HighTower Advisors LLC Increases Stake in Shake Shack Inc. (NYSE:SHAK)

HighTower Advisors LLC increased its stake in Shake Shack Inc. (NYSE:SHAK) by 36.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,619 shares of the company’s stock after purchasing an additional 2,025 shares during the period. HighTower Advisors LLC’s holdings in Shake Shack were worth $989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. GDS Wealth Management raised its holdings in shares of Shake Shack by 253.6% in the fourth quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock worth $1,853,000 after buying an additional 10,239 shares during the last quarter. Fisher Asset Management LLC raised its stake in Shake Shack by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 354,114 shares of the company’s stock worth $36,548,000 after acquiring an additional 16,097 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Shake Shack by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company’s stock worth $46,979,000 after acquiring an additional 8,429 shares during the period. FMR LLC grew its stake in Shake Shack by 3.6% during the 3rd quarter. FMR LLC now owns 243,549 shares of the company’s stock valued at $25,137,000 after purchasing an additional 8,512 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Shake Shack in the third quarter valued at about $867,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Performance

SHAK opened at $93.24 on Thursday. The firm’s fifty day simple moving average is $106.33 and its two-hundred day simple moving average is $115.26. Shake Shack Inc. has a 52-week low of $77.50 and a 52-week high of $139.89. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 405.38 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 posted its quarterly earnings data 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 8.40% and a net margin of 0.81%. The company had revenue of $328.68 million for the quarter, compared to analysts’ expectations of $329.02 million. Equities analysts anticipate that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SHAK has been the subject of a number of research reports. UBS Group lifted their target price on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research note on Wednesday, January 8th. Wedbush increased their price objective on shares of Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Truist Financial boosted their target price on shares of Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. cut their price target on Shake Shack from $107.00 to $105.00 and set an “underweight” rating on the stock in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Shake Shack presently has a consensus rating of “Hold” and a consensus target price of $124.05.

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.