Shake Shack Inc. (NYSE:SHAK) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC raised its holdings in shares of Shake Shack Inc. (NYSE:SHAK) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,610 shares of the company’s stock after purchasing an additional 1,751 shares during the period. Larson Financial Group LLC’s holdings in Shake Shack were worth $5,271,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GDS Wealth Management boosted its stake in Shake Shack by 253.6% in the 4th quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock worth $1,853,000 after purchasing an additional 10,239 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Shake Shack by 4.8% during the third quarter. Fisher Asset Management LLC now owns 354,114 shares of the company’s stock worth $36,548,000 after buying an additional 16,097 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Shake Shack by 7.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 353,501 shares of the company’s stock valued at $36,485,000 after buying an additional 24,813 shares during the last quarter. FMR LLC increased its position in shares of Shake Shack by 3.6% in the 3rd quarter. FMR LLC now owns 243,549 shares of the company’s stock valued at $25,137,000 after acquiring an additional 8,512 shares during the period. Finally, Jennison Associates LLC raised its stake in Shake Shack by 10.8% in the 3rd quarter. Jennison Associates LLC now owns 294,111 shares of the company’s stock worth $30,355,000 after acquiring an additional 28,661 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Performance

SHAK opened at $92.64 on Friday. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 402.78 and a beta of 1.89. The firm’s fifty day simple moving average is $117.32 and its two-hundred day simple moving average is $116.41. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. Shake Shack Inc. has a 52-week low of $77.50 and a 52-week high of $139.89.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $328.68 million during the quarter, compared to analyst estimates of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. Equities analysts anticipate that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Katherine Irene Fogertey sold 642 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the transaction, the chief financial officer now directly 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 legal filing with the SEC, which can be accessed through the SEC website. 9.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on SHAK. Wedbush boosted their price target on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” 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 stock a “neutral” rating in a report on Tuesday, January 7th. 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 research report on Tuesday, January 7th. Gordon Haskett raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Wednesday, January 8th. Finally, TD Securities reissued a “buy” rating and set a $140.00 target price on shares of Shake Shack in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $125.50.

About Shake Shack

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.