Bridge City Capital LLC Raises Holdings in Shake Shack Inc. (NYSE:SHAK)

Bridge City Capital LLC grew its position in shares of Shake Shack Inc. (NYSE:SHAK) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 27,495 shares of the company’s stock after buying an additional 243 shares during the quarter. Bridge City Capital LLC’s holdings in Shake Shack were worth $3,569,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SHAK. Harvest Fund Management Co. Ltd purchased a new position in shares of Shake Shack during the fourth quarter worth about $32,000. Transcendent Capital Group LLC acquired a new stake in shares of Shake Shack during the fourth quarter worth about $52,000. R Squared Ltd acquired a new stake in shares of Shake Shack during the fourth quarter worth about $56,000. Quest Partners LLC boosted its stake in shares of Shake Shack by 76.1% during the third quarter. Quest Partners LLC now owns 752 shares of the company’s stock worth $78,000 after buying an additional 325 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Shake Shack by 200.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 600 shares of the company’s stock worth $78,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Trading Down 0.1 %

Shares of Shake Shack stock opened at $90.58 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average of $107.78 and a two-hundred day moving average of $115.29. Shake Shack Inc. has a 12-month low of $77.50 and a 12-month high of $139.89. The stock has a market cap of $3.85 billion, a PE ratio of 393.83 and a beta of 1.89.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on SHAK. JPMorgan Chase & Co. decreased their target price on shares of Shake Shack from $107.00 to $105.00 and set an “underweight” rating for the company in a research note on Thursday. Oppenheimer increased their target price on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Stifel Nicolaus reduced their price objective on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a research report on Friday, January 17th. Wedbush raised their price objective on shares of Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Finally, Truist Financial raised their price objective on shares of Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $125.67.

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.