State of Wyoming Boosts Stock Position in Shake Shack Inc. (NYSE:SHAK)

State of Wyoming lifted its position in Shake Shack Inc. (NYSE:SHAK) by 26.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,543 shares of the company’s stock after purchasing an additional 745 shares during the quarter. State of Wyoming’s holdings in Shake Shack were worth $460,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Shake Shack by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company’s stock worth $574,497,000 after purchasing an additional 49,883 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Shake Shack by 30.7% in the 4th quarter. Invesco Ltd. now owns 1,245,093 shares of the company’s stock worth $161,613,000 after purchasing an additional 292,348 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Shake Shack by 17.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company’s stock worth $116,078,000 after purchasing an additional 134,475 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Shake Shack by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 760,595 shares of the company’s stock worth $98,726,000 after purchasing an additional 19,320 shares in the last quarter. Finally, Wasatch Advisors LP boosted its holdings in shares of Shake Shack by 1.8% in the 4th quarter. Wasatch Advisors LP now owns 566,425 shares of the company’s stock worth $73,522,000 after purchasing an additional 10,147 shares in the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SHAK has been the subject of several analyst reports. Barclays dropped their target price on Shake Shack from $155.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Oppenheimer dropped their target price on Shake Shack from $155.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. dropped their target price on Shake Shack from $105.00 to $100.00 and set an “underweight” rating for the company in a report on Monday, May 5th. Loop Capital upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a report on Tuesday, April 1st. Finally, TD Cowen cut Shake Shack from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a report on Monday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $113.40.

Shake Shack Trading Down 1.5%

SHAK opened at $117.39 on Tuesday. Shake Shack Inc. has a one year low of $72.93 and a one year high of $139.89. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 510.39 and a beta of 1.61. The business has a 50 day simple moving average of $91.81 and a two-hundred day simple moving average of $110.98. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The firm had revenue of $320.90 million during the quarter, compared to the consensus estimate of $330.24 million. During the same period in the prior year, the company posted $0.13 EPS. The firm’s revenue was up 10.5% on a year-over-year basis. Analysts predict that Shake Shack Inc. will post 1.26 EPS for the current 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.