18,000 Shares in Shake Shack, Inc. $SHAK Purchased by Wilson Asset Management International PTY Ltd.

Wilson Asset Management International PTY Ltd. bought a new position in shares of Shake Shack, Inc. (NYSE:SHAK) in the 4th quarter, HoldingsChannel.com reports. The firm bought 18,000 shares of the company’s stock, valued at approximately $1,461,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SHAK. Wellington Management Group LLP grew its position in Shake Shack by 21.0% during the third quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company’s stock worth $242,535,000 after buying an additional 450,406 shares in the last quarter. Marshall Wace LLP grew its position in Shake Shack by 285.2% during the third quarter. Marshall Wace LLP now owns 586,999 shares of the company’s stock worth $54,949,000 after buying an additional 434,625 shares in the last quarter. 12 West Capital Management LP grew its position in Shake Shack by 13.6% during the third quarter. 12 West Capital Management LP now owns 1,753,595 shares of the company’s stock worth $164,154,000 after buying an additional 210,000 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Shake Shack by 1,730.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 221,635 shares of the company’s stock worth $17,990,000 after buying an additional 209,527 shares in the last quarter. Finally, Van Berkom & Associates Inc. grew its position in Shake Shack by 27.6% during the fourth quarter. Van Berkom & Associates Inc. now owns 923,347 shares of the company’s stock worth $74,948,000 after buying an additional 199,687 shares in the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SHAK has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Shake Shack in a report on Monday, April 20th. Raymond James Financial set a $140.00 price objective on Shake Shack in a report on Wednesday, January 21st. Barclays cut their price objective on Shake Shack from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Wolfe Research initiated coverage on Shake Shack in a report on Monday, March 9th. They issued an “outperform” rating and a $118.00 price objective for the company. Finally, TD Cowen upped their price objective on Shake Shack from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $119.67.

Insider Buying and Selling at Shake Shack

In other news, insider Stephanie Ann Sentell sold 258 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $102.21, for a total value of $26,370.18. Following the completion of the sale, the insider owned 15,084 shares of the company’s stock, valued at approximately $1,541,735.64. The trade was a 1.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 8.50% of the company’s stock.

Shake Shack Price Performance

SHAK opened at $96.60 on Wednesday. The stock has a 50-day moving average price of $94.40 and a 200-day moving average price of $91.14. Shake Shack, Inc. has a 12-month low of $76.51 and a 12-month high of $144.65. The company has a current ratio of 1.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $4.12 billion, a P/E ratio of 88.62, a PEG ratio of 3.73 and a beta of 1.78.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Shake Shack had a return on equity of 11.08% and a net margin of 3.16%.The firm had revenue of $400.53 million during the quarter, compared to analysts’ expectations of $402.06 million. During the same period in the prior year, the business earned $0.26 EPS. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. Equities analysts predict that Shake Shack, Inc. will post 1.4 earnings per share for the current fiscal year.

Shake Shack Company Profile

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.