Truvestments Capital LLC Increases Stake in Shake Shack Inc. (NYSE:SHAK)

Truvestments Capital LLC raised its position in Shake Shack Inc. (NYSE:SHAK) by 14.3% during the fourth quarter, HoldingsChannel reports. The firm owned 12,124 shares of the company’s stock after purchasing an additional 1,518 shares during the period. Truvestments Capital LLC’s holdings in Shake Shack were worth $1,574,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Transcendent Capital Group LLC purchased a new stake in Shake Shack during the fourth quarter worth approximately $52,000. R Squared Ltd acquired a new stake in Shake Shack in the fourth quarter valued at $56,000. Covestor Ltd lifted its position in shares of Shake Shack by 41.6% in the third quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after acquiring an additional 205 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Shake Shack in the fourth quarter valued at $93,000. Finally, GAMMA Investing LLC lifted its position in shares of Shake Shack by 56.3% in the fourth quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $96,000 after acquiring an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Trading Down 1.7 %

Shake Shack stock opened at $86.91 on Wednesday. Shake Shack Inc. has a 52 week low of $77.50 and a 52 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 stock has a market capitalization of $3.70 billion, a P/E ratio of 377.85 and a beta of 1.89. The stock has a 50-day simple moving average of $115.69 and a 200 day simple moving average of $116.36.

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

Analysts Set New Price Targets

A number of research firms have recently commented on SHAK. Oppenheimer raised their price objective on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. TD Securities reissued a “buy” rating and issued a $140.00 price target on shares of Shake Shack in a report on Friday, February 21st. Stifel Nicolaus reduced their price target on Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a research report on Friday, January 17th. Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a report on Wednesday, January 8th. Finally, UBS Group upped their price target on Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $125.50.

Shake Shack 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.