KBC Group NV Has $124,000 Position in Shake Shack Inc. (NYSE:SHAK)

KBC Group NV boosted its holdings in shares of Shake Shack Inc. (NYSE:SHAK) by 24.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,206 shares of the company’s stock after buying an additional 234 shares during the period. KBC Group NV’s holdings in Shake Shack were worth $124,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in shares of Shake Shack by 47.5% in the third quarter. Victory Capital Management Inc. now owns 12,977 shares of the company’s stock valued at $1,339,000 after purchasing an additional 4,181 shares during the last quarter. Entropy Technologies LP purchased a new stake in Shake Shack in the 3rd quarter valued at about $345,000. GDS Wealth Management purchased a new stake in Shake Shack in the 3rd quarter valued at about $417,000. River Global Investors LLP lifted its position in shares of Shake Shack by 3.9% during the 3rd quarter. River Global Investors LLP now owns 13,798 shares of the company’s stock worth $1,423,000 after buying an additional 512 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of Shake Shack by 41.6% in the 3rd quarter. Covestor Ltd now owns 698 shares of the company’s stock worth $72,000 after buying an additional 205 shares during the last quarter. 86.07% of the stock is owned by institutional investors.

Shake Shack Stock Performance

NYSE SHAK opened at $122.45 on Friday. Shake Shack Inc. has a 52-week low of $59.92 and a 52-week high of $134.90. The company has a fifty day moving average of $112.92 and a 200-day moving average of $101.11. The company has a market capitalization of $5.20 billion, a P/E ratio of 720.82, a P/E/G ratio of 2.71 and a beta of 1.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.01.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $316.92 million for the quarter, compared to analyst estimates of $316.03 million. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The company’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 EPS. As a group, equities research analysts predict that Shake Shack Inc. will post 0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $102.00 price target (down from $105.00) on shares of Shake Shack in a report on Tuesday, September 24th. Bank of America boosted their price target on shares of Shake Shack from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. TD Cowen restated a “buy” rating and set a $125.00 price objective on shares of Shake Shack in a report on Wednesday, September 18th. Wedbush reiterated a “neutral” rating and issued a $90.00 target price on shares of Shake Shack in a research note on Thursday, August 1st. Finally, Oppenheimer raised their price target on shares of Shake Shack from $122.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $112.94.

Insiders Place Their Bets

In other news, CFO Katherine Irene Fogertey sold 321 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $98.57, for a total transaction of $31,640.97. Following the completion of the sale, the chief financial officer now owns 36,822 shares of the company’s stock, valued at approximately $3,629,544.54. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel Harris Meyer sold 30,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $121.79, for a total transaction of $3,653,700.00. Following the sale, the director now directly owns 407,646 shares of the company’s stock, valued at $49,647,206.34. The trade was a 6.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,433 shares of company stock valued at $7,654,856. 9.73% of the stock is currently owned by corporate insiders.

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.