Northwestern Mutual Wealth Management Co. Increases Holdings in Shake Shack, Inc. $SHAK

Northwestern Mutual Wealth Management Co. raised its holdings in shares of Shake Shack, Inc. (NYSE:SHAK) by 2,395.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,298 shares of the company’s stock after buying an additional 25,244 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Shake Shack were worth $2,135,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new position in Shake Shack during the first quarter worth about $26,000. Assetmark Inc. grew its position in Shake Shack by 457.6% during the fourth quarter. Assetmark Inc. now owns 368 shares of the company’s stock worth $30,000 after buying an additional 302 shares in the last quarter. Murphy & Mullick Capital Management Corp grew its position in Shake Shack by 68.5% during the third quarter. Murphy & Mullick Capital Management Corp now owns 418 shares of the company’s stock worth $38,000 after buying an additional 170 shares in the last quarter. Advisory Services Network LLC purchased a new position in Shake Shack during the third quarter worth about $38,000. Finally, Parallel Advisors LLC grew its position in Shake Shack by 122.6% during the third quarter. Parallel Advisors LLC now owns 590 shares of the company’s stock worth $55,000 after buying an additional 325 shares in the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Robert Lynch bought 5,000 shares of the stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $60.39 per share, with a total value of $301,950.00. Following the purchase, the chief executive officer owned 77,845 shares in the company, valued at approximately $4,701,059.55. The trade was a 6.86% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel Harris Meyer bought 32,258 shares of the stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of $61.88 per share, with a total value of $1,996,125.04. Following the purchase, the director owned 378,670 shares in the company, valued at $23,432,099.60. The trade was a 9.31% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 50,616 shares of company stock worth $3,109,782 in the last 90 days. 8.32% of the stock is currently owned by company insiders.

Shake Shack Trading Down 1.9%

Shares of SHAK stock opened at $61.50 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $86.14 and a two-hundred day moving average price of $88.31. Shake Shack, Inc. has a 12-month low of $59.49 and a 12-month high of $144.65. The firm has a market cap of $2.63 billion, a P/E ratio of 62.76, a price-to-earnings-growth ratio of 2.59 and a beta of 1.78.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.11). Shake Shack had a return on equity of 9.62% and a net margin of 2.76%.The firm had revenue of $366.74 million for the quarter, compared to the consensus estimate of $372.43 million. During the same period last year, the firm earned $0.14 EPS. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities analysts anticipate that Shake Shack, Inc. will post 1.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Bank of America upgraded Shake Shack from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $88.00 to $101.00 in a research report on Tuesday, March 31st. Wall Street Zen cut Shake Shack from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th. Oppenheimer set a $100.00 target price on Shake Shack in a research report on Friday, May 8th. TD Cowen reduced their target price on Shake Shack from $105.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, May 7th. Finally, Guggenheim reduced their target price on Shake Shack from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $107.08.

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.