GAMMA Investing LLC Buys Shares of 430 Shake Shack Inc. (NYSE:SHAK)

GAMMA Investing LLC bought a new stake in Shake Shack Inc. (NYSE:SHAK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 430 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors have also recently added to or reduced their stakes in SHAK. 12 West Capital Management LP lifted its stake in Shake Shack by 82.2% in the third quarter. 12 West Capital Management LP now owns 1,659,600 shares of the company’s stock valued at $96,373,000 after acquiring an additional 748,789 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Shake Shack by 130.0% in the third quarter. Qube Research & Technologies Ltd now owns 436,888 shares of the company’s stock worth $25,370,000 after buying an additional 246,952 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in shares of Shake Shack by 19.3% in the third quarter. Van Berkom & Associates Inc. now owns 1,046,339 shares of the company’s stock worth $60,761,000 after buying an additional 168,947 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Shake Shack in the third quarter worth $5,223,000. Finally, Campbell & CO Investment Adviser LLC lifted its stake in shares of Shake Shack by 1,816.5% in the third quarter. Campbell & CO Investment Adviser LLC now owns 80,339 shares of the company’s stock worth $4,665,000 after buying an additional 76,147 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Shake Shack

In other news, Director Jeffrey Flug sold 304 shares of the company’s 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 owns 3,754 shares of the company’s stock, valued at approximately $386,699.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Shake Shack news, Director Daniel Harris Meyer sold 6,034 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $100.08, for a total transaction of $603,882.72. Following the sale, the director now owns 520,437 shares of the company’s stock, valued at approximately $52,085,334.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey Flug sold 304 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $103.01, for a total transaction of $31,315.04. Following the sale, the director now directly owns 3,754 shares in the company, valued at approximately $386,699.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,608 shares of company stock valued at $10,178,861. 10.06% of the stock is owned by insiders.

Shake Shack Stock Up 2.4 %

SHAK opened at $107.47 on Monday. The firm’s 50-day simple moving average is $102.37 and its 200-day simple moving average is $80.77. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.01 and a current ratio of 2.03. Shake Shack Inc. has a twelve month low of $52.79 and a twelve month high of $110.90. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 195.40, a PEG ratio of 3.80 and a beta of 1.78.

Shake Shack (NYSE:SHAK) last posted its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. The business had revenue of $290.50 million for the quarter, compared to analyst estimates of $291.00 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. Equities research analysts anticipate that Shake Shack Inc. will post 0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

SHAK has been the subject of a number of analyst reports. UBS Group boosted their price objective on shares of Shake Shack from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday. Wedbush boosted their target price on shares of Shake Shack from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday. Raymond James boosted their target price on shares of Shake Shack from $90.00 to $115.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 16th. Morgan Stanley boosted their target price on shares of Shake Shack from $88.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Finally, StockNews.com lowered shares of Shake Shack from a “hold” rating to a “sell” rating in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $97.94.

About Shake Shack

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.