Arizona State Retirement System now owns 11,024 shares of the company's stock valued at $1,431,000 after acquiring an additional 182 shares during the last quarter. Finally, New York State Teachers Retirement System grew its holdings in Shake Shack by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 39,225 shares of the company's stock worth $5,091,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 86.07% of the company's stock.
Shake Shack Price Performance
Shares of NYSE:SHAK opened at $104.92 on Friday. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 456.17 and a beta of 1.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. Shake Shack Inc. has a 12 month low of $72.93 and a 12 month high of $139.89. The stock's 50 day moving average price is $88.83 and its 200 day moving average price is $111.04.
Shake Shack (NYSE:SHAK - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $320.90 million during the quarter, compared to the consensus estimate of $330.24 million. During the same period in the prior year, the firm posted $0.13 EPS. The firm's quarterly revenue was up 10.5% on a year-over-year basis. Equities research analysts anticipate that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have issued reports on SHAK shares. Oppenheimer cut 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. UBS Group dropped their price target on Shake Shack from $140.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Stifel Nicolaus decreased their price objective 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. Truist Financial reduced their price target on shares of Shake Shack from $154.00 to $131.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company initiated coverage on shares of Shake Shack in a research report on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $113.95.
View Our Latest Research Report on Shake Shack
Shake Shack Profile
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Free Report)
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.
Further Reading
Want to see what other hedge funds are holding SHAK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shake Shack Inc. (NYSE:SHAK - Free Report).
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