Xponance Inc. Boosts Holdings in Shake Shack Inc. (NYSE:SHAK)

Xponance Inc. grew its position in Shake Shack Inc. (NYSE:SHAK) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,709 shares of the company’s stock after acquiring an additional 215 shares during the quarter. Xponance Inc.’s holdings in Shake Shack were worth $352,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SHAK. GDS Wealth Management lifted its stake in Shake Shack by 253.6% in the fourth 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 during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Shake Shack by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company’s stock worth $46,979,000 after buying an additional 8,429 shares during the period. FMR LLC lifted 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 acquiring an additional 8,512 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in Shake Shack during the 4th quarter valued at $260,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Shake Shack in the 3rd quarter valued at $867,000. Institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Up 0.6 %

NYSE:SHAK opened at $93.93 on Friday. The company’s 50-day simple moving average is $105.87 and its 200-day simple moving average is $115.11. 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 fifty-two week low of $77.50 and a fifty-two week high of $139.89. The stock has a market capitalization of $4.00 billion, a P/E ratio of 408.41 and a beta of 1.89.

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

Wall Street Analysts Forecast Growth

SHAK has been the subject of several research analyst reports. Wedbush lifted their target price on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. 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 report on Thursday, March 20th. UBS Group upped their target price on shares of Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Oppenheimer lifted their price target on shares of Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus dropped their price objective on Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $124.05.

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.