ExodusPoint Capital Management LP Invests $4.18 Million in Shake Shack Inc. (NYSE:SHAK)

ExodusPoint Capital Management LP purchased a new stake in Shake Shack Inc. (NYSE:SHAK) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 32,209 shares of the company’s stock, valued at approximately $4,181,000.

Other large investors have also recently bought and sold shares of the company. Nemes Rush Group LLC acquired a new stake in Shake Shack during the 4th quarter worth approximately $29,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Shake Shack during the fourth quarter worth $32,000. Transcendent Capital Group LLC purchased a new position in Shake Shack in the 4th quarter valued at $52,000. R Squared Ltd acquired a new position in Shake Shack in the 4th quarter valued at $56,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Shake Shack by 200.0% during the 4th 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 last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Shake Shack from $143.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Wedbush boosted 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. decreased their price target 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. Oppenheimer upped their price objective on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $125.00 to $159.00 in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $124.20.

Shake Shack Stock Performance

NYSE SHAK opened at $78.46 on Monday. 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 fifty-two week low of $72.98 and a fifty-two week high of $139.89. The business has a fifty day moving average of $102.14 and a 200-day moving average of $114.77. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 341.15 and a beta of 1.80.

Shake Shack (NYSE:SHAK) last released 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. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The firm had revenue of $328.68 million for the quarter, compared to the consensus estimate of $329.02 million. As a group, analysts predict that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

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.