Signaturefd LLC Raises Stake in Shake Shack Inc. (NYSE:SHAK)

Signaturefd LLC grew its holdings in shares of Shake Shack Inc. (NYSE:SHAK) by 619.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 705 shares of the company’s stock after acquiring an additional 607 shares during the quarter. Signaturefd LLC’s holdings in Shake Shack were worth $92,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SHAK. State Street Corp raised its position in Shake Shack by 3.5% in the 3rd quarter. State Street Corp now owns 1,452,736 shares of the company’s stock worth $149,937,000 after purchasing an additional 49,324 shares during the period. Holocene Advisors LP grew its stake in shares of Shake Shack by 68.3% during the third 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of Shake Shack by 3.1% during the third quarter. Geode Capital Management LLC now owns 876,380 shares of the company’s stock valued at $90,470,000 after buying an additional 26,620 shares during the last quarter. Point72 Asset Management L.P. increased its holdings 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 worth $67,157,000 after buying an additional 395,311 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Shake Shack by 27.0% in the 4th quarter. Fisher Asset Management LLC now owns 449,796 shares of the company’s stock valued at $58,384,000 after acquiring an additional 95,682 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SHAK has been the topic of several recent research reports. Stifel Nicolaus reduced their price target on Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Truist Financial raised their target price on shares of Shake Shack from $143.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, February 21st. TD Securities reiterated a “buy” rating and set a $140.00 price target on shares of Shake Shack in a report on Friday, February 21st. Oppenheimer raised their price target on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Shake Shack from $107.00 to $105.00 and set an “underweight” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $125.67.

Shake Shack Stock Performance

Shake Shack stock opened at $90.58 on Monday. Shake Shack Inc. has a fifty-two week low of $77.50 and a fifty-two week high of $139.89. The stock’s 50 day simple moving average is $107.78 and its two-hundred day simple moving average is $115.40. 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 stock has a market cap of $3.85 billion, a price-to-earnings ratio of 393.83 and a beta of 1.89.

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

Shake Shack 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.