Illinois Municipal Retirement Fund Increases Stock Holdings in Shake Shack Inc. (NYSE:SHAK)

Illinois Municipal Retirement Fund increased its stake in shares of Shake Shack Inc. (NYSE:SHAK) by 5.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,595 shares of the company’s stock after purchasing an additional 1,055 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Shake Shack were worth $2,673,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. GDS Wealth Management increased its position in Shake Shack by 253.6% during the fourth quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock valued at $1,853,000 after acquiring an additional 10,239 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Shake Shack by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 354,114 shares of the company’s stock worth $36,548,000 after purchasing an additional 16,097 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Shake Shack by 7.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 353,501 shares of the company’s stock valued at $36,485,000 after purchasing an additional 24,813 shares during the last quarter. FMR LLC grew its holdings in Shake Shack by 3.6% during the 3rd 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. Finally, Jennison Associates LLC raised its position in Shake Shack by 10.8% in the 3rd quarter. Jennison Associates LLC now owns 294,111 shares of the company’s stock worth $30,355,000 after purchasing an additional 28,661 shares during the period. Hedge funds and other 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 stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the sale, the chief financial officer now directly owns 30,717 shares in the company, valued at approximately $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.73% of the stock is owned by insiders.

Shake Shack Price Performance

Shares of SHAK stock opened at $106.81 on Friday. The company has a market cap of $4.54 billion, a P/E ratio of 464.40 and a beta of 1.86. 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 stock’s 50-day moving average is $120.33 and its 200 day moving average is $116.57. Shake Shack Inc. has a 1-year low of $77.50 and a 1-year high of $139.89.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business 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%. Research analysts predict that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SHAK has been the subject of several recent analyst reports. Wedbush boosted their target price on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Oppenheimer boosted their price objective on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research note on Wednesday, January 8th. Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $125.00 to $159.00 in a research report on Tuesday, January 7th. Finally, TD Securities restated a “buy” rating and issued a $140.00 price target on shares of Shake Shack in a report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.