New Age Alpha Advisors LLC Makes New $268,000 Investment in Shake Shack Inc. (NYSE:SHAK)

New Age Alpha Advisors LLC acquired a new position in Shake Shack Inc. (NYSE:SHAK) in the 4th quarter, HoldingsChannel reports. The firm acquired 2,063 shares of the company’s stock, valued at approximately $268,000.

A number of other large investors also recently modified their holdings of SHAK. Point72 Asset Management L.P. raised its position in Shake Shack by 154.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock valued at $67,157,000 after buying an additional 395,311 shares during the last quarter. Cookson Peirce & Co. Inc. bought a new stake in shares of Shake Shack in the 4th quarter worth $26,756,000. Norges Bank purchased a new stake in shares of Shake Shack in the fourth quarter valued at about $15,409,000. Fisher Asset Management LLC lifted its position in shares of Shake Shack by 27.0% during the fourth quarter. Fisher Asset Management LLC now owns 449,796 shares of the company’s stock valued at $58,384,000 after purchasing an additional 95,682 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in Shake Shack by 27.7% during the fourth quarter. Jennison Associates LLC now owns 375,552 shares of the company’s stock worth $48,747,000 after purchasing an additional 81,441 shares during the last quarter. Institutional investors own 86.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Truist Financial increased their price objective on shares of Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, February 21st. UBS Group lifted their price target on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Wedbush upped their price objective on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. lowered their target price 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. Finally, Oppenheimer boosted their price target on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Shake Shack currently has a consensus rating of “Hold” and a consensus price target of $124.20.

Shake Shack Trading Up 3.2 %

Shares of SHAK opened at $90.95 on Wednesday. Shake Shack Inc. has a twelve month low of $77.50 and a twelve month high of $139.89. The stock has a market cap of $3.87 billion, a PE ratio of 395.45 and a beta of 1.89. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $104.20 and its 200-day moving average price is $115.12.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $328.68 million during the quarter, compared to the consensus estimate of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. On average, equities analysts forecast that Shake Shack Inc. will post 1.26 EPS 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.