Wasatch Advisors LP Buys 10,147 Shares of Shake Shack Inc. (NYSE:SHAK)

Wasatch Advisors LP boosted its position in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 1.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 566,425 shares of the company's stock after purchasing an additional 10,147 shares during the quarter. Wasatch Advisors LP owned about 1.33% of Shake Shack worth $73,522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of Shake Shack by 3.1% during the third quarter. Geode Capital Management LLC now owns 876,380 shares of the company's stock worth $90,470,000 after buying an additional 26,620 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Shake Shack in the 3rd quarter worth $249,000. Principal Financial Group Inc. increased its holdings in Shake Shack by 1.1% in the third quarter. Principal Financial Group Inc. now owns 189,229 shares of the company's stock valued at $19,530,000 after purchasing an additional 2,043 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Shake Shack by 56.3% during the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company's stock worth $96,000 after buying an additional 265 shares during the period. Finally, Nordea Investment Management AB raised its position in shares of Shake Shack by 4.3% in the 4th quarter. Nordea Investment Management AB now owns 76,884 shares of the company's stock valued at $10,049,000 after acquiring an additional 3,186 shares during the period. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Shake Shack Trading Down 1.7 %

Shares of SHAK stock traded down $1.45 during mid-day trading on Monday, hitting $81.77. The company's stock had a trading volume of 262,883 shares, compared to its average volume of 1,063,812. The company's fifty day simple moving average is $93.95 and its 200-day simple moving average is $112.76. Shake Shack Inc. has a 52 week low of $72.93 and a 52 week high of $139.89. The company has a market cap of $3.48 billion, a PE ratio of 355.52 and a beta of 1.80. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97.

Shake Shack (NYSE:SHAK - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $328.68 million during the quarter, compared to analyst estimates of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. As a group, equities research analysts expect that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SHAK has been the subject of several recent analyst reports. TD Securities reaffirmed a "buy" rating and issued a $140.00 target price on shares of Shake Shack in a research note on Friday, February 21st. UBS Group raised their price objective on Shake Shack from $130.00 to $140.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Loop Capital raised Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 target price for the company in a research note on Tuesday, April 1st. Robert W. Baird dropped 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. Finally, Oppenheimer reduced their price target on shares of Shake Shack from $155.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $122.19.

About Shake Shack

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.