64,127 Shares in Shake Shack, Inc. $SHAK Purchased by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. acquired a new stake in shares of Shake Shack, Inc. (NYSE:SHAK) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 64,127 shares of the company’s stock, valued at approximately $5,205,000. Shake Shack comprises about 1.7% of Cooper Investors PTY Ltd.’s investment portfolio, making the stock its 21st biggest position. Cooper Investors PTY Ltd. owned about 0.15% of Shake Shack at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new position in Shake Shack in the first quarter worth about $26,000. Global Retirement Partners LLC grew its holdings in shares of Shake Shack by 83.7% during the third quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock valued at $31,000 after buying an additional 149 shares during the last quarter. Murphy & Mullick Capital Management Corp increased its position in shares of Shake Shack by 68.5% during the third quarter. Murphy & Mullick Capital Management Corp now owns 418 shares of the company’s stock valued at $38,000 after acquiring an additional 170 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Shake Shack during the third quarter valued at approximately $38,000. Finally, Parallel Advisors LLC raised its holdings in Shake Shack by 122.6% in the 3rd quarter. Parallel Advisors LLC now owns 590 shares of the company’s stock worth $55,000 after acquiring an additional 325 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised Shake Shack from an “underweight” rating to a “neutral” rating and lowered their price objective for the company from $95.00 to $90.00 in a research report on Thursday, December 18th. Wolfe Research initiated coverage on Shake Shack in a research note on Monday, March 9th. They issued an “outperform” rating and a $118.00 price target for the company. Robert W. Baird upped their price target on Shake Shack from $104.00 to $108.00 and gave the company a “neutral” rating in a report on Friday, February 27th. Truist Financial increased their price objective on Shake Shack from $144.00 to $148.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $116.64.

Shake Shack Trading Up 0.0%

NYSE:SHAK opened at $81.35 on Monday. The company has a market cap of $3.47 billion, a PE ratio of 74.64, a price-to-earnings-growth ratio of 4.38 and a beta of 1.73. The company has a current ratio of 1.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The company has a 50 day simple moving average of $92.03 and a two-hundred day simple moving average of $90.82. Shake Shack, Inc. has a 12 month low of $72.93 and a 12 month high of $144.65.

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