Bryce Point Capital LLC Invests $1.56 Million in Shake Shack Inc. (NYSE:SHAK)

Bryce Point Capital LLC purchased a new stake in Shake Shack Inc. (NYSE:SHAK) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,993 shares of the company’s stock, valued at approximately $1,557,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SHAK. Vanguard Group Inc. lifted its position in shares of Shake Shack by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company’s stock worth $574,497,000 after buying an additional 49,883 shares during the last quarter. State Street Corp lifted its position 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 acquiring an additional 49,324 shares during the last quarter. Geode Capital Management LLC boosted 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 acquiring an additional 26,620 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Shake Shack by 154.8% during the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock worth $67,157,000 after purchasing an additional 395,311 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Shake Shack by 27.0% during the fourth quarter. Fisher Asset Management LLC now owns 449,796 shares of the company’s stock worth $58,384,000 after purchasing an additional 95,682 shares in the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Shake Shack Trading Up 3.2 %

NYSE:SHAK opened at $90.95 on Wednesday. Shake Shack Inc. has a 1 year low of $77.50 and a 1 year high of $139.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The stock has a fifty day moving average price of $104.20 and a two-hundred day moving average price of $115.12. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 395.45 and a beta of 1.89.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on SHAK shares. Oppenheimer raised 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. Wells Fargo & Company assumed coverage on shares of Shake Shack in a research report on Wednesday, March 26th. They set an “equal weight” rating and a $95.00 target price on the stock. TD Securities reiterated a “buy” rating and issued a $140.00 price target on shares of Shake Shack in a research report on Friday, February 21st. UBS Group lifted their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $124.20.

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.