CHURCHILL MANAGEMENT Corp Makes New $871,000 Investment in Shake Shack Inc. (NYSE:SHAK)

CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,711 shares of the company's stock, valued at approximately $871,000.

A number of other hedge funds have also recently modified their holdings of the company. Point72 Asset Management L.P. raised its position in Shake Shack by 154.8% in the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company's stock valued at $67,157,000 after purchasing an additional 395,311 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Shake Shack during the 3rd quarter worth about $39,677,000. Holocene Advisors LP lifted its position in Shake Shack by 68.3% in the third quarter. Holocene Advisors LP now owns 946,350 shares of the company's stock valued at $97,673,000 after buying an additional 384,131 shares during the last quarter. Marshall Wace LLP boosted its stake in Shake Shack by 101.2% during the second quarter. Marshall Wace LLP now owns 544,336 shares of the company's stock worth $48,990,000 after buying an additional 273,822 shares during the period. Finally, Armistice Capital LLC increased its position in shares of Shake Shack by 69.1% during the second quarter. Armistice Capital LLC now owns 579,904 shares of the company's stock valued at $52,191,000 after acquiring an additional 236,950 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays upgraded shares of Shake Shack from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $125.00 to $159.00 in a report on Tuesday, January 7th. Oppenheimer upped their price target on Shake Shack from $145.00 to $155.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $102.00 price objective (down from $105.00) on shares of Shake Shack in a research note on Tuesday, September 24th. Wedbush reissued a "neutral" rating and set a $130.00 target price on shares of Shake Shack in a research note on Wednesday. Finally, Truist Financial dropped their target price on Shake Shack from $149.00 to $143.00 and set a "buy" rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $123.78.

Insiders Place Their Bets

In other news, CFO Katherine Irene Fogertey sold 642 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the sale, the chief financial officer now directly owns 30,717 shares of the company's stock, valued at approximately $4,223,894.67. The trade was a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel Harris Meyer sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $121.79, for a total value of $3,653,700.00. Following the transaction, the director now owns 407,646 shares in the company, valued at $49,647,206.34. This represents a 6.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,333 shares of company stock valued at $6,566,330. 9.73% of the stock is owned by corporate insiders.

Shake Shack Stock Down 1.4 %

Shares of SHAK stock traded down $1.64 on Friday, reaching $115.25. 1,722,713 shares of the stock were exchanged, compared to its average volume of 1,464,947. Shake Shack Inc. has a twelve month low of $66.06 and a twelve month high of $139.89. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 677.94, a PEG ratio of 1.91 and a beta of 1.86. The business's 50 day moving average price is $128.97 and its 200 day moving average price is $111.20.

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

Shake Shack 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.