Bridge City Capital LLC Boosts Stock Holdings in Shake Shack Inc. (NYSE:SHAK)

Bridge City Capital LLC boosted its position in shares of Shake Shack Inc. (NYSE:SHAK) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,495 shares of the company’s stock after buying an additional 243 shares during the period. Bridge City Capital LLC owned 0.06% of Shake Shack worth $3,569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Shake Shack during the 4th quarter worth approximately $32,000. Transcendent Capital Group LLC acquired a new position in Shake Shack in the fourth quarter valued at approximately $52,000. R Squared Ltd acquired a new position in Shake Shack in the fourth quarter valued at approximately $56,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Shake Shack by 200.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 600 shares of the company’s stock valued at $78,000 after acquiring an additional 400 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in Shake Shack by 619.4% in the fourth quarter. Signaturefd LLC now owns 705 shares of the company’s stock valued at $92,000 after acquiring an additional 607 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on SHAK shares. 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 report on Tuesday, January 7th. Wedbush upped their price objective on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Oppenheimer upped their price target on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. 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 note on Wednesday, January 8th. Finally, TD Securities restated a “buy” rating and set a $140.00 price target on shares of Shake Shack in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $125.67.

Shake Shack Stock Performance

NYSE:SHAK opened at $90.58 on Friday. The firm has a market capitalization of $3.85 billion, a PE ratio of 393.83 and a beta of 1.89. The business’s fifty day moving average price is $107.78 and its 200 day moving average price is $115.29. 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 Inc. has a 12 month low of $77.50 and a 12 month high of $139.89.

Shake Shack (NYSE:SHAK) last posted its earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $328.68 million for the quarter, compared to analyst estimates of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. On average, sell-side analysts anticipate that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

About Shake Shack

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.