Legato Capital Management LLC Has $2.92 Million Stock Position in Shake Shack Inc. (NYSE:SHAK)

Legato Capital Management LLC boosted its position in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 219.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,519 shares of the company's stock after buying an additional 15,470 shares during the quarter. Legato Capital Management LLC owned 0.05% of Shake Shack worth $2,923,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Shake Shack in the 3rd quarter valued at $41,000. R Squared Ltd acquired a new position in shares of Shake Shack in the 4th quarter valued at $56,000. Covestor Ltd boosted its position in shares of Shake Shack by 41.6% in the 3rd quarter. Covestor Ltd now owns 698 shares of the company's stock valued at $72,000 after purchasing an additional 205 shares during the period. Quest Partners LLC boosted its position 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 purchasing an additional 325 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Shake Shack by 56.3% in the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company's stock valued at $96,000 after purchasing an additional 265 shares during the period. Institutional investors own 86.07% of the company's stock.

Shake Shack Stock Performance

Shares of SHAK stock traded down $0.58 during trading on Friday, reaching $108.68. The company had a trading volume of 1,399,812 shares, compared to its average volume of 1,222,891. The firm's 50 day simple moving average is $123.84 and its two-hundred day simple moving average is $115.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. Shake Shack Inc. has a one year low of $77.50 and a one year high of $139.89. The company has a market capitalization of $4.62 billion, a PE ratio of 639.27 and a beta of 1.86.

Insider Activity at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 642 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 9.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SHAK. Oppenheimer increased their price target on Shake Shack from $145.00 to $155.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Stifel Nicolaus decreased their price objective on Shake Shack from $128.00 to $110.00 and set a "hold" rating for the company in a research report on Friday, January 17th. Wedbush restated a "neutral" rating and set a $130.00 price objective on shares of Shake Shack in a research report on Wednesday, January 15th. UBS Group raised their price objective on Shake Shack from $130.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Finally, Gordon Haskett upgraded 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Shake Shack has an average rating of "Hold" and an average price target of $123.78.

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.