Versor Investments LP Purchases Shares of 2,490 Shake Shack Inc. (NYSE:SHAK)

Versor Investments LP acquired a new position in shares of Shake Shack Inc. (NYSE:SHAK) during the 4th quarter, Holdings Channel.com reports. The fund acquired 2,490 shares of the company’s stock, valued at approximately $323,000.

Several other hedge funds also recently modified their holdings of the company. Louisiana State Employees Retirement System grew its position in Shake Shack by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company’s stock worth $2,518,000 after acquiring an additional 100 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Shake Shack by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock valued at $3,241,000 after purchasing an additional 139 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in Shake Shack by 1.5% in the third quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company’s stock worth $1,372,000 after purchasing an additional 199 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Shake Shack by 0.5% during the fourth quarter. New York State Teachers Retirement System now owns 39,225 shares of the company’s stock worth $5,091,000 after purchasing an additional 200 shares during the last quarter. Finally, Covestor Ltd increased its stake in shares of Shake Shack by 41.6% in the third quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after buying an additional 205 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Price Performance

Shares of SHAK opened at $102.68 on Tuesday. The stock has a market cap of $4.36 billion, a P/E ratio of 446.43 and a beta of 1.86. Shake Shack Inc. has a 1 year low of $77.50 and a 1 year high of $139.89. The stock’s 50-day moving average price is $119.92 and its two-hundred day moving average price is $116.78. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50.

Shake Shack (NYSE:SHAK) last announced its quarterly 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. The business had revenue of $328.68 million for the quarter, compared to the consensus estimate of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. On average, equities analysts predict that Shake Shack Inc. will post 1.26 earnings per share for the current year.

Insiders Place Their Bets

In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of the business’s stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.73% of the company’s stock.

Wall Street Analysts Forecast Growth

SHAK has been the topic of several research reports. Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research report on Wednesday, January 8th. Truist Financial boosted their target price on shares of Shake Shack from $143.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. UBS Group increased their price target on shares of Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Stifel Nicolaus dropped their price objective on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a research report on Friday, January 17th. Finally, Wedbush upped their price objective on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Shake Shack currently has a consensus rating of “Hold” and a consensus price target of $125.50.

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.