Sequoia Financial Advisors LLC Buys Shares of 2,000 Shake Shack Inc. (NYSE:SHAK)

Sequoia Financial Advisors LLC bought a new stake in Shake Shack Inc. (NYSE:SHAK) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,000 shares of the company’s stock, valued at approximately $260,000.

Several other hedge funds have also recently bought and sold shares of SHAK. Point72 Asset Management L.P. increased its holdings in Shake Shack by 154.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock valued at $67,157,000 after buying an additional 395,311 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Shake Shack in the 3rd quarter valued at about $39,677,000. Holocene Advisors LP increased its holdings in Shake Shack by 68.3% in the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock valued at $97,673,000 after buying an additional 384,131 shares during the period. Cookson Peirce & Co. Inc. bought a new position in Shake Shack in the 4th quarter valued at about $26,756,000. Finally, Paloma Partners Management Co bought a new stake in shares of Shake Shack during the 3rd quarter valued at approximately $18,626,000. 86.07% of the stock is owned by institutional investors.

Shake Shack Stock Up 4.9 %

Shares of NYSE SHAK opened at $89.96 on Thursday. The company has a market capitalization of $3.83 billion, a P/E ratio of 391.13 and a beta of 1.89. Shake Shack Inc. has a 52-week low of $77.50 and a 52-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 company’s 50 day moving average price is $109.38 and its 200-day moving average price is $115.40.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) 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 firm had revenue of $328.68 million for the quarter, compared to the consensus estimate of $329.02 million. Equities analysts forecast that Shake Shack Inc. will post 1.26 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a report on Friday, January 17th. Oppenheimer lifted their price target on shares of Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Truist Financial lifted their price target on shares of Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a report on Friday, February 21st. TD Securities reaffirmed a “buy” rating and set a $140.00 price target on shares of Shake Shack in a report on Friday, February 21st. Finally, Wedbush lifted their price target on shares of Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, February 21st. One 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. Based on data from MarketBeat.com, Shake Shack currently has a consensus rating of “Hold” and an average target price of $125.50.

Shake Shack 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.