Lisanti Capital Growth LLC Invests $3.34 Million in Shake Shack Inc. (NYSE:SHAK)

Lisanti Capital Growth LLC purchased a new stake in Shake Shack Inc. (NYSE:SHAK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 25,715 shares of the company's stock, valued at approximately $3,338,000. Lisanti Capital Growth LLC owned approximately 0.06% of Shake Shack at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHAK. Point72 Asset Management L.P. increased its holdings in Shake Shack by 154.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company's stock worth $67,157,000 after purchasing an additional 395,311 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Shake Shack during the third quarter worth about $39,677,000. Holocene Advisors LP increased its stake in shares of 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 period. Cookson Peirce & Co. Inc. bought a new position in Shake Shack in the 4th quarter valued at approximately $26,756,000. Finally, Paloma Partners Management Co bought a new position in Shake Shack in the 3rd quarter valued at approximately $18,626,000. 86.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total transaction of $88,281.42. Following the sale, the chief financial officer now directly owns 30,717 shares in the company, valued at approximately $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 9.73% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have issued reports on SHAK shares. Stifel Nicolaus decreased their price target on shares of Shake Shack from $128.00 to $110.00 and set a "hold" rating for the company in a research report on Friday, January 17th. Barclays raised shares of Shake Shack from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. TD Securities reaffirmed a "buy" rating and set a $140.00 target price on shares of Shake Shack in a research report on Friday, February 21st. Oppenheimer lifted their target price on Shake Shack from $145.00 to $155.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Finally, Truist Financial increased their price target on Shake Shack from $143.00 to $154.00 and gave the company a "buy" rating in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $125.50.

Shake Shack Stock Down 1.7 %

Shares of SHAK traded down $1.51 on Tuesday, reaching $86.91. The company's stock had a trading volume of 1,586,537 shares, compared to its average volume of 971,707. The stock has a market capitalization of $3.70 billion, a PE ratio of 377.85 and a beta of 1.89. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. Shake Shack Inc. has a twelve month low of $77.50 and a twelve month high of $139.89. The firm has a fifty day moving average of $115.69 and a 200-day moving average of $116.36.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $328.68 million during the quarter, compared to the consensus estimate of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. Equities analysts predict that Shake Shack Inc. will post 1.26 EPS for the current 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.