Shake Shack Inc. (NYSE:SHAK) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its stake in Shake Shack Inc. (NYSE:SHAK) by 204.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 324,109 shares of the company’s stock after purchasing an additional 217,493 shares during the period. Ameriprise Financial Inc.’s holdings in Shake Shack were worth $42,064,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SHAK. Algert Global LLC increased its holdings in Shake Shack by 579.9% during the 4th quarter. Algert Global LLC now owns 38,346 shares of the company’s stock valued at $4,977,000 after acquiring an additional 32,706 shares in the last quarter. AXA S.A. increased its holdings in Shake Shack by 596.2% during the 4th quarter. AXA S.A. now owns 118,223 shares of the company’s stock valued at $15,345,000 after acquiring an additional 101,242 shares in the last quarter. PDT Partners LLC purchased a new position in Shake Shack during the 4th quarter valued at about $1,238,000. AQR Capital Management LLC increased its holdings in Shake Shack by 89.7% during the 4th quarter. AQR Capital Management LLC now owns 52,489 shares of the company’s stock valued at $6,813,000 after acquiring an additional 24,818 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Shake Shack by 11.6% during the 4th quarter. Northern Trust Corp now owns 424,066 shares of the company’s stock valued at $55,044,000 after acquiring an additional 43,997 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SHAK. Oppenheimer dropped their target price on shares of Shake Shack from $155.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Truist Financial lowered their price target on shares of Shake Shack from $154.00 to $131.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Loop Capital upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a report on Tuesday, April 1st. TD Securities reiterated a “buy” rating and set a $105.00 price target on shares of Shake Shack in a report on Thursday, May 1st. Finally, Barclays lowered their price target on shares of Shake Shack from $155.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.95.

Shake Shack Price Performance

Shake Shack stock opened at $104.92 on Monday. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 456.17 and a beta of 1.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. Shake Shack Inc. has a 1 year low of $72.93 and a 1 year high of $139.89. The firm has a 50 day moving average price of $88.83 and a 200 day moving average price of $111.05.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The business had revenue of $320.90 million for the quarter, compared to analyst estimates of $330.24 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. Sell-side analysts predict that Shake Shack Inc. will post 1.26 earnings per share for the current year.

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.