Whittier Trust Co. of Nevada Inc. Purchases 400 Shares of Shake Shack Inc. (NYSE:SHAK)

Whittier Trust Co. of Nevada Inc. increased its position in shares of Shake Shack Inc. (NYSE:SHAK) by 200.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 600 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Shake Shack were worth $78,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SHAK. State Street Corp lifted its stake in Shake Shack by 3.5% in the third quarter. State Street Corp now owns 1,452,736 shares of the company’s stock valued at $149,937,000 after buying an additional 49,324 shares in the last quarter. Holocene Advisors LP lifted its stake in Shake Shack by 68.3% in the third quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock valued at $97,673,000 after buying an additional 384,131 shares in the last quarter. Geode Capital Management LLC lifted its stake in Shake Shack by 3.1% in the third quarter. Geode Capital Management LLC now owns 876,380 shares of the company’s stock valued at $90,470,000 after buying an additional 26,620 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Shake Shack by 154.8% in the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock valued at $67,157,000 after buying an additional 395,311 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Shake Shack by 27.0% in the fourth quarter. Fisher Asset Management LLC now owns 449,796 shares of the company’s stock valued at $58,384,000 after buying an additional 95,682 shares in the last quarter. Institutional investors own 86.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SHAK. Wedbush lifted their price target on shares of Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. TD Securities reaffirmed a “buy” rating and issued a $140.00 price target on shares of Shake Shack in a research note on Friday, February 21st. UBS Group boosted their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. 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 research report on Friday, January 17th. Finally, Barclays raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $125.00 to $159.00 in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $125.67.

Shake Shack Price Performance

NYSE:SHAK opened at $90.58 on Monday. Shake Shack Inc. has a one year low of $77.50 and a one year high of $139.89. The company has a market cap of $3.85 billion, a P/E ratio of 393.83 and a beta of 1.89. The firm’s fifty day moving average price is $107.78 and its two-hundred day moving average price is $115.40. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The firm had revenue of $328.68 million for the quarter, compared to the consensus estimate of $329.02 million. Equities analysts expect 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.