New York State Teachers Retirement System Purchases 200 Shares of Shake Shack Inc. (NYSE:SHAK)

New York State Teachers Retirement System lifted its position in shares of Shake Shack Inc. (NYSE:SHAK) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,225 shares of the company’s stock after purchasing an additional 200 shares during the period. New York State Teachers Retirement System owned 0.09% of Shake Shack worth $5,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Shake Shack by 3.5% during the third quarter. State Street Corp now owns 1,452,736 shares of the company’s stock worth $149,937,000 after purchasing an additional 49,324 shares during the period. Holocene Advisors LP grew its position in Shake Shack by 68.3% during the third quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock worth $97,673,000 after buying an additional 384,131 shares in the last quarter. Geode Capital Management LLC grew its position in 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 in the last quarter. Point72 Asset Management L.P. grew its position in Shake Shack by 154.8% during the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock worth $67,157,000 after buying an additional 395,311 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its position in Shake Shack by 4.7% during the third quarter. Champlain Investment Partners LLC now owns 614,747 shares of the company’s stock worth $63,448,000 after buying an additional 27,707 shares in the last quarter. Institutional investors own 86.07% of the company’s stock.

Insider Buying and Selling

In other news, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the transaction, the chief financial officer now directly owns 30,717 shares of the company’s stock, valued at approximately $4,223,894.67. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 9.73% of the stock is owned by corporate insiders.

Shake Shack Trading Up 11.4 %

NYSE SHAK opened at $123.92 on Friday. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51. Shake Shack Inc. has a twelve month low of $77.50 and a twelve month high of $139.89. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 728.96 and a beta of 1.86. The business’s fifty day moving average is $122.24 and its 200 day moving average is $116.17.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. As a group, sell-side analysts expect that Shake Shack Inc. will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SHAK shares. Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research report on Wednesday, January 8th. UBS Group increased their price target on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Wedbush reissued a “neutral” rating and set a $130.00 price target on shares of Shake Shack in a research report on Wednesday, January 15th. Stifel Nicolaus reduced their target price on Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a report on Friday, January 17th. Finally, Truist Financial reduced their target price on Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $124.29.

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.