Gamco Investors INC. ET AL grew its stake in Shake Shack Inc. (NYSE:SHAK – Get Rating) by 26.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,054 shares of the company’s stock after purchasing an additional 4,257 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Shake Shack were worth $833,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of SHAK. Wealthcare Advisory Partners LLC lifted its position in shares of Shake Shack by 2.3% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 13,549 shares of the company’s stock worth $563,000 after buying an additional 310 shares in the last quarter. Credit Suisse AG boosted its position in Shake Shack by 140.4% in the fourth quarter. Credit Suisse AG now owns 89,508 shares of the company’s stock worth $3,717,000 after purchasing an additional 52,268 shares during the last quarter. Geode Capital Management LLC grew its stake in Shake Shack by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 662,444 shares of the company’s stock valued at $27,511,000 after purchasing an additional 19,062 shares during the period. American Century Companies Inc. bought a new position in Shake Shack in the 4th quarter valued at $230,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Shake Shack by 17.5% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,937 shares of the company’s stock valued at $1,659,000 after purchasing an additional 5,942 shares during the last quarter. Hedge funds and other institutional investors own 83.55% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Cowen increased their price target on shares of Shake Shack from $53.00 to $58.00 and gave the company a “market perform” rating in a research report on Friday, February 17th. TheStreet raised shares of Shake Shack from a “d+” rating to a “c-” rating in a research report on Monday, May 15th. Wedbush lifted their price target on shares of Shake Shack from $56.00 to $59.00 in a report on Friday, May 5th. UBS Group increased their price objective on Shake Shack from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, May 8th. Finally, BTIG Research boosted their target price on Shake Shack from $65.00 to $75.00 in a research note on Friday, May 5th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $63.64.
Shake Shack Stock Down 0.4 %
Shake Shack (NYSE:SHAK – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.08. Shake Shack had a negative net margin of 1.63% and a negative return on equity of 1.19%. The business had revenue of $253.30 million during the quarter, compared to analysts’ expectations of $245.84 million. During the same quarter in the previous year, the company earned ($0.19) EPS. The business’s quarterly revenue was up 24.5% compared to the same quarter last year. As a group, sell-side analysts predict that Shake Shack Inc. will post 0.15 EPS for the current fiscal year.
Shake Shack Company Profile
Shake Shack, Inc engages in the operation and licensing of Shake Shack restaurants which serve burgers, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and more. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.
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