Shake Shack Inc. (NYSE:SHAK) Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC raised its position in Shake Shack Inc. (NYSE:SHAK) by 5.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,293 shares of the company’s stock after acquiring an additional 844 shares during the period. Yousif Capital Management LLC’s holdings in Shake Shack were worth $1,134,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in Shake Shack in the fourth quarter valued at about $32,000. California Public Employees Retirement System boosted its stake in shares of Shake Shack by 1.2% in the fourth quarter. California Public Employees Retirement System now owns 68,263 shares of the company’s stock valued at $5,060,000 after buying an additional 797 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Shake Shack by 10.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,919 shares of the company’s stock valued at $661,000 after buying an additional 840 shares in the last quarter. Strs Ohio acquired a new position in Shake Shack during the fourth quarter worth $2,742,000. Finally, Vontobel Holding Ltd. purchased a new position in Shake Shack in the fourth quarter worth $426,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SHAK. Morgan Stanley upped their price target on shares of Shake Shack from $88.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. TD Cowen reaffirmed a “buy” rating and issued a $125.00 target price on shares of Shake Shack in a report on Thursday. Robert W. Baird upped their price target on Shake Shack from $102.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday. Barclays raised their price objective on Shake Shack from $92.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Raymond James boosted their target price on Shake Shack from $90.00 to $115.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, ten have issued 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.com, Shake Shack has a consensus rating of “Hold” and an average price target of $96.33.

Shake Shack Trading Up 2.4 %

Shares of SHAK opened at $107.48 on Friday. Shake Shack Inc. has a fifty-two week low of $52.79 and a fifty-two week high of $110.90. The company has a market capitalization of $4.55 billion, a PE ratio of 195.42, a price-to-earnings-growth ratio of 3.71 and a beta of 1.78. The stock has a fifty day moving average of $102.37 and a two-hundred day moving average of $80.42. 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 (NYSE:SHAK) last released its earnings results on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The firm had revenue of $290.50 million during the quarter, compared to analyst estimates of $291.00 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, analysts forecast that Shake Shack Inc. will post 0.72 EPS for the current year.

Insider Transactions at Shake Shack

In related news, Director Daniel Harris Meyer sold 23,966 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $100.13, for a total transaction of $2,399,715.58. Following the completion of the transaction, the director now owns 526,471 shares of the company’s stock, valued at $52,715,541.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $103.01, for a total value of $31,315.04. Following the transaction, the director now directly owns 3,754 shares in the company, valued at approximately $386,699.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel Harris Meyer sold 23,966 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $100.13, for a total value of $2,399,715.58. Following the sale, the director now owns 526,471 shares of the company’s stock, valued at approximately $52,715,541.23. The disclosure for this sale can be found here. Insiders have sold a total of 100,760 shares of company stock worth $10,190,420 in the last three months. Company insiders own 10.06% of the company’s stock.

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.