Jefferies Financial Group Inc. Acquires 10,819 Shares of Shake Shack Inc. (NYSE:SHAK)

Jefferies Financial Group Inc. raised its holdings in Shake Shack Inc. (NYSE:SHAK - Free Report) by 98.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,819 shares of the company's stock after buying an additional 10,819 shares during the quarter. Jefferies Financial Group Inc. owned about 0.05% of Shake Shack worth $2,832,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GDS Wealth Management grew its position in shares of Shake Shack by 253.6% in 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 during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Shake Shack by 2.4% in 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 during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Shake Shack in the 4th quarter worth approximately $260,000. Assenagon Asset Management S.A. grew its position in shares of Shake Shack by 45.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 152,264 shares of the company's stock worth $19,764,000 after buying an additional 47,906 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Shake Shack by 0.3% in 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 during the last quarter. 86.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SHAK shares. UBS Group cut their price objective 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. JPMorgan Chase & Co. dropped their price target on Shake Shack from $105.00 to $100.00 and set an "underweight" rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company started coverage on Shake Shack in a research report on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 price target on the stock. Raymond James restated a "strong-buy" rating and set a $140.00 price target (down from $145.00) on shares of Shake Shack in a research report on Friday, May 2nd. Finally, TD Securities restated a "buy" rating and set a $105.00 price target on shares of Shake Shack in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $114.40.

Shake Shack Stock Up 1.8%

Shake Shack stock traded up $2.14 during mid-day trading on Friday, hitting $119.23. The company had a trading volume of 1,124,761 shares, compared to its average volume of 1,133,995. 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 stock's 50 day moving average price is $91.21 and its two-hundred day moving average price is $111.18. Shake Shack Inc. has a 12 month low of $72.93 and a 12 month high of $139.89. The company has a market capitalization of $5.07 billion, a PE ratio of 518.39 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 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $320.90 million during the quarter, compared to analysts' expectations of $330.24 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 EPS. As a group, sell-side analysts anticipate that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal 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.