Swiss National Bank Buys 1,200 Shares of Shake Shack Inc. (NYSE:SHAK)

Swiss National Bank grew its stake in Shake Shack Inc. (NYSE:SHAK) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,700 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. Swiss National Bank owned approximately 0.18% of Shake Shack worth $9,696,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SHAK. Victory Capital Management Inc. lifted its holdings in shares of Shake Shack by 47.5% in the third quarter. Victory Capital Management Inc. now owns 12,977 shares of the company’s stock valued at $1,339,000 after purchasing an additional 4,181 shares in the last quarter. KBC Group NV lifted its holdings in shares of Shake Shack by 24.1% in the third quarter. KBC Group NV now owns 1,206 shares of the company’s stock valued at $124,000 after purchasing an additional 234 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Shake Shack by 2.5% in the third quarter. Natixis Advisors LLC now owns 12,335 shares of the company’s stock valued at $1,273,000 after purchasing an additional 296 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Shake Shack by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock valued at $3,241,000 after purchasing an additional 139 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in shares of Shake Shack by 76.1% in the third quarter. Quest Partners LLC now owns 752 shares of the company’s stock valued at $78,000 after purchasing an additional 325 shares in the last quarter. Institutional investors own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. TD Securities reiterated a “buy” rating and set a $140.00 price target on shares of Shake Shack in a report on Friday, February 21st. Stifel Nicolaus dropped their price target on Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a report on Friday, January 17th. UBS Group lifted their price target on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” 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 price target on the stock in a report on Wednesday, January 8th. Finally, Oppenheimer lifted their price target on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $125.67.

Shake Shack Price Performance

Shares of NYSE SHAK opened at $90.58 on Friday. The stock has a market cap of $3.85 billion, a PE ratio of 393.83 and a beta of 1.89. Shake Shack Inc. has a fifty-two week low of $77.50 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 stock has a fifty day moving average of $107.78 and a 200-day moving average of $115.17.

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

About Shake Shack

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.