Nicholas Investment Partners LP Acquires New Holdings in Shake Shack Inc. (NYSE:SHAK)

Nicholas Investment Partners LP purchased a new stake in Shake Shack Inc. (NYSE:SHAK - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 76,190 shares of the company's stock, valued at approximately $9,889,000. Nicholas Investment Partners LP owned about 0.18% of Shake Shack as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Driehaus Capital Management LLC acquired a new stake in shares of Shake Shack during the fourth quarter worth about $66,349,000. Invesco Ltd. lifted its position in shares of Shake Shack by 30.7% during the 4th quarter. Invesco Ltd. now owns 1,245,093 shares of the company's stock valued at $161,613,000 after buying an additional 292,348 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Shake Shack by 204.0% in the fourth quarter. Ameriprise Financial Inc. now owns 324,109 shares of the company's stock valued at $42,064,000 after purchasing an additional 217,493 shares during the period. Cookson Peirce & Co. Inc. purchased a new stake in Shake Shack during the 4th quarter worth approximately $26,756,000. Finally, Balyasny Asset Management L.P. raised its stake in Shake Shack by 17.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company's stock valued at $116,078,000 after purchasing an additional 134,475 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Shake Shack Stock Performance

NYSE SHAK traded up $2.14 during trading on Friday, reaching $119.23. The company's stock had a trading volume of 1,124,761 shares, compared to its average volume of 1,133,995. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. Shake Shack Inc. has a twelve month low of $72.93 and a twelve month high of $139.89. The business's fifty day moving average price is $91.21 and its 200-day moving average price is $111.18. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 518.39 and a beta of 1.61.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.14 earnings per share (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 analyst estimates of $330.24 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. As a group, analysts anticipate that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SHAK has been the topic of several recent research reports. Wells Fargo & Company began coverage on Shake Shack in a report on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 target price on the stock. Barclays lowered their price objective on shares of Shake Shack from $155.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target on shares of Shake Shack from $105.00 to $100.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. Wedbush lifted their target price on Shake Shack from $115.00 to $125.00 and gave the company a "neutral" rating in a report on Friday, February 21st. Finally, UBS Group dropped their price objective on shares of Shake Shack from $140.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $114.40.

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.