Silvercrest Asset Management Group LLC Purchases 482 Shares of Shake Shack Inc. (NYSE:SHAK)

Silvercrest Asset Management Group LLC grew its position in shares of Shake Shack Inc. (NYSE:SHAK) by 11.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,739 shares of the company’s stock after buying an additional 482 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Shake Shack were worth $615,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SHAK. Nemes Rush Group LLC bought a new position in Shake Shack during the 4th quarter worth $29,000. Harvest Fund Management Co. Ltd bought a new position in Shake Shack during the 4th quarter worth $32,000. Transcendent Capital Group LLC bought a new position in Shake Shack during the 4th quarter worth $52,000. R Squared Ltd bought a new position in Shake Shack during the 4th quarter worth $56,000. Finally, Montag & Caldwell LLC bought a new position in Shake Shack during the 4th quarter worth $68,000. Institutional investors own 86.07% of the company’s stock.

Wall Street Analysts Forecast Growth

SHAK has been the topic of several recent research reports. Robert W. Baird increased their price objective on Shake Shack from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Wedbush raised their price target on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Raymond James restated a “strong-buy” rating and issued a $140.00 price target (down previously from $145.00) on shares of Shake Shack in a research report on Friday, May 2nd. Loop Capital upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research report on Tuesday, April 1st. Finally, Stifel Nicolaus decreased their price target on Shake Shack from $120.00 to $97.00 and set a “hold” rating on the stock in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Shake Shack currently has a consensus rating of “Hold” and a consensus price target of $113.40.

Shake Shack Stock Performance

Shake Shack stock opened at $117.07 on Wednesday. Shake Shack Inc. has a 12-month low of $72.93 and a 12-month high of $139.89. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $92.49 and its two-hundred day moving average price is $111.03. The stock has a market cap of $5.00 billion, a PE ratio of 509.00 and a beta of 1.61.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The business had revenue of $320.90 million during the quarter, compared to the consensus estimate of $330.24 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The business’s revenue was up 10.5% on a year-over-year basis. As a group, analysts expect that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

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.