GAMMA Investing LLC Has $99,000 Position in Shake Shack, Inc. (NYSE:SHAK)

GAMMA Investing LLC grew its stake in Shake Shack, Inc. (NYSE:SHAKFree Report) by 52.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,123 shares of the company’s stock after buying an additional 387 shares during the quarter. GAMMA Investing LLC’s holdings in Shake Shack were worth $99,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Shake Shack by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company’s stock worth $46,979,000 after purchasing an additional 8,429 shares in the last quarter. Janus Henderson Group PLC raised its position in Shake Shack by 6.2% during the fourth quarter. Janus Henderson Group PLC now owns 17,064 shares of the company’s stock worth $2,216,000 after acquiring an additional 1,000 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Shake Shack during the fourth quarter worth $260,000. Norges Bank bought a new stake in Shake Shack during the fourth quarter worth $15,409,000. Finally, Natixis Advisors LLC raised its position in Shake Shack by 57.3% during the fourth quarter. Natixis Advisors LLC now owns 19,407 shares of the company’s stock worth $2,519,000 after acquiring an additional 7,072 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Insider Buying and Selling at Shake Shack

In related news, Director Daniel Harris Meyer sold 14,200 shares of Shake Shack stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $140.31, for a total value of $1,992,402.00. Following the completion of the sale, the director owned 337,984 shares of the company’s stock, valued at approximately $47,422,535.04. This trade represents a 4.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Katherine Irene Fogertey sold 562 shares of Shake Shack stock in a transaction on Friday, June 13th. The shares were sold at an average price of $124.84, for a total transaction of $70,160.08. Following the completion of the sale, the chief financial officer directly owned 35,188 shares of the company’s stock, valued at approximately $4,392,869.92. The trade was a 1.57% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 84,698 shares of company stock valued at $11,490,296. 9.73% of the stock is currently owned by insiders.

Shake Shack Stock Performance

Shares of SHAK stock opened at $141.12 on Monday. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 504.00, a price-to-earnings-growth ratio of 3.36 and a beta of 1.77. Shake Shack, Inc. has a 52 week low of $72.93 and a 52 week high of $142.51. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $120.79 and a 200-day moving average of $110.87.

Shake Shack (NYSE:SHAKGet Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). The company had revenue of $320.90 million for the quarter, compared to analyst estimates of $330.24 million. Shake Shack had a return on equity of 8.45% and a net margin of 0.97%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. On average, equities analysts forecast that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SHAK shares. Stifel Nicolaus dropped their price objective on shares of Shake Shack from $120.00 to $97.00 and set a “hold” rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. increased their price objective on shares of Shake Shack from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, June 25th. BTIG Research lowered shares of Shake Shack from a “buy” rating to a “neutral” rating in a research report on Monday, June 2nd. Barclays increased their price objective on shares of Shake Shack from $102.00 to $166.00 and gave the company an “overweight” rating in a research report on Thursday, June 26th. Finally, Truist Financial upped their price target on shares of Shake Shack from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Shake Shack presently has an average rating of “Hold” and an average target price of $124.43.

Read Our Latest Analysis on SHAK

Shake Shack Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Shake Shack (NYSE:SHAK)

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