Shake Shack Inc. (NYSE:SHAK) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 45.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,264 shares of the company's stock after buying an additional 47,906 shares during the quarter. Assenagon Asset Management S.A. owned 0.36% of Shake Shack worth $19,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB grew its position in Shake Shack by 4.3% during the fourth quarter. Nordea Investment Management AB now owns 76,884 shares of the company's stock valued at $10,049,000 after buying an additional 3,186 shares during the period. GAMMA Investing LLC lifted its position in Shake Shack by 56.3% during the fourth quarter. GAMMA Investing LLC now owns 736 shares of the company's stock valued at $96,000 after purchasing an additional 265 shares in the last quarter. Principal Financial Group Inc. increased its position in Shake Shack by 1.1% in the third quarter. Principal Financial Group Inc. now owns 189,229 shares of the company's stock worth $19,530,000 after buying an additional 2,043 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Shake Shack in the third quarter worth about $249,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Shake Shack during the 3rd quarter valued at about $142,000. 86.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wedbush restated a "neutral" rating and set a $130.00 price objective on shares of Shake Shack in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $102.00 price objective (down previously from $105.00) on shares of Shake Shack in a research note on Tuesday, September 24th. Stifel Nicolaus decreased their target price on Shake Shack from $128.00 to $110.00 and set a "hold" rating on the stock in a research note on Friday. Truist Financial cut their price objective on shares of Shake Shack from $149.00 to $143.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Gordon Haskett upgraded shares of Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price target on the stock in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Shake Shack has a consensus rating of "Hold" and a consensus target price of $123.78.

Shake Shack Trading Down 1.4 %

Shares of NYSE:SHAK traded down $1.64 during trading on Friday, reaching $115.25. 1,722,713 shares of the company were exchanged, compared to its average volume of 691,681. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. The firm has a market capitalization of $4.90 billion, a PE ratio of 677.94, a P/E/G ratio of 1.91 and a beta of 1.86. The business's fifty day simple moving average is $128.97 and its 200-day simple moving average is $111.20. Shake Shack Inc. has a 12-month low of $66.06 and a 12-month high of $139.89.

Shake Shack (NYSE:SHAK - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.05. The business had revenue of $316.92 million for the quarter, compared to the consensus estimate of $316.03 million. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The business's revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 EPS. On average, research analysts anticipate that Shake Shack Inc. will post 0.82 EPS for the current year.

Insider Transactions at Shake Shack

In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of the firm's stock in a transaction that occurred 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 approximately $4,223,894.67. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel Harris Meyer sold 30,000 shares of the company's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $121.79, for a total transaction of $3,653,700.00. Following the completion of the sale, the director now directly owns 407,646 shares in the company, valued at $49,647,206.34. This trade represents a 6.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,333 shares of company stock valued at $6,566,330 in the last quarter. 9.73% of the stock is currently owned by corporate 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.