Cinctive Capital Management LP Boosts Stock Position in Shake Shack Inc. (NYSE:SHAK)

Cinctive Capital Management LP increased its stake in shares of Shake Shack Inc. (NYSE:SHAK) by 62.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,208 shares of the company’s stock after buying an additional 22,775 shares during the quarter. Cinctive Capital Management LP owned about 0.14% of Shake Shack worth $7,685,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHAK. Charles Schwab Investment Management Inc. boosted its position in shares of 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 acquiring an additional 24,813 shares during the last quarter. FMR LLC boosted its holdings in Shake Shack by 3.6% in 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. BNP Paribas Financial Markets grew its stake in shares of Shake Shack by 30.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,588 shares of the company’s stock valued at $3,776,000 after buying an additional 8,606 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Shake Shack during the 3rd quarter worth approximately $867,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Shake Shack by 4.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,673 shares of the company’s stock valued at $895,000 after buying an additional 333 shares during the period. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Stock Performance

NYSE:SHAK opened at $90.95 on Wednesday. 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 firm has a market cap of $3.87 billion, a price-to-earnings ratio of 395.45 and a beta of 1.89. The firm’s fifty day moving average price is $104.20 and its 200 day moving average price is $115.12. Shake Shack Inc. has a 1-year low of $77.50 and a 1-year high of $139.89.

Shake Shack (NYSE:SHAK) last issued 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 analyst estimates of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. On average, sell-side analysts expect that Shake Shack Inc. will post 1.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of Shake Shack from $107.00 to $105.00 and set an “underweight” rating on the stock in a research note on Thursday, March 20th. Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $125.00 to $159.00 in a research note on Tuesday, January 7th. TD Securities reissued a “buy” rating and set a $140.00 target price on shares of Shake Shack in a research note on Friday, February 21st. Finally, Loop Capital raised Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $124.20.

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.