Signaturefd LLC Buys 607 Shares of Shake Shack Inc. (NYSE:SHAK)

Signaturefd LLC boosted its position in Shake Shack Inc. (NYSE:SHAK) by 619.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 705 shares of the company’s stock after purchasing an additional 607 shares during the period. Signaturefd LLC’s holdings in Shake Shack were worth $92,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SHAK. Point72 Asset Management L.P. raised its stake in shares of Shake Shack by 154.8% in the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock valued at $67,157,000 after buying an additional 395,311 shares during the period. Holocene Advisors LP increased its holdings in Shake Shack by 68.3% in the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock worth $97,673,000 after acquiring an additional 384,131 shares during the last quarter. Cookson Peirce & Co. Inc. bought a new stake in Shake Shack in the 4th quarter valued at about $26,756,000. Paloma Partners Management Co purchased a new stake in Shake Shack during the third quarter valued at about $18,626,000. Finally, Fisher Asset Management LLC lifted its holdings in Shake Shack by 27.0% during the fourth quarter. Fisher Asset Management LLC now owns 449,796 shares of the company’s stock valued at $58,384,000 after purchasing an additional 95,682 shares during the last quarter. 86.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. TD Securities reiterated a “buy” rating and issued a $140.00 price objective on shares of Shake Shack in a research note on Friday, February 21st. Wedbush increased their target price on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. reduced their price target on Shake Shack from $107.00 to $105.00 and set an “underweight” rating for the company in a research report on Thursday. Finally, Truist Financial increased their price objective on Shake Shack from $143.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $125.67.

Shake Shack Stock Down 0.1 %

Shares of NYSE SHAK opened at $90.58 on Monday. 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 business has a 50-day moving average of $107.78 and a 200-day moving average of $115.40. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 393.83 and a beta of 1.89. Shake Shack Inc. has a 12 month low of $77.50 and a 12 month high of $139.89.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $328.68 million during the quarter, compared to analysts’ expectations of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. Sell-side analysts expect that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal 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.