Quent Capital LLC Raises Holdings in Shake Shack, Inc. $SHAK

Quent Capital LLC increased its holdings in Shake Shack, Inc. (NYSE:SHAK) by 6,172.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,081 shares of the company’s stock after acquiring an additional 5,000 shares during the period. Quent Capital LLC’s holdings in Shake Shack were worth $412,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC grew its position in Shake Shack by 552.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 20,496 shares of the company’s stock worth $1,664,000 after acquiring an additional 17,355 shares during the period. Kercheville Advisors LLC purchased a new position in Shake Shack in the fourth quarter worth approximately $325,000. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Shake Shack by 9.4% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 54,350 shares of the company’s stock worth $4,407,000 after acquiring an additional 4,692 shares during the period. Farther Finance Advisors LLC grew its position in Shake Shack by 18.2% in the fourth quarter. Farther Finance Advisors LLC now owns 935 shares of the company’s stock worth $76,000 after acquiring an additional 144 shares during the period. Finally, Assetmark Inc. grew its position in Shake Shack by 457.6% in the fourth quarter. Assetmark Inc. now owns 368 shares of the company’s stock worth $30,000 after acquiring an additional 302 shares during the period. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on SHAK. Raymond James Financial set a $140.00 price target on Shake Shack in a research report on Wednesday, January 21st. BNP Paribas Exane began coverage on Shake Shack in a research report on Monday, March 30th. They set an “outperform” rating and a $124.00 price target for the company. Robert W. Baird raised their price target on Shake Shack from $104.00 to $108.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. Morgan Stanley upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $115.00 to $125.00 in a research report on Tuesday, January 20th. Finally, Guggenheim began coverage on Shake Shack in a research report on Friday. They set a “buy” rating and a $120.00 price target for the company. One 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 stock. Based on data from MarketBeat.com, Shake Shack has an average rating of “Moderate Buy” and a consensus price target of $119.67.

Insider Transactions at Shake Shack

In related news, insider Stephanie Ann Sentell sold 258 shares of Shake Shack stock in a transaction on 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 transaction, 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 is accessible through this hyperlink. 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 Trading Up 0.3%

SHAK opened at $103.34 on Monday. Shake Shack, Inc. has a 52 week low of $76.51 and a 52 week high of $144.65. The business has a fifty day simple moving average of $93.59 and a 200-day simple moving average of $90.82. The firm has a market cap of $4.41 billion, a P/E ratio of 94.81, a P/E/G ratio of 4.04 and a beta of 1.75. The company has a quick ratio of 1.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.45.

Shake Shack (NYSE:SHAK) last released its quarterly 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 business had revenue of $400.53 million during the quarter, compared to analyst estimates of $402.06 million. Shake Shack had a return on equity of 11.08% and a net margin of 3.16%.The company’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period last year, the business posted $0.26 earnings per share. On average, equities analysts expect that Shake Shack, Inc. will post 1.39 earnings per share for the current 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.