Mount Yale Investment Advisors LLC Buys New Shares in Shake Shack Inc. (NYSE:SHAK)

Mount Yale Investment Advisors LLC purchased a new position in shares of Shake Shack Inc. (NYSE:SHAK) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,969 shares of the company’s stock, valued at approximately $267,000.

A number of other large investors also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Shake Shack by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 801,003 shares of the company’s stock valued at $72,088,000 after buying an additional 66,090 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Shake Shack by 41.9% in the 2nd quarter. Renaissance Technologies LLC now owns 437,600 shares of the company’s stock valued at $39,384,000 after acquiring an additional 129,200 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Shake Shack by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 300,539 shares of the company’s stock worth $27,048,000 after purchasing an additional 4,201 shares during the last quarter. Norges Bank bought a new stake in shares of Shake Shack in the 4th quarter valued at about $12,238,000. Finally, Jennison Associates LLC acquired a new stake in Shake Shack in the 1st quarter valued at about $16,365,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SHAK has been the topic of several research analyst reports. Bank of America upped their price objective on Shake Shack from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. The Goldman Sachs Group increased their price target on Shake Shack from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Wedbush reaffirmed a “neutral” rating and set a $90.00 price objective on shares of Shake Shack in a research report on Thursday, August 1st. Capital One Financial began coverage on shares of Shake Shack in a research report on Monday, July 29th. They issued an “overweight” rating and a $95.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $115.00 target price on shares of Shake Shack in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $107.39.

Shake Shack Price Performance

SHAK stock opened at $104.06 on Wednesday. The company’s 50-day moving average price is $98.02 and its two-hundred day moving average price is $97.42. Shake Shack Inc. has a 12 month low of $52.79 and a 12 month high of $111.29. The company has a quick ratio of 2.03, a current ratio of 2.06 and a debt-to-equity ratio of 0.51. The firm has a market cap of $4.42 billion, a P/E ratio of 189.20, a P/E/G ratio of 3.20 and a beta of 1.83.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. Shake Shack had a net margin of 2.23% and a return on equity of 5.63%. The business had revenue of $316.50 million during the quarter, compared to the consensus estimate of $314.37 million. During the same period in the previous year, the business earned $0.18 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. On average, analysts anticipate that Shake Shack Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Activity at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 321 shares of Shake Shack stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $95.10, for a total transaction of $30,527.10. Following the sale, the chief financial officer now directly owns 37,143 shares of the company’s stock, valued at $3,532,299.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Katherine Irene Fogertey sold 321 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $95.10, for a total transaction of $30,527.10. Following the completion of the transaction, the chief financial officer now owns 37,143 shares of the company’s stock, valued at $3,532,299.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey Flug sold 304 shares of Shake Shack stock in a transaction on Monday, August 5th. The stock was sold at an average price of $90.39, for a total transaction of $27,478.56. Following the transaction, the director now owns 3,347 shares in the company, valued at approximately $302,535.33. The disclosure for this sale can be found here. Insiders sold a total of 12,213 shares of company stock valued at $1,311,175 in the last quarter. Insiders own 9.73% of the company’s stock.

Shake Shack Company 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.