Nicholas Investment Partners LP Takes Position in Shake Shack Inc. (NYSE:SHAK)

Nicholas Investment Partners LP acquired a new position in Shake Shack Inc. (NYSE:SHAK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 76,190 shares of the company’s stock, valued at approximately $9,889,000. Nicholas Investment Partners LP owned about 0.18% of Shake Shack as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SHAK. Nemes Rush Group LLC bought a new position in Shake Shack during the fourth quarter worth $29,000. Harvest Fund Management Co. Ltd bought a new position in shares of Shake Shack in the 4th quarter worth about $32,000. Transcendent Capital Group LLC acquired a new position in shares of Shake Shack in the 4th quarter valued at about $52,000. R Squared Ltd bought a new stake in shares of Shake Shack during the 4th quarter valued at about $56,000. Finally, Montag & Caldwell LLC acquired a new stake in Shake Shack during the fourth quarter worth approximately $68,000. Institutional investors own 86.07% of the company’s stock.

Wall Street Analysts Forecast Growth

SHAK has been the topic of a number of research analyst reports. Robert W. Baird increased their price target on Shake Shack from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. TD Securities reiterated a “buy” rating and set a $105.00 price objective on shares of Shake Shack in a report on Thursday, May 1st. JPMorgan Chase & Co. cut their price objective on shares of Shake Shack from $105.00 to $100.00 and set an “underweight” rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company assumed coverage on Shake Shack in a research report on Wednesday, March 26th. They issued an “equal weight” rating and a $95.00 target price for the company. Finally, Barclays cut their price target on Shake Shack from $155.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.95.

Shake Shack Stock Up 0.8%

Shake Shack stock opened at $113.90 on Wednesday. Shake Shack Inc. has a fifty-two week low of $72.93 and a fifty-two week 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 firm’s 50-day simple moving average is $89.52 and its 200 day simple moving average is $111.09. The stock has a market cap of $4.84 billion, a PE ratio of 495.22 and a beta of 1.61.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The business had revenue of $320.90 million during the quarter, compared to analysts’ expectations of $330.24 million. During the same quarter in the previous year, the firm earned $0.13 EPS. Shake Shack’s quarterly revenue was up 10.5% on a year-over-year basis. Research analysts predict 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.