Vontobel Holding Ltd. Makes New $426,000 Investment in Shake Shack Inc. (NYSE:SHAK)

Vontobel Holding Ltd. purchased a new position in shares of Shake Shack Inc. (NYSE:SHAK) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 5,743 shares of the company’s stock, valued at approximately $426,000.

A number of other large investors have also recently bought and sold shares of the business. SG Americas Securities LLC grew its holdings in Shake Shack by 6.9% during the 3rd quarter. SG Americas Securities LLC now owns 3,747 shares of the company’s stock worth $218,000 after acquiring an additional 243 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Shake Shack by 5.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the company’s stock valued at $265,000 after buying an additional 247 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Shake Shack by 1.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 19,679 shares of the company’s stock valued at $1,143,000 after buying an additional 274 shares during the period. CWM LLC grew its stake in shares of Shake Shack by 37.4% in the 3rd quarter. CWM LLC now owns 1,349 shares of the company’s stock valued at $78,000 after buying an additional 367 shares during the period. Finally, Natixis Advisors L.P. grew its stake in shares of Shake Shack by 3.8% in the 3rd quarter. Natixis Advisors L.P. now owns 10,695 shares of the company’s stock valued at $621,000 after buying an additional 388 shares during the period. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Shake Shack Price Performance

Shake Shack stock opened at $99.97 on Wednesday. Shake Shack Inc. has a 52 week low of $52.64 and a 52 week high of $110.90. The company’s 50 day moving average price is $100.48 and its two-hundred day moving average price is $77.72. The company has a quick ratio of 2.01, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The stock has a market cap of $4.23 billion, a P/E ratio of 217.33, a P/E/G ratio of 3.59 and a beta of 1.80.

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

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several brokerages have recently commented on SHAK. TD Cowen restated a “buy” rating and issued a $125.00 target price on shares of Shake Shack in a research note on Wednesday, April 10th. StockNews.com downgraded Shake Shack from a “hold” rating to a “sell” rating in a research note on Monday, March 4th. JPMorgan Chase & Co. raised their target price on Shake Shack from $65.00 to $100.00 and gave the company an “underweight” rating in a research note on Monday, March 4th. Oppenheimer raised their target price on Shake Shack from $108.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Finally, Raymond James raised their price target on shares of Shake Shack from $90.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $88.67.

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.