Cooper Investors PTY Ltd. Takes Position in Shake Shack, Inc. $SHAK

Cooper Investors PTY Ltd. acquired a new position in Shake Shack, Inc. (NYSE:SHAK) during the 4th quarter, Holdings Channel reports. The firm acquired 64,127 shares of the company’s stock, valued at approximately $5,205,000. Shake Shack accounts for 1.7% of Cooper Investors PTY Ltd.’s holdings, making the stock its 21st largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB raised its holdings in Shake Shack by 36.6% in the 3rd quarter. Nordea Investment Management AB now owns 106,317 shares of the company’s stock worth $9,851,000 after purchasing an additional 28,487 shares during the period. Fisher Asset Management LLC lifted its position in Shake Shack by 30.4% during the second quarter. Fisher Asset Management LLC now owns 514,770 shares of the company’s stock valued at $72,377,000 after purchasing an additional 120,030 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Shake Shack during the third quarter valued at about $8,416,000. Divisadero Street Capital Management LP grew its holdings in Shake Shack by 407.8% during the third quarter. Divisadero Street Capital Management LP now owns 56,985 shares of the company’s stock valued at $5,334,000 after purchasing an additional 45,762 shares during the period. Finally, Public Sector Pension Investment Board increased its position in Shake Shack by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 156,998 shares of the company’s stock worth $14,697,000 after buying an additional 19,889 shares in the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Robert W. Baird raised their price objective on Shake Shack from $104.00 to $108.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. Morgan Stanley raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $115.00 to $125.00 in a report on Tuesday, January 20th. DA Davidson started coverage on shares of Shake Shack in a research note on Friday, March 6th. They set a “buy” rating and a $125.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a report on Tuesday, January 6th. Finally, Truist Financial increased their price objective on shares of Shake Shack from $144.00 to $148.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $116.64.

Shake Shack Stock Performance

NYSE SHAK opened at $81.35 on Monday. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 74.64, a price-to-earnings-growth ratio of 4.38 and a beta of 1.73. The company has a quick ratio of 1.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $92.03 and a 200-day moving average price of $90.82. Shake Shack, Inc. has a twelve month low of $72.93 and a twelve month high of $144.65.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, February 26th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. Shake Shack had a return on equity of 11.08% and a net margin of 3.16%.The company had revenue of $400.53 million for the quarter, compared to the consensus estimate of $402.06 million. During the same quarter last year, the company earned $0.26 EPS. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, equities research analysts predict that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

Shake Shack Profile

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.