Swedbank AB Takes Position in Shake Shack, Inc. $SHAK

Swedbank AB bought a new stake in shares of Shake Shack, Inc. (NYSE:SHAK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,036,000 shares of the company’s stock, valued at approximately $84,092,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHAK. Geneos Wealth Management Inc. purchased a new position in Shake Shack during the first quarter worth $26,000. Assetmark Inc. raised its stake in shares of Shake Shack by 457.6% in the fourth quarter. Assetmark Inc. now owns 368 shares of the company’s stock valued at $30,000 after acquiring an additional 302 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Shake Shack by 83.7% in the 3rd quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock worth $31,000 after acquiring an additional 149 shares during the last quarter. Murphy & Mullick Capital Management Corp boosted its stake in shares of Shake Shack by 68.5% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 418 shares of the company’s stock worth $38,000 after purchasing an additional 170 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Shake Shack during the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Insiders Place Their Bets

In related news, insider Stephanie Ann Sentell sold 258 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $102.21, for a total value of $26,370.18. Following the completion of the sale, the insider directly owned 15,084 shares of the company’s stock, valued at $1,541,735.64. This represents a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SHAK has been the topic of a number of recent analyst reports. Raymond James Financial set a $140.00 price objective on shares of Shake Shack in a research report on Wednesday, January 21st. Bank of America raised Shake Shack from an “underperform” rating to a “neutral” rating and upped their target price for the company from $88.00 to $101.00 in a research note on Tuesday, March 31st. BNP Paribas Exane started coverage on Shake Shack in a research note on Monday, March 30th. They set an “outperform” rating and a $124.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on Shake Shack from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, Morgan Stanley upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $115.00 to $125.00 in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.67.

Shake Shack Trading Down 0.0%

SHAK opened at $96.56 on Thursday. The stock’s fifty day moving average is $94.54 and its two-hundred day moving average is $91.17. The company has a market capitalization of $4.12 billion, a P/E ratio of 88.59, a PEG ratio of 3.77 and a beta of 1.78. Shake Shack, Inc. has a 52 week low of $76.51 and a 52 week high of $144.65. The company has a quick ratio of 1.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.45.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, February 26th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. Shake Shack had a return on equity of 11.08% and a net margin of 3.16%.The business had revenue of $400.53 million during the quarter, compared to analysts’ expectations of $402.06 million. During the same period in the prior year, the business earned $0.26 EPS. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. Analysts forecast that Shake Shack, Inc. will post 1.4 earnings per share for the current year.

Shake Shack Company Profile

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.