Healthcare of Ontario Pension Plan Trust Fund Invests $867,000 in Shake Shack Inc. (NYSE:SHAK)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Shake Shack Inc. (NYSE:SHAK) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 8,400 shares of the company’s stock, valued at approximately $867,000.

A number of other large investors have also recently bought and sold shares of the business. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Shake Shack in the third quarter worth about $41,000. Quest Partners LLC acquired a new position in Shake Shack during the second quarter valued at approximately $38,000. Kimelman & Baird LLC bought a new position in shares of Shake Shack in the second quarter valued at approximately $45,000. Covestor Ltd lifted its stake in shares of Shake Shack by 41.6% in the third 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. Finally, CWM LLC boosted its holdings in shares of Shake Shack by 24.7% during the 2nd quarter. CWM LLC now owns 1,046 shares of the company’s stock worth $94,000 after buying an additional 207 shares during the period. 86.07% of the stock is currently owned by institutional investors.

Insider Activity at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 321 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $103.93, for a total transaction of $33,361.53. Following the completion of the transaction, the chief financial officer now directly owns 36,180 shares in the company, valued at approximately $3,760,187.40. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel Harris Meyer sold 22,691 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $124.47, for a total transaction of $2,824,348.77. Following the transaction, the director now owns 437,646 shares of the company’s stock, valued at approximately $54,473,797.62. This represents a 4.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,433 shares of company stock worth $7,654,856 over the last ninety days. Company insiders own 9.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SHAK. JPMorgan Chase & Co. reissued an “underweight” rating and set a $102.00 target price (down previously from $105.00) on shares of Shake Shack in a research report on Tuesday, September 24th. Truist Financial increased their target price on Shake Shack from $127.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Cowen reaffirmed a “buy” rating and issued a $125.00 price target on shares of Shake Shack in a research report on Wednesday, September 18th. Barclays increased their price objective on Shake Shack from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, Bank of America boosted their target price on shares of Shake Shack from $104.00 to $116.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $112.94.

Shake Shack Stock Down 0.2 %

Shares of NYSE:SHAK opened at $133.50 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51. The firm has a market cap of $5.67 billion, a P/E ratio of 785.29, a P/E/G ratio of 3.04 and a beta of 1.81. Shake Shack Inc. has a 12 month low of $60.84 and a 12 month high of $135.76. The company’s 50-day moving average price is $117.05 and its two-hundred day moving average price is $102.58.

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

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.