Xponance Inc. Raises Position in Shake Shack, Inc. (NYSE:SHAK)

Xponance Inc. increased its holdings in Shake Shack, Inc. (NYSE:SHAK) by 5.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,868 shares of the company’s stock after purchasing an additional 159 shares during the quarter. Xponance Inc.’s holdings in Shake Shack were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in SHAK. Driehaus Capital Management LLC bought a new stake in Shake Shack in the 4th quarter worth $66,349,000. Invesco Ltd. grew its holdings in Shake Shack by 30.7% in the 4th quarter. Invesco Ltd. now owns 1,245,093 shares of the company’s stock worth $161,613,000 after acquiring an additional 292,348 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Shake Shack by 204.0% in the 4th quarter. Ameriprise Financial Inc. now owns 324,109 shares of the company’s stock worth $42,064,000 after acquiring an additional 217,493 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in Shake Shack by 17.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company’s stock worth $116,078,000 after acquiring an additional 134,475 shares during the last quarter. Finally, Interval Partners LP bought a new stake in shares of Shake Shack during the 4th quarter valued at about $16,788,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SHAK. JPMorgan Chase & Co. lifted their target price on shares of Shake Shack from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, June 25th. Wells Fargo & Company upped their target price on shares of Shake Shack from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday. KeyCorp initiated coverage on shares of Shake Shack in a research note on Monday, June 2nd. They set a “sector weight” rating on the stock. Jefferies Financial Group downgraded shares of Shake Shack from a “hold” rating to an “underperform” rating and increased their target price for the company from $100.00 to $120.00 in a research note on Thursday. Finally, UBS Group reduced their target price on shares of Shake Shack from $140.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $126.86.

Insiders Place Their Bets

In other Shake Shack news, Director Daniel Harris Meyer sold 20,000 shares of the business’s stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $140.07, for a total transaction of $2,801,400.00. Following the sale, the director directly owned 367,984 shares in the company, valued at approximately $51,543,518.88. The trade was a 5.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Katherine Irene Fogertey sold 3,956 shares of the business’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $127.49, for a total transaction of $504,350.44. Following the completion of the sale, the chief financial officer owned 35,750 shares in the company, valued at $4,557,767.50. This represents a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,391 shares of company stock worth $11,869,925. 9.73% of the stock is currently owned by insiders.

Shake Shack Trading Down 0.0%

NYSE SHAK opened at $134.87 on Friday. The firm has a 50 day simple moving average of $129.40 and a 200-day simple moving average of $111.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.88 and a current ratio of 1.91. Shake Shack, Inc. has a one year low of $72.93 and a one year high of $144.65. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 481.68, a PEG ratio of 3.08 and a beta of 1.77.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. Equities research analysts anticipate that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

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.