Gilder Gagnon Howe & Co. LLC Has $190.19 Million Stake in Shake Shack Inc. (NYSE:SHAK)

Gilder Gagnon Howe & Co. LLC lowered its holdings in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,465,272 shares of the company's stock after selling 31,644 shares during the period. Shake Shack comprises 2.1% of Gilder Gagnon Howe & Co. LLC's portfolio, making the stock its 11th largest holding. Gilder Gagnon Howe & Co. LLC owned approximately 3.45% of Shake Shack worth $190,192,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Nemes Rush Group LLC acquired a new stake in shares of Shake Shack in the 4th quarter valued at $29,000. Harvest Fund Management Co. Ltd bought a new stake in Shake Shack during the fourth quarter worth about $32,000. Transcendent Capital Group LLC acquired a new stake in shares of Shake Shack during the fourth quarter worth approximately $52,000. R Squared Ltd acquired a new position in shares of Shake Shack in the 4th quarter worth approximately $56,000. Finally, Montag & Caldwell LLC acquired a new stake in Shake Shack during the 4th quarter valued at $68,000. Institutional investors and hedge funds own 86.07% of the company's stock.

Shake Shack Stock Performance

Shares of NYSE SHAK traded up $0.99 during trading hours on Thursday, reaching $88.73. 3,239,054 shares of the stock were exchanged, compared to its average volume of 1,095,381. 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 fifty day simple moving average is $90.14 and its 200 day simple moving average is $111.54. Shake Shack Inc. has a 52 week low of $72.93 and a 52 week high of $139.89. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 383.96 and a beta of 1.80.

Shake Shack (NYSE:SHAK - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.14 earnings per share (EPS) 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 company had revenue of $320.90 million for the quarter, compared to analyst estimates of $330.24 million. During the same period last year, the company posted $0.13 earnings per share. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. Sell-side analysts predict that Shake Shack Inc. will post 1.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Robert W. Baird reduced their price target on Shake Shack from $98.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Wedbush lifted their target price on Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Barclays lowered their price target on Shake Shack from $155.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Truist Financial decreased their price objective on Shake Shack from $154.00 to $131.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Raymond James set a $145.00 price objective on shares of Shake Shack and gave the stock a "strong-buy" rating in a report on Wednesday, April 16th. One equities research 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. According to data from MarketBeat.com, Shake Shack has an average rating of "Moderate Buy" and an average price target of $114.71.

Shake Shack Company 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.