Shake Shack, Inc. $SHAK Shares Acquired by DKRT Investments Corp.

DKRT Investments Corp. raised its holdings in shares of Shake Shack, Inc. (NYSE:SHAK) by 66.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,000 shares of the company’s stock after buying an additional 10,000 shares during the period. Shake Shack comprises approximately 0.6% of DKRT Investments Corp.’s investment portfolio, making the stock its 23rd biggest position. DKRT Investments Corp. owned approximately 0.06% of Shake Shack worth $2,340,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SHAK. White Pine Capital LLC lifted its stake in Shake Shack by 2.0% in the 2nd quarter. White Pine Capital LLC now owns 4,981 shares of the company’s stock worth $700,000 after acquiring an additional 100 shares in the last quarter. Glenview Trust co boosted its position in Shake Shack by 1.5% during the 2nd quarter. Glenview Trust co now owns 6,925 shares of the company’s stock worth $974,000 after acquiring an additional 100 shares during the period. Smartleaf Asset Management LLC grew its stake in Shake Shack by 12.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 964 shares of the company’s stock valued at $91,000 after acquiring an additional 107 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Shake Shack by 3.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,972 shares of the company’s stock valued at $558,000 after purchasing an additional 125 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Shake Shack by 5.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,503 shares of the company’s stock valued at $234,000 after purchasing an additional 138 shares during the period. Institutional investors and hedge funds own 86.07% of the company’s stock.

Wall Street Analysts Forecast Growth

SHAK has been the subject of several research reports. JPMorgan Chase & Co. upgraded shares of Shake Shack from an “underweight” rating to a “neutral” rating and decreased their price target for the stock from $95.00 to $90.00 in a report on Thursday, December 18th. Morgan Stanley upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $115.00 to $125.00 in a research note on Tuesday, January 20th. Jefferies Financial Group reissued a “hold” rating on shares of Shake Shack in a research note on Tuesday, November 25th. Robert W. Baird boosted their price target on shares of Shake Shack from $104.00 to $108.00 and gave the company a “neutral” rating in a report on Friday, February 27th. Finally, Loop Capital raised shares of Shake Shack from a “hold” rating to a “buy” rating and upped their price target for the stock from $98.00 to $127.00 in a research note on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $116.57.

Shake Shack Stock Down 3.3%

SHAK stock opened at $93.56 on Friday. The firm has a market cap of $3.99 billion, a PE ratio of 85.83, a PEG ratio of 5.17 and a beta of 1.73. Shake Shack, Inc. has a 1 year low of $72.93 and a 1 year high of $144.65. The company has a fifty day simple moving average of $92.30 and a 200 day simple moving average of $92.43. The company has a current ratio of 1.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45.

Shake Shack (NYSE:SHAK) last posted its earnings results on Thursday, February 26th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. The firm had revenue of $400.53 million for the quarter, compared to the consensus estimate of $402.06 million. Shake Shack had a net margin of 3.16% and a return on equity of 11.08%. The business’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. Sell-side analysts anticipate that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

Shake Shack Profile

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.