22 hours Ago By Defense World Staff
Envestnet Asset Management Inc. grew its holdings in Shake Shack Inc. (NYSE:SHAK – Free Report) by 8.
3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,289 shares of the company’s stock after purchasing an additional 790 shares during the period. Envestnet Asset Management Inc.
’s holdings in Shake Shack were worth $1,336,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nemes Rush Group LLC acquired a new stake in shares of Shake Shack during the fourth quarter valued at about $29,000.
Harvest Fund Management Co. Ltd acquired a new position in Shake Shack during the fourth quarter worth $32,000. Transcendent Capital Group LLC purchased a new position in shares of Shake Shack during the fourth quarter worth $52,000.
R Squared Ltd acquired a new stake in shares of Shake Shack in the fourth quarter valued at $56,000. Finally, Whittier Trust Co. of Nevada Inc.
raised its holdings in shares of Shake Shack by 200.0% in the 4th quarter. Whittier Trust Co.
of Nevada Inc. now owns 600 shares of the company’s stock valued at $78,000 after buying an additional 400 shares during the period. 86.
07% of the stock is owned by institutional investors and hedge funds. Shake Shack Price PerformanceSHAK stock opened at $88.25 on Wednesday.
The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.
50. The company has a market capitalization of $3.75 billion, a P/E ratio of 383.
70 and a beta of 1.80. The business has a 50 day simple moving average of $90.
56 and a 200-day simple moving average of $111.71. Shake Shack Inc.
has a twelve month low of $72.93 and a twelve month high of $139.89.
Shake Shack (NYSE:SHAK – Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
25 by $0.01. Shake Shack had a net margin of 0.
81% and a return on equity of 8.40%. The company had revenue of $328.
68 million for the quarter, compared to the consensus estimate of $329.02 million. As a group, equities analysts anticipate that Shake Shack Inc.
will post 1.26 EPS for the current year. Wall Street Analyst Weigh InA number of brokerages have issued reports on SHAK.
Oppenheimer cut their price target on shares of Shake Shack from $155.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th.
Wells Fargo & Company initiated coverage on shares of Shake Shack in a report on Wednesday, March 26th. They set an “equal weight” rating and a $95.00 target price on the stock.
Wedbush raised their price target on shares of Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, February 21st.
Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, Truist Financial decreased their target price on Shake Shack from $154.
00 to $131.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock.
Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.38.
View Our Latest Analysis on SHAKShake Shack Company Profile (Free Report)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.
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