Aigen Investment Management LP Invests $3.76 Million in Shake Shack Inc. (NYSE:SHAK)

Aigen Investment Management LP acquired a new position in Shake Shack Inc. (NYSE:SHAK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 28,964 shares of the company's stock, valued at approximately $3,760,000. Shake Shack accounts for 0.7% of Aigen Investment Management LP's investment portfolio, making the stock its 15th largest position. Aigen Investment Management LP owned about 0.07% of Shake Shack at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in shares of Shake Shack in the 4th quarter worth approximately $52,000. R Squared Ltd bought a new position in shares of Shake Shack in the 4th quarter worth approximately $56,000. Covestor Ltd lifted its stake in shares of Shake Shack by 41.6% in the 3rd quarter. Covestor Ltd now owns 698 shares of the company's stock worth $72,000 after purchasing an additional 205 shares during the period. Quest Partners LLC raised its stake in Shake Shack by 76.1% during the 3rd quarter. Quest Partners LLC now owns 752 shares of the company's stock worth $78,000 after acquiring an additional 325 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in Shake Shack during the 4th quarter worth approximately $93,000. Institutional investors own 86.07% of the company's stock.

Shake Shack Price Performance

Shares of SHAK stock traded down $0.96 on Friday, reaching $92.64. The company's stock had a trading volume of 1,720,047 shares, compared to its average volume of 964,046. The stock's fifty day simple moving average is $116.52 and its 200-day simple moving average is $116.43. Shake Shack Inc. has a 1 year low of $77.50 and a 1 year high of $139.89. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 402.78 and a beta of 1.89.

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Shake Shack (NYSE:SHAK - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $329.02 million. Analysts forecast that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

SHAK has been the topic of a number of recent analyst reports. Barclays upgraded shares of Shake Shack from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. TD Securities restated a "buy" rating and set a $140.00 target price on shares of Shake Shack in a research note on Friday, February 21st. Truist Financial raised their target price on shares of Shake Shack from $143.00 to $154.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Oppenheimer raised their target price on shares of Shake Shack from $145.00 to $155.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Finally, UBS Group raised their target price on shares of Shake Shack from $130.00 to $140.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, Shake Shack currently has an average rating of "Hold" and an average target price of $125.50.

Insider Activity at Shake Shack

In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the completion of the transaction, the chief financial officer now directly owns 30,717 shares of the company's stock, valued at $4,223,894.67. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.73% of the stock is currently owned by insiders.

Shake Shack Company 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.