EFG Asset Management North America Corp. Raises Stock Holdings in Shake Shack Inc. (NYSE:SHAK)

EFG Asset Management North America Corp. boosted its stake in shares of Shake Shack Inc. (NYSE:SHAK) by 83.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,852 shares of the company’s stock after purchasing an additional 16,344 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Shake Shack were worth $4,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd purchased a new stake in shares of Shake Shack during the fourth quarter valued at about $32,000. Transcendent Capital Group LLC bought a new position in shares of Shake Shack during the 4th quarter worth approximately $52,000. R Squared Ltd purchased a new stake in Shake Shack during the fourth quarter valued at approximately $56,000. Quest Partners LLC boosted its stake in Shake Shack by 76.1% in the third quarter. Quest Partners LLC now owns 752 shares of the company’s stock valued at $78,000 after acquiring an additional 325 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Shake Shack by 200.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 600 shares of the company’s stock worth $78,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

SHAK has been the subject of several analyst reports. Wedbush increased their price objective on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research note on Wednesday, January 8th. TD Securities restated a “buy” rating and set a $140.00 price target on shares of Shake Shack in a research note on Friday, February 21st. Stifel Nicolaus cut their price objective on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Shake Shack from $107.00 to $105.00 and set an “underweight” rating for the company in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $125.67.

Shake Shack Stock Performance

NYSE SHAK opened at $95.56 on Tuesday. Shake Shack Inc. has a fifty-two week low of $77.50 and a fifty-two week high of $139.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The firm has a market capitalization of $4.06 billion, a P/E ratio of 415.47 and a beta of 1.89. The stock has a 50-day simple moving average of $107.26 and a two-hundred day simple moving average of $115.40.

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