3,608 Shares in Shake Shack Inc. (NYSE:SHAK) Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Shake Shack Inc. (NYSE:SHAK) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,608 shares of the company’s stock, valued at approximately $468,000.

Several other institutional investors have also modified their holdings of SHAK. Harvest Fund Management Co. Ltd acquired a new stake in shares of Shake Shack in the fourth quarter valued at $32,000. Transcendent Capital Group LLC acquired a new stake in Shake Shack in the 4th quarter valued at about $52,000. R Squared Ltd purchased a new position in shares of Shake Shack in the 4th quarter valued at about $56,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Shake Shack by 200.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 600 shares of the company’s stock valued at $78,000 after buying an additional 400 shares during the period. Finally, Signaturefd LLC grew its position in shares of Shake Shack by 619.4% during the fourth quarter. Signaturefd LLC now owns 705 shares of the company’s stock worth $92,000 after buying an additional 607 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Gordon Haskett raised 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 report on Wednesday, January 8th. Truist Financial increased their target price on Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a report on Friday, February 21st. Oppenheimer lifted their price target on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Wedbush upped their price objective on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $124.20.

Shake Shack Stock Performance

NYSE SHAK opened at $90.95 on Wednesday. The firm has a market cap of $3.87 billion, a P/E ratio of 395.45 and a beta of 1.89. Shake Shack Inc. has a 52-week low of $77.50 and a 52-week high of $139.89. The business’s 50-day moving average price is $104.20 and its 200 day moving average price is $115.12. 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 announced its earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $328.68 million for the quarter, compared to the consensus estimate of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. On average, equities research analysts expect that Shake Shack Inc. will post 1.26 earnings per share for the current year.

About Shake Shack

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.