Larson Financial Group LLC Purchases 1,751 Shares of Shake Shack Inc. (NYSE:SHAK)

Larson Financial Group LLC raised its position in shares of Shake Shack Inc. (NYSE:SHAK) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,610 shares of the company’s stock after buying an additional 1,751 shares during the quarter. Larson Financial Group LLC owned about 0.10% of Shake Shack worth $5,271,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. increased its position in Shake Shack by 154.8% in the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock worth $67,157,000 after purchasing an additional 395,311 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Shake Shack in the 3rd quarter worth about $39,677,000. Holocene Advisors LP raised its position in shares of Shake Shack by 68.3% during the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock valued at $97,673,000 after buying an additional 384,131 shares in the last quarter. Cookson Peirce & Co. Inc. purchased a new stake in shares of Shake Shack during the 4th quarter valued at about $26,756,000. Finally, Paloma Partners Management Co bought a new position in shares of Shake Shack in the 3rd quarter valued at about $18,626,000. Institutional investors own 86.07% of the company’s stock.

Wall Street Analysts Forecast Growth

SHAK has been the topic of several analyst reports. Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. TD Securities reissued a “buy” rating and set a $140.00 target price on shares of Shake Shack in a research report on Friday, February 21st. UBS Group raised their price target on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, Oppenheimer increased their target price on shares of Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $125.50.

Shake Shack Stock Performance

Shake Shack stock opened at $92.64 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The company has a market capitalization of $3.94 billion, a PE ratio of 402.78 and a beta of 1.89. The company has a 50 day moving average price of $117.32 and a 200-day moving average price of $116.41. Shake Shack Inc. has a fifty-two week low of $77.50 and a fifty-two week high of $139.89.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The business had revenue of $328.68 million during the quarter, compared to analyst estimates of $329.02 million. As a group, equities analysts forecast that Shake Shack Inc. will post 1.26 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Katherine Irene Fogertey sold 642 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the transaction, the chief financial officer now directly owns 30,717 shares of the company’s stock, valued at approximately $4,223,894.67. The trade was a 2.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 9.73% of the stock is owned by company insiders.

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.