WINTON GROUP Ltd Makes New $1.34 Million Investment in Shake Shack Inc. (NYSE:SHAK)

WINTON GROUP Ltd purchased a new position in shares of Shake Shack Inc. (NYSE:SHAK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,315 shares of the company’s stock, valued at approximately $1,339,000.

A number of other hedge funds have also recently made changes to their positions in the business. GDS Wealth Management raised its position in Shake Shack by 253.6% in the 4th quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock worth $1,853,000 after purchasing an additional 10,239 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Shake Shack by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company’s stock worth $46,979,000 after acquiring an additional 8,429 shares during the last quarter. FMR LLC grew its holdings in Shake Shack by 3.6% in the 3rd quarter. FMR LLC now owns 243,549 shares of the company’s stock worth $25,137,000 after acquiring an additional 8,512 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Shake Shack in the fourth quarter valued at about $260,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Shake Shack during the third quarter worth about $867,000. 86.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group upped 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 raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research note on Wednesday, January 8th. Oppenheimer raised their price objective on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. TD Securities reiterated a “buy” rating and set a $140.00 target price on shares of Shake Shack in a report on Friday, February 21st. Finally, Wells Fargo & Company began coverage on Shake Shack in a research note on Wednesday. They issued an “equal weight” rating and a $95.00 target price for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Shake Shack currently has an average rating of “Hold” and an average price target of $124.05.

Shake Shack Stock Performance

Shares of Shake Shack stock opened at $93.93 on Friday. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 408.41 and a beta of 1.89. 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 1 year low of $77.50 and a 1 year high of $139.89. The firm’s 50-day moving average is $105.87 and its 200 day moving average is $115.11.

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