Bridgewater Associates LP Buys 5,621 Shares of Shake Shack Inc. (NYSE:SHAK)

Bridgewater Associates LP grew its stake in Shake Shack Inc. (NYSE:SHAKGet Rating) by 5.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,489 shares of the company’s stock after acquiring an additional 5,621 shares during the period. Bridgewater Associates LP’s holdings in Shake Shack were worth $4,244,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Shake Shack by 122.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 439 shares of the company’s stock worth $30,000 after buying an additional 242 shares during the period. Prospera Financial Services Inc acquired a new stake in shares of Shake Shack during the 1st quarter worth approximately $72,000. KBC Group NV grew its position in shares of Shake Shack by 30.0% during the 1st quarter. KBC Group NV now owns 1,365 shares of the company’s stock worth $93,000 after buying an additional 315 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Shake Shack during the 1st quarter worth approximately $224,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Shake Shack during the first quarter valued at approximately $226,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Shake Shack Stock Performance

Shares of SHAK stock opened at $48.30 on Friday. The company’s fifty day simple moving average is $48.89 and its 200-day simple moving average is $47.11. The company has a quick ratio of 2.51, a current ratio of 2.54 and a debt-to-equity ratio of 0.57. The firm has a market cap of $2.04 billion, a PE ratio of -81.86 and a beta of 1.58. Shake Shack Inc. has a 12 month low of $37.72 and a 12 month high of $81.83.

Shake Shack (NYSE:SHAKGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). The business had revenue of $227.81 million for the quarter, compared to analyst estimates of $226.79 million. Shake Shack had a negative net margin of 2.67% and a negative return on equity of 3.52%. Equities research analysts expect that Shake Shack Inc. will post -0.42 EPS for the current fiscal year.

Insider Transactions at Shake Shack

In other news, COO Zach Koff sold 3,900 shares of the business’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $55.00, for a total value of $214,500.00. Following the sale, the chief operating officer now owns 31,085 shares of the company’s stock, valued at $1,709,675. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 9.98% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. BTIG Research decreased their price objective on shares of Shake Shack from $65.00 to $60.00 and set a “buy” rating for the company in a report on Monday, November 7th. Wedbush decreased their price objective on shares of Shake Shack from $61.00 to $58.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. Cowen decreased their price objective on shares of Shake Shack from $52.00 to $48.00 and set a “market perform” rating for the company in a report on Friday, August 5th. StockNews.com assumed coverage on shares of Shake Shack in a report on Wednesday, October 12th. They set a “sell” rating for the company. Finally, Cowen decreased their price objective on shares of Shake Shack from $52.00 to $48.00 and set a “market perform” rating for the company in a report on Friday, August 5th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Shake Shack has an average rating of “Hold” and an average price target of $61.88.

Shake Shack Company Profile

(Get Rating)

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 29, 2021, it operated 369 Shacks, including 218 domestic company-operated Shacks, 25 domestic licensed Shacks, and 126 international licensed Shacks.

Featured Articles

Want to see what other hedge funds are holding SHAK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shake Shack Inc. (NYSE:SHAKGet Rating).

Institutional Ownership by Quarter for Shake Shack (NYSE:SHAK)

Receive News & Ratings for Shake Shack Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shake Shack and related companies with MarketBeat.com's FREE daily email newsletter.