ExodusPoint Capital Management LP Makes New Investment in Shake Shack Inc. (NYSE:SHAK)

ExodusPoint Capital Management LP purchased a new stake in shares of Shake Shack Inc. (NYSE:SHAK) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 32,209 shares of the company’s stock, valued at approximately $4,181,000. ExodusPoint Capital Management LP owned about 0.08% of Shake Shack at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Nemes Rush Group LLC acquired a new stake in Shake Shack during the fourth quarter worth $29,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Shake Shack during the 4th quarter worth about $32,000. Transcendent Capital Group LLC purchased a new stake in Shake Shack in the 4th quarter valued at about $52,000. R Squared Ltd acquired a new position in Shake Shack in the fourth quarter valued at about $56,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Shake Shack by 200.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 600 shares of the company’s stock worth $78,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Down 6.8 %

Shares of NYSE SHAK opened at $78.46 on Monday. Shake Shack Inc. has a 1 year low of $72.98 and a 1 year high of $139.89. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 341.15 and a beta of 1.80. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. The business has a 50-day moving average of $102.14 and a two-hundred day moving average of $114.77.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Loop Capital raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research note on Tuesday, April 1st. Oppenheimer boosted their target price on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price on Shake Shack from $107.00 to $105.00 and set an “underweight” rating on the stock in a research note on Thursday, March 20th. Finally, Wedbush lifted their target price on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $124.20.

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.