Shake Shack Inc. (NYSE:SHAK) Shares Bought by First Trust Advisors LP

First Trust Advisors LP increased its stake in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 29.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,936 shares of the company's stock after purchasing an additional 11,333 shares during the quarter. First Trust Advisors LP owned approximately 0.12% of Shake Shack worth $6,482,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Shake Shack by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company's stock worth $574,497,000 after purchasing an additional 49,883 shares in the last quarter. Invesco Ltd. lifted its position 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 acquiring an additional 292,348 shares during the last quarter. Wasatch Advisors LP boosted its stake in Shake Shack by 1.8% in the fourth quarter. Wasatch Advisors LP now owns 566,425 shares of the company's stock valued at $73,522,000 after acquiring an additional 10,147 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Shake Shack by 27.0% in 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. Finally, Jennison Associates LLC increased its position in shares of Shake Shack by 27.7% during the fourth quarter. Jennison Associates LLC now owns 375,552 shares of the company's stock worth $48,747,000 after purchasing an additional 81,441 shares in the last quarter. Institutional investors own 86.07% of the company's stock.

Shake Shack Price Performance

NYSE SHAK traded up $5.80 during mid-day trading on Friday, hitting $94.51. The stock had a trading volume of 2,412,522 shares, compared to its average volume of 1,102,527. Shake Shack Inc. has a twelve month low of $72.93 and a twelve month high of $139.89. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 410.91 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. The firm's 50 day moving average is $89.28 and its 200 day moving average is $111.31.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly 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 business 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 revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the company earned $0.13 EPS. Equities research analysts forecast that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SHAK shares. Wedbush boosted their target price on Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Loop Capital upgraded shares of Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price objective on the stock in a report on Tuesday, April 1st. Barclays lowered their target price 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. UBS Group cut their price target on shares of Shake Shack from $140.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, Gordon Haskett upgraded shares of Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price objective for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.71.

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.