Price T Rowe Associates Inc. MD Has $3.35 Million Position in Shake Shack Inc. (NYSE:SHAK)

Price T Rowe Associates Inc. MD lifted its holdings in Shake Shack Inc. (NYSE:SHAK - Free Report) by 14.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,837 shares of the company's stock after buying an additional 3,306 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.06% of Shake Shack worth $3,354,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Shake Shack by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company's stock valued at $574,497,000 after acquiring an additional 49,883 shares during the last quarter. Invesco Ltd. boosted 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 worth $161,613,000 after purchasing an additional 292,348 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Shake Shack by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 760,595 shares of the company's stock worth $98,726,000 after purchasing an additional 19,320 shares during the last quarter. Wasatch Advisors LP boosted its holdings in 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 purchasing an additional 10,147 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Shake Shack by 27.0% during the fourth 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 institutional investors.

Shake Shack Stock Performance

Shares of NYSE SHAK traded up $1.60 during mid-day trading on Friday, reaching $104.92. 1,218,403 shares of the company were exchanged, compared to its average volume of 1,119,703. Shake Shack Inc. has a twelve month low of $72.93 and a twelve month high of $139.89. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The company's 50-day simple moving average is $88.83 and its 200-day simple moving average is $111.05. The stock has a market capitalization of $4.46 billion, a P/E ratio of 456.17 and a beta of 1.61.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings data 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). Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The business had revenue of $320.90 million during the quarter, compared to analyst estimates of $330.24 million. During the same quarter last year, the firm earned $0.13 EPS. Shake Shack's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, research analysts predict that Shake Shack Inc. will post 1.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SHAK. Raymond James restated a "strong-buy" rating and set a $140.00 target price (down previously from $145.00) on shares of Shake Shack in a report on Friday, May 2nd. JPMorgan Chase & Co. reduced their target price on shares of Shake Shack from $105.00 to $100.00 and set an "underweight" rating for the company in a report on Monday, May 5th. Stifel Nicolaus reduced their target price 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. Wells Fargo & Company initiated coverage on shares of Shake Shack in a research note on Wednesday, March 26th. They issued an "equal weight" rating and a $95.00 price target for the company. Finally, Barclays cut their price target on shares of Shake Shack from $155.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Shake Shack currently has a consensus rating of "Moderate Buy" and an average target price of $113.95.

Shake Shack 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.