Shake Shack Inc. (NYSE:SHAK) Shares Purchased by GDS Wealth Management

GDS Wealth Management raised its stake in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 253.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,277 shares of the company's stock after buying an additional 10,239 shares during the period. GDS Wealth Management's holdings in Shake Shack were worth $1,853,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asset Management L.P. raised its position in Shake Shack by 154.8% in the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company's stock worth $67,157,000 after acquiring an additional 395,311 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Shake Shack in the 3rd quarter worth $39,677,000. Holocene Advisors LP raised its holdings in Shake Shack by 68.3% in the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company's stock worth $97,673,000 after purchasing an additional 384,131 shares during the period. Paloma Partners Management Co purchased a new position in Shake Shack during the third quarter valued at $18,626,000. Finally, Jennison Associates LLC grew its holdings in Shake Shack by 27.7% during the fourth quarter. Jennison Associates LLC now owns 375,552 shares of the company's stock valued at $48,747,000 after purchasing an additional 81,441 shares during the period. 86.07% of the stock is owned by institutional investors.

Shake Shack Price Performance

Shares of SHAK traded down $2.32 during mid-day trading on Friday, hitting $112.84. 718,683 shares of the company were exchanged, compared to its average volume of 1,221,435. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 663.76 and a beta of 1.86. Shake Shack Inc. has a 1-year low of $75.46 and a 1-year high of $139.89. The company has a 50 day moving average of $126.95 and a 200-day moving average of $114.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.01.

Analyst Ratings Changes

A number of research analysts recently issued reports on SHAK shares. Wedbush reiterated a "neutral" rating and set a $130.00 price objective on shares of Shake Shack in a research note on Wednesday, January 15th. Gordon Haskett raised shares of Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 target price for the company in a report on Wednesday, January 8th. UBS Group increased their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Truist Financial lowered their target price on Shake Shack from $149.00 to $143.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, Oppenheimer boosted their price objective on Shake Shack from $145.00 to $155.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $123.78.

Insider Buying and Selling

In other news, CFO Katherine Irene Fogertey sold 642 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the transaction, the chief financial officer now owns 30,717 shares of the company's stock, valued at approximately $4,223,894.67. The trade was a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.73% of the stock is currently owned by company insiders.

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.