Janus Henderson Group PLC Boosts Holdings in Shake Shack Inc. (NYSE:SHAK)

Janus Henderson Group PLC boosted its holdings in Shake Shack Inc. (NYSE:SHAK) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,064 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Janus Henderson Group PLC’s holdings in Shake Shack were worth $2,216,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Louisiana State Employees Retirement System raised its position in Shake Shack by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company’s stock worth $2,518,000 after acquiring an additional 100 shares during the period. Quadrant Capital Group LLC grew its holdings in Shake Shack by 5.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company’s stock valued at $243,000 after buying an additional 100 shares in the last quarter. Summit Financial LLC grew its holdings in shares of Shake Shack by 1.1% in the fourth quarter. Summit Financial LLC now owns 13,083 shares of the company’s stock valued at $1,698,000 after purchasing an additional 139 shares in the last quarter. Arizona State Retirement System increased its position in Shake Shack by 1.7% in the fourth quarter. Arizona State Retirement System now owns 11,024 shares of the company’s stock worth $1,431,000 after purchasing an additional 182 shares during the last quarter. Finally, New York State Teachers Retirement System increased its holdings in shares of Shake Shack by 0.5% in the 4th quarter. New York State Teachers Retirement System now owns 39,225 shares of the company’s stock worth $5,091,000 after buying an additional 200 shares during the last quarter. 86.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Raymond James reissued a “strong-buy” rating and set a $140.00 price target (down from $145.00) on shares of Shake Shack in a research note on Friday, May 2nd. Stifel Nicolaus decreased their price target on shares of Shake Shack from $120.00 to $97.00 and set a “hold” rating for the company in a research report on Tuesday, April 15th. Truist Financial raised their price objective on Shake Shack from $134.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Barclays lowered their target price on shares of Shake Shack from $155.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Finally, Wedbush raised their target price on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Shake Shack has an average rating of “Hold” and an average target price of $113.40.

Shake Shack Trading Down 0.2%

Shares of SHAK opened at $117.07 on Wednesday. The stock’s fifty day simple moving average is $92.49 and its 200 day simple moving average is $111.03. Shake Shack Inc. has a twelve month low of $72.93 and a twelve month high of $139.89. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $5.00 billion, a P/E ratio of 509.00 and a beta of 1.61.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, May 1st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The company had revenue of $320.90 million for the quarter, compared to analysts’ expectations of $330.24 million. During the same quarter in the previous year, the business posted $0.13 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities research analysts forecast that Shake Shack Inc. will post 1.26 earnings per share for the current year.

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.