Los Angeles Capital Management LLC Purchases 11,435 Shares of Shake Shack Inc. (NYSE:SHAK)

Los Angeles Capital Management LLC grew its holdings in Shake Shack Inc. (NYSE:SHAK) by 159.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 18,587 shares of the company’s stock after buying an additional 11,435 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Shake Shack were worth $2,413,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Transcendent Capital Group LLC purchased a new stake in Shake Shack in the fourth quarter worth $52,000. Olympiad Research LP purchased a new position in Shake Shack during the 4th quarter valued at $439,000. Handelsbanken Fonder AB raised its holdings in Shake Shack by 15.6% in the 4th quarter. Handelsbanken Fonder AB now owns 8,900 shares of the company’s stock worth $1,155,000 after purchasing an additional 1,200 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of Shake Shack in the 4th quarter worth about $444,000. Finally, Global Retirement Partners LLC boosted its stake in shares of Shake Shack by 856.1% during the 4th quarter. Global Retirement Partners LLC now owns 784 shares of the company’s stock valued at $102,000 after purchasing an additional 702 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Oppenheimer increased their price target on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Wedbush raised their target price on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” 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 company a “neutral” rating in a research report on Tuesday, January 7th. 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, Barclays upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $125.00 to $159.00 in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $125.50.

Shake Shack Price Performance

Shares of NYSE SHAK opened at $106.81 on Friday. The firm has a market cap of $4.54 billion, a P/E ratio of 464.40 and a beta of 1.86. Shake Shack Inc. has a twelve month low of $77.50 and a twelve month high of $139.89. 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 company has a 50 day moving average of $120.33 and a 200 day moving average of $116.57.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping the consensus estimate 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%. As a group, research analysts expect that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Insider Buying and Selling at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 642 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the sale, the chief financial officer now directly owns 30,717 shares in the company, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.73% of the company’s stock.

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.