Xponance Inc. Grows Position in Shake Shack Inc. (NYSE:SHAK)

Xponance Inc. raised its stake in shares of Shake Shack Inc. (NYSE:SHAK) by 8.6% during the fourth quarter, HoldingsChannel reports. The firm owned 2,709 shares of the company’s stock after purchasing an additional 215 shares during the quarter. Xponance Inc.’s holdings in Shake Shack were worth $352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Louisiana State Employees Retirement System grew its holdings in shares of Shake Shack by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company’s stock valued at $2,518,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System grew its stake in Shake Shack by 1.7% during the 4th quarter. Arizona State Retirement System now owns 11,024 shares of the company’s stock valued at $1,431,000 after purchasing an additional 182 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Shake Shack by 1.5% in the third quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company’s stock valued at $1,372,000 after purchasing an additional 199 shares during the period. New York State Teachers Retirement System raised its stake in shares of Shake Shack by 0.5% in the fourth quarter. New York State Teachers Retirement System now owns 39,225 shares of the company’s stock worth $5,091,000 after purchasing an additional 200 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in shares of Shake Shack by 2.0% during the fourth quarter. DAVENPORT & Co LLC now owns 12,186 shares of the company’s stock worth $1,582,000 after purchasing an additional 240 shares during the period. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on SHAK shares. Wedbush increased their price target on shares of Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Oppenheimer lifted their price target on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. UBS Group upped their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Truist Financial upped their price target on shares of Shake Shack from $143.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, TD Securities reiterated a “buy” rating and issued a $140.00 price objective on shares of Shake Shack in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $124.05.

Shake Shack Trading Up 0.6 %

Shares of SHAK opened at $93.93 on Friday. Shake Shack Inc. has a 12-month low of $77.50 and a 12-month high of $139.89. The firm has a market capitalization of $4.00 billion, a P/E ratio of 408.41 and a beta of 1.89. The firm has a 50-day moving average price of $105.87 and a 200 day moving average price of $115.11. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $329.02 million. Sell-side analysts forecast that Shake Shack Inc. will post 1.26 EPS for the current year.

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.