Shake Shack, Inc. $SHAK Shares Acquired by GDS Wealth Management

GDS Wealth Management increased its stake in Shake Shack, Inc. (NYSE:SHAK) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,885 shares of the company’s stock after acquiring an additional 5,504 shares during the period. GDS Wealth Management owned approximately 0.32% of Shake Shack worth $12,627,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. White Pine Capital LLC increased its holdings in Shake Shack by 2.0% during the 2nd quarter. White Pine Capital LLC now owns 4,981 shares of the company’s stock worth $700,000 after purchasing an additional 100 shares during the period. Glenview Trust co increased its stake in shares of Shake Shack by 1.5% during the second quarter. Glenview Trust co now owns 6,925 shares of the company’s stock worth $974,000 after buying an additional 100 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in Shake Shack by 0.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 13,512 shares of the company’s stock valued at $1,900,000 after acquiring an additional 106 shares in the last quarter. Keybank National Association OH lifted its stake in Shake Shack by 1.8% in the second quarter. Keybank National Association OH now owns 6,079 shares of the company’s stock worth $855,000 after acquiring an additional 106 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in Shake Shack by 3.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,972 shares of the company’s stock worth $558,000 after acquiring an additional 125 shares in the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Piper Sandler decreased their price objective on shares of Shake Shack from $126.00 to $102.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. JPMorgan Chase & Co. raised Shake Shack from an “underweight” rating to a “neutral” rating and lowered their price objective for the stock from $95.00 to $90.00 in a research report on Thursday, December 18th. Bank of America reissued an “underperform” rating and set a $86.00 target price (down previously from $148.00) on shares of Shake Shack in a research report on Monday, October 6th. Zacks Research downgraded Shake Shack from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. Finally, Stifel Nicolaus cut their price objective on shares of Shake Shack from $110.00 to $105.00 and set a “hold” rating on the stock in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Shake Shack has a consensus rating of “Hold” and an average target price of $116.52.

Shake Shack Price Performance

Shares of NYSE SHAK opened at $92.15 on Friday. The stock has a market cap of $3.93 billion, a P/E ratio of 90.34, a P/E/G ratio of 2.39 and a beta of 1.68. Shake Shack, Inc. has a twelve month low of $72.93 and a twelve month high of $144.65. The stock has a 50 day moving average of $86.87 and a two-hundred day moving average of $99.00. The company has a current ratio of 1.84, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, October 30th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. The business had revenue of $367.41 million for the quarter, compared to analysts’ expectations of $363.69 million. Shake Shack had a net margin of 3.10% and a return on equity of 10.43%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. On average, research analysts forecast that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

Insider Activity

In related news, insider Stephanie Ann Sentell sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $85.14, for a total transaction of $93,654.00. Following the transaction, the insider owned 9,907 shares of the company’s stock, valued at $843,481.98. This trade represents a 9.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 1,500 shares of company stock worth $130,648 over the last 90 days. Company insiders own 8.50% of the company’s stock.

About Shake Shack

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.