Swiss National Bank Increases Holdings in Shake Shack Inc. (NYSE:SHAK)

Swiss National Bank lifted its stake in shares of Shake Shack Inc. (NYSE:SHAK – Get Rating) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 90,100 shares of the company’s stock after purchasing an additional 1,700 shares during the quarter. Swiss National Bank owned 0.21% of Shake Shack worth $3,742,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Shake Shack by 1.2% during the first quarter. Vanguard Group Inc. now owns 4,071,207 shares of the company’s stock valued at $276,435,000 after buying an additional 48,614 shares during the period. State Street Corp grew its position in shares of Shake Shack by 1.1% during the 2nd quarter. State Street Corp now owns 1,281,413 shares of the company’s stock valued at $50,590,000 after purchasing an additional 14,267 shares in the last quarter. Balyasny Asset Management LLC increased its holdings in shares of Shake Shack by 61.8% in the third quarter. Balyasny Asset Management LLC now owns 821,070 shares of the company’s stock worth $36,932,000 after purchasing an additional 313,623 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Shake Shack by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 631,309 shares of the company’s stock worth $28,398,000 after buying an additional 5,253 shares in the last quarter. Finally, Interval Partners LP bought a new stake in Shake Shack during the third quarter valued at $19,656,000. Hedge funds and other institutional investors own 83.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SHAK shares. Robert W. Baird raised their price target on Shake Shack from $62.00 to $74.00 in a report on Tuesday, May 16th. Cowen boosted their price target on shares of Shake Shack from $53.00 to $58.00 and gave the stock a “market perform” rating in a research note on Friday, February 17th. Wedbush raised their price objective on shares of Shake Shack from $56.00 to $59.00 in a research report on Friday, May 5th. BTIG Research upped their target price on shares of Shake Shack from $65.00 to $75.00 in a research report on Friday, May 5th. Finally, Stifel Nicolaus raised their price target on Shake Shack from $50.00 to $65.00 in a research report on Wednesday, May 17th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Shake Shack has a consensus rating of “Hold” and a consensus target price of $63.64.

Shake Shack Stock Down 0.0 %

SHAK opened at $66.69 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.28 and a current ratio of 2.31. The stock’s 50 day simple moving average is $57.64 and its 200 day simple moving average is $53.89. Shake Shack Inc. has a 1 year low of $37.72 and a 1 year high of $71.93.

Shake Shack (NYSE:SHAK – Get Rating) last issued its earnings results on Thursday, May 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.08. Shake Shack had a negative net margin of 1.63% and a negative return on equity of 1.19%. The firm had revenue of $253.30 million for the quarter, compared to analysts’ expectations of $245.84 million. During the same quarter last year, the business earned ($0.19) earnings per share. The business’s revenue was up 24.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Shake Shack Inc. will post 0.13 EPS for the current fiscal year.

Shake Shack Company Profile

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Shake Shack, Inc engages in the operation and licensing of Shake Shack restaurants which serve burgers, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and more. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.