Rye Brook Capital LLC Sells 400 Shares of Shake Shack Inc. (NYSE:SHAK)

Rye Brook Capital LLC trimmed its position in Shake Shack Inc. (NYSE:SHAK) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 38,800 shares of the company’s stock after selling 400 shares during the period. Shake Shack comprises 1.5% of Rye Brook Capital LLC’s investment portfolio, making the stock its 15th biggest position. Rye Brook Capital LLC owned approximately 0.09% of Shake Shack worth $2,876,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Strs Ohio bought a new stake in Shake Shack in the 4th quarter worth about $2,742,000. Vontobel Holding Ltd. bought a new stake in Shake Shack in the 4th quarter worth about $426,000. Louisiana State Employees Retirement System bought a new position in shares of Shake Shack during the 4th quarter valued at approximately $1,393,000. RPG Investment Advisory LLC grew its position in shares of Shake Shack by 1.2% during the 4th quarter. RPG Investment Advisory LLC now owns 121,301 shares of the company’s stock valued at $8,991,000 after acquiring an additional 1,411 shares during the period. Finally, RFG Advisory LLC grew its position in shares of Shake Shack by 10.3% during the 4th quarter. RFG Advisory LLC now owns 4,401 shares of the company’s stock valued at $326,000 after acquiring an additional 412 shares during the period. 86.07% of the stock is owned by institutional investors.

Insider Activity at Shake Shack

In related news, Director Jeffrey Flug sold 304 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $108.05, for a total transaction of $32,847.20. Following the transaction, the director now owns 4,058 shares of the company’s stock, valued at approximately $438,466.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $108.05, for a total value of $32,847.20. Following the sale, the director now owns 4,058 shares of the company’s stock, valued at approximately $438,466.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel Harris Meyer sold 30,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $95.25, for a total transaction of $2,857,500.00. Following the completion of the sale, the director now directly owns 550,437 shares in the company, valued at approximately $52,429,124.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,912 shares of company stock valued at $10,201,834. Insiders own 10.06% of the company’s stock.

Shake Shack Price Performance

Shares of NYSE:SHAK traded down $0.10 during trading on Monday, reaching $97.11. The company had a trading volume of 586,353 shares, compared to its average volume of 975,800. The company has a fifty day moving average of $98.74 and a two-hundred day moving average of $76.39. The stock has a market capitalization of $4.11 billion, a P/E ratio of 211.10, a price-to-earnings-growth ratio of 3.66 and a beta of 1.80. Shake Shack Inc. has a 12 month low of $52.64 and a 12 month high of $110.90. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.52.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.02 EPS for the quarter. Shake Shack had a net margin of 1.82% and a return on equity of 3.67%. The firm had revenue of $286.20 million for the quarter, compared to analyst estimates of $280.45 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The business’s revenue for the quarter was up 20.0% compared to the same quarter last year. Equities research analysts forecast that Shake Shack Inc. will post 0.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SHAK. Robert W. Baird increased their target price on shares of Shake Shack from $67.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. increased their target price on shares of Shake Shack from $65.00 to $100.00 and gave the company an “underweight” rating in a research report on Monday, March 4th. TD Cowen reissued a “buy” rating and set a $125.00 target price on shares of Shake Shack in a research report on Wednesday, April 10th. Truist Financial increased their target price on shares of Shake Shack from $112.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Wedbush restated a “neutral” rating and set a $80.00 price target on shares of Shake Shack in a research note on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Shake Shack has an average rating of “Hold” and a consensus target price of $88.67.

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.