New Age Alpha Advisors LLC Purchases New Position in Shake Shack Inc. (NYSE:SHAK)

New Age Alpha Advisors LLC acquired a new position in shares of Shake Shack Inc. (NYSE:SHAK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,063 shares of the company’s stock, valued at approximately $268,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GDS Wealth Management increased its holdings in shares of Shake Shack by 253.6% during the fourth quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock worth $1,853,000 after buying an additional 10,239 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 purchasing an additional 8,429 shares in the last quarter. FMR LLC raised its position in Shake Shack by 3.6% in the third quarter. FMR LLC now owns 243,549 shares of the company’s stock valued at $25,137,000 after purchasing an additional 8,512 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Shake Shack during the fourth quarter valued at about $260,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Shake Shack during the third quarter worth about $867,000. Institutional investors own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SHAK. Oppenheimer raised their price objective on shares of Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Stifel Nicolaus dropped their price target on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Gordon Haskett raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a research note on Wednesday, January 8th. Wedbush raised their target price on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Finally, Loop Capital raised Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $124.20.

Shake Shack Price Performance

SHAK stock opened at $90.95 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. The company’s 50-day moving average is $104.20 and its 200-day moving average is $115.12. The stock has a market capitalization of $3.87 billion, a PE ratio of 395.45 and a beta of 1.89. Shake Shack Inc. has a 1 year low of $77.50 and a 1 year high of $139.89.

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