Ring Mountain Capital LLC acquired a new position in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,170 shares of the company's stock, valued at approximately $411,000.
Several other large investors have also modified their holdings of the stock. Transcendent Capital Group LLC purchased a new position in Shake Shack during the 4th quarter worth approximately $52,000. R Squared Ltd acquired a new stake in shares of Shake Shack in the fourth quarter valued at approximately $56,000. Covestor Ltd grew its position in shares of Shake Shack by 41.6% during the third quarter. Covestor Ltd now owns 698 shares of the company's stock worth $72,000 after acquiring an additional 205 shares during the last quarter. Quest Partners LLC increased its holdings in shares of Shake Shack by 76.1% in the 3rd quarter. Quest Partners LLC now owns 752 shares of the company's stock valued at $78,000 after acquiring an additional 325 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Shake Shack in the 4th quarter valued at $93,000. Institutional investors and hedge funds own 86.07% of the company's stock.
Shake Shack Price Performance
SHAK stock traded down $0.96 during trading on Friday, reaching $92.64. 1,720,047 shares of the company were exchanged, compared to its average volume of 965,895. 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 stock's 50 day moving average price is $117.32 and its 200 day moving average price is $116.41. Shake Shack Inc. has a 52-week low of $77.50 and a 52-week high of $139.89. The company has a market cap of $3.94 billion, a P/E ratio of 402.78 and a beta of 1.89.
Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The business had revenue of $328.68 million for the quarter, compared to analyst estimates of $329.02 million. As a group, analysts predict that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.
Insider Buying and Selling at Shake Shack
In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the sale, the chief financial officer now owns 30,717 shares of the company's stock, valued at $4,223,894.67. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 9.73% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several brokerages have issued reports on SHAK. Oppenheimer raised their price objective on shares of Shake Shack from $145.00 to $155.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Truist Financial raised their price target on Shake Shack from $143.00 to $154.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Stifel Nicolaus reduced their price objective on Shake Shack from $128.00 to $110.00 and set a "hold" rating for the company in a research note on Friday, January 17th. Gordon Haskett raised 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. Finally, Barclays raised Shake Shack from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $125.00 to $159.00 in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $125.50.
Read Our Latest Stock Report on Shake Shack
About Shake Shack
(
Free Report)
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.
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