Intech Investment Management LLC Acquires 22,287 Shares of Shake Shack, Inc. $SHAK

Intech Investment Management LLC increased its stake in shares of Shake Shack, Inc. (NYSE:SHAK) by 40.1% in the fourth quarter, Holdings Channel reports. The firm owned 77,916 shares of the company’s stock after buying an additional 22,287 shares during the quarter. Intech Investment Management LLC’s holdings in Shake Shack were worth $6,324,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SHAK. Geneos Wealth Management Inc. acquired a new stake in shares of Shake Shack during the first quarter worth $26,000. Assetmark Inc. grew its stake in shares of Shake Shack by 457.6% during the fourth quarter. Assetmark Inc. now owns 368 shares of the company’s stock worth $30,000 after purchasing an additional 302 shares during the period. Murphy & Mullick Capital Management Corp grew its stake in Shake Shack by 68.5% in the third quarter. Murphy & Mullick Capital Management Corp now owns 418 shares of the company’s stock valued at $38,000 after acquiring an additional 170 shares during the period. Advisory Services Network LLC acquired a new position in Shake Shack in the third quarter valued at about $38,000. Finally, IFP Advisors Inc grew its stake in Shake Shack by 6,140.0% in the fourth quarter. IFP Advisors Inc now owns 624 shares of the company’s stock valued at $51,000 after acquiring an additional 614 shares during the period. 86.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jeffrey Flug purchased 1,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $61.30 per share, for a total transaction of $61,300.00. Following the completion of the acquisition, the director directly owned 5,470 shares in the company, valued at approximately $335,311. This trade represents a 22.37% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sumaiya Balbale purchased 4,068 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average price of $61.42 per share, for a total transaction of $249,856.56. Following the completion of the acquisition, the director owned 13,407 shares of the company’s stock, valued at approximately $823,457.94. This represents a 43.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 50,616 shares of company stock valued at $3,109,782. Corporate insiders own 8.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on SHAK shares. BTIG Research reissued a “neutral” rating on shares of Shake Shack in a research note on Wednesday, May 20th. Weiss Ratings cut Shake Shack from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Zacks Research raised Shake Shack from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. JPMorgan Chase & Co. decreased their target price on Shake Shack from $100.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Finally, Wall Street Zen cut Shake Shack from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Shake Shack presently has a consensus rating of “Moderate Buy” and an average price target of $106.83.

Shake Shack Stock Performance

Shares of Shake Shack stock opened at $64.25 on Friday. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 65.56, a price-to-earnings-growth ratio of 2.70 and a beta of 1.78. The stock’s 50-day moving average is $84.60 and its 200-day moving average is $87.74. Shake Shack, Inc. has a one year low of $59.49 and a one year high of $144.65. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.66.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.11). The firm had revenue of $366.74 million during the quarter, compared to the consensus estimate of $372.43 million. Shake Shack had a net margin of 2.76% and a return on equity of 9.62%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 earnings per share. Equities analysts predict that Shake Shack, Inc. will post 1.23 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.