PDT Partners LLC Makes New $1.24 Million Investment in Shake Shack Inc. (NYSE:SHAK)

PDT Partners LLC bought a new position in Shake Shack Inc. (NYSE:SHAK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,536 shares of the company's stock, valued at approximately $1,238,000.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its position in Shake Shack by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company's stock valued at $574,497,000 after purchasing an additional 49,883 shares in the last quarter. Invesco Ltd. grew its holdings in Shake Shack by 30.7% during the fourth quarter. Invesco Ltd. now owns 1,245,093 shares of the company's stock valued at $161,613,000 after purchasing an additional 292,348 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Shake Shack by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 760,595 shares of the company's stock valued at $98,726,000 after purchasing an additional 19,320 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Shake Shack by 1.8% during the fourth quarter. Wasatch Advisors LP now owns 566,425 shares of the company's stock worth $73,522,000 after buying an additional 10,147 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in Shake Shack by 27.0% in the 4th quarter. Fisher Asset Management LLC now owns 449,796 shares of the company's stock worth $58,384,000 after purchasing an additional 95,682 shares during the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.

Shake Shack Price Performance

Shares of Shake Shack stock traded up $2.20 on Tuesday, reaching $98.63. 622,838 shares of the stock were exchanged, compared to its average volume of 1,106,149. Shake Shack Inc. has a one year low of $72.93 and a one year high of $139.89. The firm's 50 day moving average is $89.01 and its 200-day moving average is $111.25. 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 $4.20 billion, a PE ratio of 428.91 and a beta of 1.61.

Shake Shack (NYSE:SHAK - Get Free Report) last posted 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%. Shake Shack'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 business 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.

Analysts Set New Price Targets

SHAK has been the subject of several recent research reports. Wedbush increased their price target on shares of Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. Stifel Nicolaus lowered their price objective on shares of Shake Shack from $120.00 to $97.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. UBS Group decreased their price target on Shake Shack from $140.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company started coverage on shares of 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. Finally, Gordon Haskett upgraded shares of Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price target on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.48.

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.