GAMMA Investing LLC Has $96,000 Stake in Shake Shack Inc. (NYSE:SHAK)

GAMMA Investing LLC lifted its stake in shares of Shake Shack Inc. (NYSE:SHAK) by 56.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 736 shares of the company’s stock after buying an additional 265 shares during the quarter. GAMMA Investing LLC’s holdings in Shake Shack were worth $96,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Xponance Inc. grew its position in Shake Shack by 4.5% in the 2nd quarter. Xponance Inc. now owns 2,395 shares of the company’s stock valued at $216,000 after purchasing an additional 103 shares during the period. Thrivent Financial for Lutherans grew its position in Shake Shack by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock valued at $3,241,000 after purchasing an additional 139 shares during the period. Brighton Jones LLC grew its position in Shake Shack by 1.1% in the 2nd quarter. Brighton Jones LLC now owns 17,909 shares of the company’s stock valued at $1,612,000 after purchasing an additional 187 shares during the period. Arizona State Retirement System grew its position in Shake Shack by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 10,500 shares of the company’s stock valued at $945,000 after purchasing an additional 196 shares during the period. Finally, Glenmede Trust Co. NA grew its position in Shake Shack by 1.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company’s stock valued at $1,372,000 after purchasing an additional 199 shares during the period. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Trading Down 3.2 %

NYSE SHAK opened at $128.61 on Friday. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 756.53, a PEG ratio of 2.83 and a beta of 1.86. Shake Shack Inc. has a one year low of $64.16 and a one year high of $139.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. The business’s fifty day moving average is $130.04 and its 200-day moving average is $109.89.

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

Analysts Set New Price Targets

SHAK has been the subject of several research reports. Truist Financial lifted their price target on shares of Shake Shack from $147.00 to $149.00 and gave the company a “buy” rating in a research report on Wednesday. TD Cowen restated a “buy” rating and set a $125.00 price objective on shares of Shake Shack in a research note on Wednesday, September 18th. Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $125.00 to $159.00 in a research note on Tuesday. Stifel Nicolaus raised their price objective on Shake Shack from $115.00 to $128.00 and gave the company a “hold” rating in a research note on Friday. Finally, Oppenheimer raised their price objective on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $122.89.

Insider Activity at Shake Shack

In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total transaction of $88,281.42. Following the completion of the transaction, the chief financial officer now owns 30,717 shares of the company’s stock, valued at $4,223,894.67. The trade was a 2.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel Harris Meyer sold 30,000 shares of Shake Shack stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $121.79, for a total value of $3,653,700.00. Following the transaction, 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. In the last three months, insiders have sold 53,333 shares of company stock worth $6,566,330. Company insiders own 9.73% of the company’s stock.

Shake Shack 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.