Proficio Capital Partners LLC Takes $5.11 Million Position in Shake Shack Inc. (NYSE:SHAK)

Proficio Capital Partners LLC bought a new stake in shares of Shake Shack Inc. (NYSE:SHAK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 39,329 shares of the company’s stock, valued at approximately $5,105,000. Proficio Capital Partners LLC owned about 0.09% of Shake Shack as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SHAK. Entropy Technologies LP bought a new stake in Shake Shack in the third quarter worth $345,000. Victory Capital Management Inc. lifted its position in Shake Shack by 47.5% in the third quarter. Victory Capital Management Inc. now owns 12,977 shares of the company’s stock worth $1,339,000 after buying an additional 4,181 shares during the last quarter. KBC Group NV lifted its position in Shake Shack by 24.1% in the third quarter. KBC Group NV now owns 1,206 shares of the company’s stock worth $124,000 after buying an additional 234 shares during the last quarter. Natixis Advisors LLC lifted its position in Shake Shack by 2.5% in the third quarter. Natixis Advisors LLC now owns 12,335 shares of the company’s stock worth $1,273,000 after buying an additional 296 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Shake Shack by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock worth $3,241,000 after purchasing an additional 139 shares during the period. 86.07% of the stock is currently owned by institutional investors.

Shake Shack Price Performance

Shares of SHAK stock opened at $87.51 on Monday. Shake Shack Inc. has a 1-year low of $77.50 and a 1-year high of $139.89. The stock’s 50-day moving average is $112.06 and its 200 day moving average is $115.77. The company has a market cap of $3.72 billion, a P/E ratio of 380.47 and a beta of 1.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98.

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

Wall Street Analysts Forecast Growth

SHAK has been the topic of a number of recent analyst reports. TD Securities reiterated a “buy” rating and issued a $140.00 target price on shares of Shake Shack in a research note on Friday, February 21st. 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 research note on Friday, January 17th. Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research note on Wednesday, January 8th. Finally, Oppenheimer increased their target price on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.