44,901 Shares in Shake Shack Inc. (NYSE:SHAK) Purchased by Madison Investment Advisors LLC

Madison Investment Advisors LLC purchased a new position in shares of Shake Shack Inc. (NYSE:SHAK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 44,901 shares of the company’s stock, valued at approximately $5,828,000.

A number of other large investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its stake in shares of Shake Shack by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company’s stock worth $2,518,000 after purchasing an additional 100 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Shake Shack by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock worth $3,241,000 after purchasing an additional 139 shares during the period. Arizona State Retirement System boosted its stake in shares of Shake Shack by 1.7% during the 4th quarter. Arizona State Retirement System now owns 11,024 shares of the company’s stock worth $1,431,000 after purchasing an additional 182 shares during the period. Glenmede Trust Co. NA boosted its stake in shares of Shake Shack by 1.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company’s stock worth $1,372,000 after purchasing an additional 199 shares during the period. Finally, New York State Teachers Retirement System boosted its position in Shake Shack by 0.5% in the 4th quarter. New York State Teachers Retirement System now owns 39,225 shares of the company’s stock valued at $5,091,000 after buying an additional 200 shares during the period. 86.07% of the stock is owned by hedge funds and other institutional investors.

Shake Shack Trading Down 4.9 %

NYSE SHAK opened at $82.91 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The firm has a market cap of $3.53 billion, a PE ratio of 360.46 and a beta of 1.89. The company has a 50 day moving average price of $113.98 and a 200 day moving average price of $116.01. Shake Shack Inc. has a 52 week low of $77.50 and a 52 week high of $139.89.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $328.68 million during 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%. As a group, sell-side analysts forecast that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SHAK has been the subject of several research reports. Barclays raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $125.00 to $159.00 in a research report on Tuesday, January 7th. Stifel Nicolaus lowered 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. UBS Group boosted their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. TD Securities reissued a “buy” rating and issued a $140.00 price objective on shares of Shake Shack in a research report on Friday, February 21st. Finally, Gordon Haskett raised shares of 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $125.50.

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.