Shake Shack Inc. (NYSE:SHAK) Shares Bought by GDS Wealth Management

GDS Wealth Management raised its position in shares of Shake Shack Inc. (NYSE:SHAK) by 253.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,277 shares of the company’s stock after buying an additional 10,239 shares during the period. GDS Wealth Management’s holdings in Shake Shack were worth $1,853,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Shake Shack during the third quarter worth $41,000. R Squared Ltd purchased a new position in shares of Shake Shack during the fourth quarter worth $56,000. Covestor Ltd boosted its position in shares of Shake Shack by 41.6% during the third quarter. Covestor Ltd now owns 698 shares of the company’s stock worth $72,000 after buying an additional 205 shares during the period. GAMMA Investing LLC boosted its position in shares of Shake Shack by 56.3% during the fourth quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $96,000 after buying an additional 265 shares during the period. Finally, Quest Partners LLC boosted its position in shares of Shake Shack by 76.1% during the third quarter. Quest Partners LLC now owns 752 shares of the company’s stock worth $78,000 after buying an additional 325 shares during the period. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Shake Shack Stock Down 2.4 %

Shares of NYSE SHAK opened at $115.27 on Tuesday. The business has a 50-day moving average of $127.89 and a two-hundred day moving average of $114.15. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. Shake Shack Inc. has a 1 year low of $73.75 and a 1 year high of $139.89. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 678.05 and a beta of 1.86.

Insider Transactions at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total transaction of $88,281.42. Following the sale, the chief financial officer now owns 30,717 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SHAK shares. Truist Financial lowered their price target on Shake Shack from $149.00 to $143.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a report on Wednesday, January 8th. Wedbush reiterated a “neutral” rating and issued a $130.00 target price on shares of Shake Shack in a report on Wednesday, January 15th. Stifel Nicolaus decreased their target price on Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a report on Friday, January 17th. Finally, Oppenheimer lifted their target price on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Shake Shack presently has an average rating of “Hold” and a consensus price target of $123.78.

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.