Fisher Asset Management LLC Has $58.38 Million Stock Holdings in Shake Shack Inc. (NYSE:SHAK)

Fisher Asset Management LLC lifted its stake in Shake Shack Inc. (NYSE:SHAK) by 27.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 449,796 shares of the company’s stock after acquiring an additional 95,682 shares during the quarter. Fisher Asset Management LLC owned approximately 1.06% of Shake Shack worth $58,384,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SHAK. Point72 Asset Management L.P. grew its stake in Shake Shack by 154.8% in the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock valued at $67,157,000 after purchasing an additional 395,311 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Shake Shack in the 3rd quarter valued at approximately $39,677,000. Holocene Advisors LP grew its stake in shares of Shake Shack by 68.3% in the third quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock valued at $97,673,000 after buying an additional 384,131 shares in the last quarter. Paloma Partners Management Co acquired a new position in Shake Shack during the third quarter worth $18,626,000. Finally, Jennison Associates LLC raised its position in Shake Shack by 27.7% during the fourth quarter. Jennison Associates LLC now owns 375,552 shares of the company’s stock worth $48,747,000 after acquiring an additional 81,441 shares in the last quarter. Institutional investors own 86.07% of the company’s stock.

Insider Buying and Selling at Shake Shack

In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the transaction, the chief financial officer now directly owns 30,717 shares of the company’s stock, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.73% of the company’s stock.

Shake Shack Price Performance

NYSE:SHAK opened at $108.36 on Friday. 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 has a market cap of $4.60 billion, a price-to-earnings ratio of 471.11 and a beta of 1.86. Shake Shack Inc. has a 52 week low of $77.50 and a 52 week high of $139.89. The firm’s 50-day simple moving average is $119.92 and its 200 day simple moving average is $116.70.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. 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 report on Tuesday, January 7th. Wedbush lifted their price target on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Oppenheimer upped their price objective on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $125.00 to $159.00 in a research report on Tuesday, January 7th. Finally, TD Securities reissued a “buy” rating and set a $140.00 target price on shares of Shake Shack in a report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Shake Shack has an average rating of “Hold” and an average price target of $125.50.

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.