Cibc World Markets Corp Takes $462,000 Position in Shake Shack Inc. (NYSE:SHAK)

Cibc World Markets Corp acquired a new stake in shares of Shake Shack Inc. (NYSE:SHAK) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,558 shares of the company’s stock, valued at approximately $462,000.

Other large investors have also made changes to their positions in the company. Transcendent Capital Group LLC acquired a new stake in Shake Shack during the fourth quarter valued at approximately $52,000. R Squared Ltd bought a new stake in shares of Shake Shack in the 4th quarter valued at approximately $56,000. Quest Partners LLC grew its stake in shares of Shake Shack by 76.1% in the 3rd quarter. Quest Partners LLC now owns 752 shares of the company’s stock valued at $78,000 after purchasing an additional 325 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Shake Shack in the 4th quarter valued at approximately $93,000. Finally, GAMMA Investing LLC grew its stake in shares of Shake Shack by 56.3% in the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $96,000 after purchasing an additional 265 shares during the period. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Stock Performance

SHAK stock opened at $90.58 on Monday. The business’s fifty day moving average is $107.78 and its 200-day moving average is $115.40. 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 market cap of $3.85 billion, a P/E ratio of 393.83 and a beta of 1.89. Shake Shack Inc. has a twelve month low of $77.50 and a twelve month high of $139.89.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $328.68 million for 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%. Equities research analysts forecast that Shake Shack Inc. will post 1.26 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SHAK shares. Stifel Nicolaus lowered their price objective on Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. lowered their price objective on Shake Shack from $107.00 to $105.00 and set an “underweight” rating on the stock in a research note on Thursday. Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $125.00 to $159.00 in a research note on Tuesday, January 7th. Wedbush increased their price target on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Finally, Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $125.67.

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.