SG Americas Securities LLC Has $175,000 Stock Holdings in Shake Shack Inc. (NYSE:SHAK)

SG Americas Securities LLC decreased its holdings in shares of Shake Shack Inc. (NYSE:SHAK) by 37.0% in the 4th quarter, HoldingsChannel reports. The firm owned 2,360 shares of the company’s stock after selling 1,387 shares during the period. SG Americas Securities LLC’s holdings in Shake Shack were worth $175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in SHAK. 12 West Capital Management LP lifted its holdings in Shake Shack by 82.2% during the 3rd quarter. 12 West Capital Management LP now owns 1,659,600 shares of the company’s stock valued at $96,373,000 after purchasing an additional 748,789 shares during the last quarter. Man Group plc lifted its holdings in Shake Shack by 1,416.0% during the 4th quarter. Man Group plc now owns 418,006 shares of the company’s stock valued at $17,360,000 after purchasing an additional 390,433 shares during the last quarter. Norges Bank acquired a new stake in Shake Shack during the 4th quarter valued at $12,514,000. Qube Research & Technologies Ltd lifted its holdings in Shake Shack by 130.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 436,888 shares of the company’s stock valued at $25,370,000 after purchasing an additional 246,952 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Shake Shack by 5.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,044,682 shares of the company’s stock valued at $181,929,000 after purchasing an additional 200,222 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Stock Performance

NYSE:SHAK opened at $97.21 on Monday. The stock’s 50-day simple moving average is $98.32 and its 200 day simple moving average is $76.11. The firm has a market capitalization of $4.11 billion, a PE ratio of 211.33, a price-to-earnings-growth ratio of 3.66 and a beta of 1.80. The company has a quick ratio of 2.01, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. Shake Shack Inc. has a twelve month low of $52.64 and a twelve month high of $110.90.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $286.20 million for the quarter, compared to analyst estimates of $280.45 million. Shake Shack had a return on equity of 3.67% and a net margin of 1.82%. Shake Shack’s revenue was up 20.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share. On average, analysts anticipate that Shake Shack Inc. will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SHAK shares. UBS Group increased their price objective on Shake Shack from $80.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Wedbush reiterated a “neutral” rating and set a $80.00 price objective on shares of Shake Shack in a research report on Wednesday, February 14th. Robert W. Baird increased their price objective on Shake Shack from $67.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. Raymond James increased their price objective on Shake Shack from $90.00 to $115.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 16th. Finally, Morgan Stanley increased their price objective on Shake Shack from $88.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $88.67.

Insider Activity

In other news, Director Daniel Harris Meyer sold 23,966 shares of Shake Shack stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $100.13, for a total transaction of $2,399,715.58. Following the sale, the director now directly owns 526,471 shares of the company’s stock, valued at $52,715,541.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Daniel Harris Meyer sold 23,966 shares of Shake Shack stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $100.13, for a total transaction of $2,399,715.58. Following the sale, the director now directly owns 526,471 shares of the company’s stock, valued at $52,715,541.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey Flug sold 304 shares of Shake Shack stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $103.01, for a total value of $31,315.04. Following the sale, the director now directly owns 3,754 shares in the company, valued at $386,699.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,912 shares of company stock valued at $10,201,834. 10.06% of the stock is currently owned by corporate 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.