Campbell & CO Investment Adviser LLC Takes Position in Shake Shack, Inc. $SHAK

Campbell & CO Investment Adviser LLC acquired a new position in Shake Shack, Inc. (NYSE:SHAK) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,305 shares of the company’s stock, valued at approximately $590,000.

Several other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Shake Shack by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,627 shares of the company’s stock worth $1,995,000 after acquiring an additional 976 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Shake Shack by 4,210.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,500 shares of the company’s stock valued at $220,000 after purchasing an additional 2,442 shares in the last quarter. United Services Automobile Association bought a new position in shares of Shake Shack during the 1st quarter valued at about $219,000. Geneos Wealth Management Inc. acquired a new position in shares of Shake Shack in the 1st quarter worth approximately $26,000. Finally, Parallel Advisors LLC raised its holdings in shares of Shake Shack by 679.4% in the 2nd quarter. Parallel Advisors LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 231 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Stock Performance

Shares of NYSE SHAK opened at $94.83 on Thursday. Shake Shack, Inc. has a one year low of $72.93 and a one year high of $144.65. The company has a current ratio of 1.84, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $86.79 and a 200 day simple moving average of $99.67. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 92.97, a PEG ratio of 2.43 and a beta of 1.68.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. Shake Shack had a net margin of 3.10% and a return on equity of 10.43%. The company had revenue of $367.41 million during the quarter, compared to the consensus estimate of $363.69 million. During the same period last year, the firm earned $0.25 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. Sell-side analysts expect that Shake Shack, Inc. will post 1.26 EPS for the current year.

Analyst Ratings Changes

SHAK has been the subject of a number of research reports. Bank of America restated an “underperform” rating and set a $86.00 target price (down from $148.00) on shares of Shake Shack in a report on Monday, October 6th. Zacks Research lowered Shake Shack from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th. Raymond James Financial set a $140.00 price objective on Shake Shack in a report on Wednesday. The Goldman Sachs Group decreased their target price on Shake Shack from $160.00 to $137.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Shake Shack in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $116.52.

Insiders Place Their Bets

In other Shake Shack news, insider Stephanie Ann Sentell sold 1,100 shares of Shake Shack stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $85.14, for a total transaction of $93,654.00. Following the sale, the insider directly owned 9,907 shares of the company’s stock, valued at approximately $843,481.98. The trade was a 9.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.50% of the company’s stock.

Shake Shack Company Profile

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.