Charles Schwab Investment Management Inc. Buys 8,429 Shares of Shake Shack Inc. (NYSE:SHAK)

Charles Schwab Investment Management Inc. boosted its stake in Shake Shack Inc. (NYSE:SHAK) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 361,930 shares of the company’s stock after purchasing an additional 8,429 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.85% of Shake Shack worth $46,979,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in SHAK. Transcendent Capital Group LLC purchased a new stake in shares of Shake Shack in the 4th quarter valued at about $52,000. R Squared Ltd purchased a new stake in shares of Shake Shack in the 4th quarter valued at about $56,000. SBI Securities Co. Ltd. purchased a new stake in shares of Shake Shack in the 4th quarter valued at about $93,000. GAMMA Investing LLC raised its holdings in shares of Shake Shack by 56.3% in the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $96,000 after acquiring an additional 265 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of Shake Shack by 76.1% in the 3rd quarter. Quest Partners LLC now owns 752 shares of the company’s stock valued at $78,000 after acquiring an additional 325 shares in the last quarter. Institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Up 5.7 %

SHAK opened at $87.51 on Friday. The firm has a 50-day simple moving average of $112.97 and a two-hundred day simple moving average of $115.78. Shake Shack Inc. has a 52 week low of $77.50 and a 52 week high of $139.89. The company has a market capitalization of $3.72 billion, a PE ratio of 380.47 and a beta of 1.89. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The business had revenue of $328.68 million during the quarter, compared to the consensus estimate of $329.02 million. Analysts forecast that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SHAK shares. UBS Group raised their price objective on Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. TD Securities reissued a “buy” rating and set a $140.00 price objective on shares of Shake Shack in a report on Friday, February 21st. Oppenheimer raised their price objective on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $125.00 to $159.00 in a report on Tuesday, January 7th. Finally, Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Shake Shack currently has a consensus rating of “Hold” and an average target price of $125.50.

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.