Shake Shack Inc. (NYSE:SHAK) Shares Bought by RFG Advisory LLC

RFG Advisory LLC lifted its stake in shares of Shake Shack Inc. (NYSE:SHAK) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,401 shares of the company’s stock after buying an additional 412 shares during the quarter. RFG Advisory LLC’s holdings in Shake Shack were worth $326,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ramirez Asset Management Inc. acquired a new position in shares of Shake Shack during the third quarter worth about $35,000. Natixis acquired a new position in shares of Shake Shack during the fourth quarter worth about $53,000. Tower Research Capital LLC TRC grew its position in shares of Shake Shack by 67.9% during the first quarter. Tower Research Capital LLC TRC now owns 989 shares of the company’s stock worth $55,000 after buying an additional 400 shares in the last quarter. C M Bidwell & Associates Ltd. boosted its holdings in Shake Shack by 122.6% in the third quarter. C M Bidwell & Associates Ltd. now owns 1,111 shares of the company’s stock valued at $65,000 after purchasing an additional 612 shares in the last quarter. Finally, CWM LLC boosted its holdings in Shake Shack by 37.4% in the third quarter. CWM LLC now owns 1,349 shares of the company’s stock valued at $78,000 after purchasing an additional 367 shares in the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Shake Shack Price Performance

Shake Shack stock opened at $97.21 on Friday. Shake Shack Inc. has a 12 month low of $52.64 and a 12 month high of $110.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 2.01. The business has a 50 day simple moving average of $98.32 and a 200-day simple moving average of $75.85. The stock has a market capitalization of $4.11 billion, a PE ratio of 211.33, a price-to-earnings-growth ratio of 3.75 and a beta of 1.80.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.02 EPS for the quarter. Shake Shack had a return on equity of 3.67% and a net margin of 1.82%. The business had revenue of $286.20 million during the quarter, compared to analysts’ expectations of $280.45 million. During the same quarter in the prior year, the business earned ($0.06) earnings per share. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. Equities analysts predict that Shake Shack Inc. will post 0.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Raymond James upped their price target on Shake Shack from $90.00 to $115.00 and gave the company a “strong-buy” rating in a report on Friday, February 16th. Oppenheimer upped their price target on Shake Shack from $108.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Robert W. Baird upped their price target on Shake Shack from $67.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, February 13th. Wedbush reaffirmed a “neutral” rating and issued a $80.00 price target on shares of Shake Shack in a report on Wednesday, February 14th. Finally, Morgan Stanley upped their price target on Shake Shack from $88.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $88.67.

Insider Transactions at Shake Shack

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $108.05, for a total value of $32,847.20. Following the completion of the transaction, the director now owns 4,058 shares in the company, valued at $438,466.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $108.05, for a total value of $32,847.20. Following the sale, the director now owns 4,058 shares of the company’s stock, valued at $438,466.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Harris Meyer sold 30,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $95.25, for a total value of $2,857,500.00. Following the completion of the sale, the director now directly owns 550,437 shares in the company, valued at approximately $52,429,124.25. The disclosure for this sale can be found here. Insiders sold 100,912 shares of company stock worth $10,201,834 over the last 90 days. 10.06% of the stock is currently owned by insiders.

Shake Shack Profile

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.