Dimensional Fund Advisors LP Has $98.73 Million Stake in Shake Shack Inc. (NYSE:SHAK)

Dimensional Fund Advisors LP raised its holdings in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 760,595 shares of the company's stock after purchasing an additional 19,320 shares during the quarter. Dimensional Fund Advisors LP owned 1.79% of Shake Shack worth $98,726,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. GDS Wealth Management raised its stake 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 valued at $1,853,000 after purchasing an additional 10,239 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Shake Shack by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company's stock worth $46,979,000 after purchasing an additional 8,429 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Shake Shack in the 4th quarter valued at about $260,000. Assenagon Asset Management S.A. raised its stake in Shake Shack by 45.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 152,264 shares of the company's stock worth $19,764,000 after acquiring an additional 47,906 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Shake Shack by 0.3% in the fourth quarter. Rhumbline Advisers now owns 106,129 shares of the company's stock worth $13,776,000 after acquiring an additional 278 shares during the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Shake Shack Stock Up 6.8 %

Shares of NYSE SHAK traded up $6.04 during mid-day trading on Friday, reaching $94.75. The company had a trading volume of 776,625 shares, compared to its average volume of 1,099,688. The stock has a market capitalization of $4.03 billion, a PE ratio of 412.20 and a beta of 1.80. Shake Shack Inc. has a twelve month low of $72.93 and a twelve month high of $139.89. 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 stock's 50 day moving average is $89.61 and its 200-day moving average is $111.42.

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 analysts' consensus estimates of $0.16 by ($0.02). The firm had revenue of $320.90 million for 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% on a year-over-year basis. During the same period last year, the business earned $0.13 earnings per share. As a group, equities analysts anticipate that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Gordon Haskett raised Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 target price on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus cut their price objective on shares of Shake Shack from $120.00 to $97.00 and set a "hold" rating on the stock in a research report on Tuesday, April 15th. UBS Group decreased their target price on shares of Shake Shack from $140.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday. JPMorgan Chase & Co. cut their price target on Shake Shack from $107.00 to $105.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. Finally, Wells Fargo & Company began coverage on Shake Shack in a research note on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $114.95.

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.