Shake Shack, Inc. $SHAK Shares Bought by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. lifted its holdings in Shake Shack, Inc. (NYSE:SHAK) by 27.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 923,347 shares of the company’s stock after purchasing an additional 199,687 shares during the period. Shake Shack comprises 2.2% of Van Berkom & Associates Inc.’s holdings, making the stock its 26th biggest holding. Van Berkom & Associates Inc.’s holdings in Shake Shack were worth $74,948,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SHAK. Geneos Wealth Management Inc. acquired a new position in shares of Shake Shack in the 1st quarter worth approximately $26,000. Assetmark Inc. grew its stake in shares of Shake Shack by 457.6% in the 4th quarter. Assetmark Inc. now owns 368 shares of the company’s stock worth $30,000 after purchasing an additional 302 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Shake Shack by 83.7% in the 3rd quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock worth $31,000 after purchasing an additional 149 shares during the last quarter. Murphy & Mullick Capital Management Corp grew its stake in shares of Shake Shack by 68.5% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 418 shares of the company’s stock worth $38,000 after purchasing an additional 170 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Shake Shack in the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Stock Performance

Shares of SHAK opened at $95.49 on Tuesday. Shake Shack, Inc. has a one year low of $76.51 and a one year high of $144.65. The company has a 50-day moving average of $94.34 and a two-hundred day moving average of $91.11. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 87.60, a PEG ratio of 3.84 and a beta of 1.78. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 1.73.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, February 26th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $400.53 million during the quarter, compared to analysts’ expectations of $402.06 million. Shake Shack had a net margin of 3.16% and a return on equity of 11.08%. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the company posted $0.26 earnings per share. On average, equities research analysts expect that Shake Shack, Inc. will post 1.39 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of Shake Shack from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Shake Shack in a research note on Monday, April 20th. DA Davidson reiterated a “buy” rating and issued a $125.00 target price on shares of Shake Shack in a report on Monday, April 27th. Barclays decreased their target price on shares of Shake Shack from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $117.00 target price on shares of Shake Shack in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Shake Shack presently has an average rating of “Moderate Buy” and a consensus target price of $119.67.

Insider Activity at Shake Shack

In related news, insider Stephanie Ann Sentell sold 258 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $102.21, for a total transaction of $26,370.18. Following the completion of the sale, the insider directly owned 15,084 shares in the company, valued at approximately $1,541,735.64. This trade represents a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 8.50% of the company’s stock.

About Shake Shack

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.