Shake Shack Inc. (NYSE:SHAK) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Shake Shack Inc. (NYSE:SHAK) by 18.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,234 shares of the company’s stock after buying an additional 1,561 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Shake Shack were worth $1,328,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Amundi raised its stake in Shake Shack by 141.0% in the fourth quarter. Amundi now owns 23,896 shares of the company’s stock valued at $3,174,000 after buying an additional 13,982 shares in the last quarter. Larson Financial Group LLC raised its stake in Shake Shack by 4.5% in the fourth quarter. Larson Financial Group LLC now owns 40,610 shares of the company’s stock valued at $5,271,000 after buying an additional 1,751 shares in the last quarter. Lisanti Capital Growth LLC acquired a new stake in Shake Shack in the fourth quarter valued at $3,338,000. Vision Financial Markets LLC acquired a new stake in Shake Shack in the fourth quarter valued at $1,467,000. Finally, Arizona State Retirement System raised its stake in Shake Shack by 1.7% in the fourth quarter. Arizona State Retirement System now owns 11,024 shares of the company’s stock valued at $1,431,000 after buying an additional 182 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SHAK shares. 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 report on Wednesday, January 8th. Truist Financial lifted their target price on Shake Shack from $143.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Stifel Nicolaus cut their target price on Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Oppenheimer lifted their target price on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, UBS Group lifted their target price on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Shake Shack currently has a consensus rating of “Hold” and an average price target of $125.50.

Shake Shack Price Performance

Shares of SHAK opened at $85.77 on Wednesday. Shake Shack Inc. has a twelve month low of $77.50 and a twelve month high of $139.89. The stock’s 50 day moving average is $110.24 and its two-hundred day moving average is $115.58. The firm has a market capitalization of $3.65 billion, a PE ratio of 372.93 and a beta of 1.89. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data 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. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The company had revenue of $328.68 million for the quarter, compared to analyst estimates of $329.02 million. 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.