Rational Advisors LLC bought a new position in shares of Shake Shack Inc (NYSE:SHAK) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,954 shares of the company’s stock, valued at approximately $352,000.
Several other institutional investors also recently made changes to their positions in SHAK. Truvestments Capital LLC acquired a new position in Shake Shack during the first quarter valued at $80,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Shake Shack by 27.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,799 shares of the company’s stock valued at $82,000 after buying an additional 390 shares during the period. US Bancorp DE raised its position in Shake Shack by 16.7% during the first quarter. US Bancorp DE now owns 4,068 shares of the company’s stock valued at $240,000 after buying an additional 582 shares during the period. Everence Capital Management Inc. acquired a new position in Shake Shack during the first quarter valued at $241,000. Finally, LS Investment Advisors LLC raised its position in Shake Shack by 155.3% during the fourth quarter. LS Investment Advisors LLC now owns 4,176 shares of the company’s stock valued at $190,000 after buying an additional 2,540 shares during the period. 83.75% of the stock is currently owned by institutional investors.
A number of brokerages have commented on SHAK. SunTrust Banks boosted their target price on Shake Shack to $70.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Zacks Investment Research downgraded Shake Shack from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Stifel Nicolaus boosted their target price on Shake Shack from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Morgan Stanley boosted their target price on Shake Shack from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Finally, Longbow Research downgraded Shake Shack from a “buy” rating to a “neutral” rating and set a $58.80 target price on the stock. in a research note on Wednesday, April 17th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $55.76.
In other news, Director Daniel Harris Meyer sold 65,068 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $59.84, for a total transaction of $3,893,669.12. Following the completion of the sale, the director now owns 1,032 shares in the company, valued at approximately $61,754.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Zach Koff sold 10,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $54.25, for a total value of $542,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,312,249 shares of company stock valued at $76,182,716. 21.85% of the stock is currently owned by corporate insiders.
Shares of NYSE SHAK opened at $59.16 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.94. Shake Shack Inc has a one year low of $40.67 and a one year high of $70.12. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 83.32, a PEG ratio of 4.57 and a beta of 1.44.
Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $132.60 million during the quarter, compared to the consensus estimate of $127.23 million. Shake Shack had a return on equity of 9.64% and a net margin of 2.88%. The firm’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 EPS. On average, equities research analysts anticipate that Shake Shack Inc will post 0.58 EPS for the current fiscal year.
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Shake Shack Profile
Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 26, 2018, it operated 208 Shacks, including 124 domestic company-operated Shacks, 12 domestic licensed Shacks, and 72 international licensed Shacks.
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