39,329 Shares in Shake Shack Inc. (NYSE:SHAK) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Shake Shack Inc. (NYSE:SHAK) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 39,329 shares of the company’s stock, valued at approximately $5,105,000.

A number of other institutional investors also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Shake Shack by 3.5% in the third quarter. State Street Corp now owns 1,452,736 shares of the company’s stock valued at $149,937,000 after purchasing an additional 49,324 shares in the last quarter. Holocene Advisors LP boosted its position in Shake Shack by 68.3% in the 3rd 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 increased its stake in shares of Shake Shack by 3.1% in the 3rd 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 period. Point72 Asset Management L.P. raised its position in shares of Shake Shack by 154.8% during the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock worth $67,157,000 after acquiring an additional 395,311 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its stake in shares of Shake Shack by 4.7% during the third quarter. Champlain Investment Partners LLC now owns 614,747 shares of the company’s stock valued at $63,448,000 after acquiring an additional 27,707 shares during the period. 86.07% of the stock is owned by institutional investors.

Shake Shack Price Performance

NYSE SHAK opened at $102.68 on Tuesday. 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 Inc. has a 52-week low of $77.50 and a 52-week high of $139.89. The business has a 50 day simple moving average of $119.92 and a 200 day simple moving average of $116.78. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 446.43 and a beta of 1.86.

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

Insider Activity

In other news, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the sale, the chief financial officer now directly owns 30,717 shares in the company, valued at $4,223,894.67. This trade represents 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 available at the SEC website. Corporate insiders own 9.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Oppenheimer lifted their price objective on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Barclays raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. Stifel Nicolaus cut their price objective on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a report on Friday, January 17th. TD Securities reiterated a “buy” rating and set a $140.00 target price on shares of Shake Shack in a research report on Friday, February 21st. Finally, Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.