Vision Financial Markets LLC purchased a new position in Shake Shack Inc. (NYSE:SHAK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,300 shares of the company's stock, valued at approximately $1,467,000. Shake Shack makes up about 1.6% of Vision Financial Markets LLC's investment portfolio, making the stock its 14th biggest holding.
Other hedge funds have also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in shares of Shake Shack in the 4th quarter worth approximately $52,000. R Squared Ltd bought a new position in Shake Shack in the 4th quarter valued at approximately $56,000. Covestor Ltd lifted its position in 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 acquiring an additional 205 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Shake Shack in the 4th quarter valued at approximately $93,000. Finally, GAMMA Investing LLC lifted its position in 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 acquiring an additional 265 shares in the last quarter. 86.07% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, CFO Katherine Irene Fogertey sold 642 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the transaction, the chief financial officer now owns 30,717 shares of the company's stock, valued at approximately $4,223,894.67. This represents a 2.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 9.73% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on SHAK. UBS Group upped their price objective on Shake Shack from $130.00 to $140.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Barclays raised Shake Shack from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $125.00 to $159.00 in a research report on Tuesday, January 7th. Truist Financial boosted their target price on shares of Shake Shack from $143.00 to $154.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Oppenheimer boosted their target price on shares of Shake Shack from $145.00 to $155.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Finally, TD Securities reiterated a "buy" rating and set a $140.00 target price on shares of Shake Shack in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Shake Shack presently has an average rating of "Hold" and a consensus target price of $125.50.
View Our Latest Research Report on SHAK
Shake Shack Stock Performance
Shares of NYSE:SHAK traded down $0.96 during midday trading on Friday, hitting $92.64. The company had a trading volume of 1,720,047 shares, compared to its average volume of 964,046. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 402.78 and a beta of 1.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. The company has a fifty day moving average of $116.52 and a two-hundred day moving average of $116.43. Shake Shack Inc. has a 12-month low of $77.50 and a 12-month high of $139.89.
Shake Shack (NYSE:SHAK - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $328.68 million during the quarter, compared to the consensus estimate of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. On average, equities research analysts expect that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.
About Shake Shack
(
Free Report)
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.
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