Mitsubishi UFJ Trust & Banking Corp Acquires New Position in Shake Shack Inc. (NYSE:SHAK)

Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Shake Shack Inc. (NYSE:SHAK) during the 4th quarter, Holdings Channel.com reports. The fund bought 3,608 shares of the company’s stock, valued at approximately $468,000.

A number of other large investors have also modified their holdings of the business. GDS Wealth Management grew its holdings in Shake Shack by 253.6% during the fourth quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock worth $1,853,000 after acquiring an additional 10,239 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Shake Shack by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company’s stock worth $46,979,000 after purchasing an additional 8,429 shares in the last quarter. FMR LLC grew its stake in shares of Shake Shack by 3.6% during the 3rd quarter. FMR LLC now owns 243,549 shares of the company’s stock worth $25,137,000 after purchasing an additional 8,512 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Shake Shack during the 4th quarter worth $260,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Shake Shack in the 3rd quarter valued at about $867,000. 86.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SHAK has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. TD Securities restated a “buy” rating and issued a $140.00 price target on shares of Shake Shack in a report on Friday, February 21st. Stifel Nicolaus dropped their price objective on Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $125.00 to $159.00 in a research report on Tuesday, January 7th. Finally, Truist Financial raised their price target on Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $124.20.

Shake Shack Stock Up 3.2 %

SHAK stock opened at $90.95 on Wednesday. Shake Shack Inc. has a one year low of $77.50 and a one year high of $139.89. The stock has a market capitalization of $3.87 billion, a P/E ratio of 395.45 and a beta of 1.89. The company has a 50 day moving average price of $104.20 and a two-hundred day moving average price of $115.12. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97.

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