Shake Shack Inc. (NYSE:SHAK) Shares Bought by RFG Advisory LLC

RFG Advisory LLC raised its position in Shake Shack Inc. (NYSE:SHAK) by 16.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,144 shares of the company’s stock after buying an additional 743 shares during the period. RFG Advisory LLC’s holdings in Shake Shack were worth $535,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 12 West Capital Management LP increased its stake in shares of Shake Shack by 82.2% during the third quarter. 12 West Capital Management LP now owns 1,659,600 shares of the company’s stock worth $96,373,000 after purchasing an additional 748,789 shares in the last quarter. Linonia Partnership LP purchased a new stake in shares of Shake Shack during the fourth quarter worth about $41,046,000. Qube Research & Technologies Ltd grew its stake in Shake Shack by 130.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 436,888 shares of the company’s stock valued at $25,370,000 after acquiring an additional 246,952 shares in the last quarter. Norges Bank purchased a new stake in Shake Shack during the 4th quarter valued at about $12,238,000. Finally, Armistice Capital LLC purchased a new stake in Shake Shack during the 4th quarter valued at about $11,213,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Price Performance

Shake Shack stock opened at $88.25 on Tuesday. Shake Shack Inc. has a 1 year low of $52.79 and a 1 year high of $111.29. The firm has a 50 day moving average price of $97.47 and a 200 day moving average price of $90.24. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 160.46, a PEG ratio of 3.52 and a beta of 1.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.99 and a current ratio of 2.03.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $291.00 million. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. Shake Shack’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) earnings per share. Sell-side analysts predict that Shake Shack Inc. will post 0.74 earnings per share for the current year.

Insider Transactions at Shake Shack

In other news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $103.01, for a total transaction of $31,315.04. Following the transaction, the director now directly owns 3,754 shares of the company’s stock, valued at $386,699.54. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 9.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SHAK. JPMorgan Chase & Co. upped their price objective on shares of Shake Shack from $102.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, June 3rd. TD Cowen reaffirmed a “buy” rating and set a $125.00 price objective on shares of Shake Shack in a research note on Thursday, June 13th. UBS Group upped their price objective on shares of Shake Shack from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Wedbush boosted their target price on shares of Shake Shack from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, Robert W. Baird boosted their target price on shares of Shake Shack from $102.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $99.17.

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.