Shake Shack Inc. (NYSE:SHAK) Stock Position Raised by Trexquant Investment LP

Trexquant Investment LP increased its position in Shake Shack Inc. (NYSE:SHAKGet Rating) by 65.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,808 shares of the company’s stock after purchasing an additional 6,661 shares during the period. Trexquant Investment LP’s holdings in Shake Shack were worth $664,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHAK. Vanguard Group Inc. lifted its holdings in shares of Shake Shack by 1.2% in the first quarter. Vanguard Group Inc. now owns 4,071,207 shares of the company’s stock valued at $276,435,000 after purchasing an additional 48,614 shares in the last quarter. State Street Corp raised its position in Shake Shack by 3.5% during the first quarter. State Street Corp now owns 1,267,146 shares of the company’s stock valued at $86,039,000 after buying an additional 43,087 shares during the period. Van Berkom & Associates Inc. lifted its stake in Shake Shack by 43.7% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,047,116 shares of the company’s stock worth $41,340,000 after acquiring an additional 318,266 shares in the last quarter. Royal Bank of Canada lifted its stake in Shake Shack by 4.4% in the 1st quarter. Royal Bank of Canada now owns 368,613 shares of the company’s stock worth $25,027,000 after acquiring an additional 15,473 shares in the last quarter. Finally, Pertento Partners LLP grew its stake in Shake Shack by 49.5% during the 1st quarter. Pertento Partners LLP now owns 284,386 shares of the company’s stock valued at $19,310,000 after acquiring an additional 94,176 shares in the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Zach Koff sold 3,900 shares of the firm’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 in the company, valued at $1,709,675. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 9.98% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SHAK has been the subject of a number of research analyst reports. Barclays reduced their price target on shares of Shake Shack to $44.00 in a research report on Tuesday, August 9th. Cowen lowered their price target on shares of Shake Shack from $52.00 to $48.00 and set a “market perform” rating on the stock in a report on Friday, August 5th. Wedbush cut their price objective on Shake Shack from $61.00 to $58.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. StockNews.com assumed coverage on Shake Shack in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Shake Shack from $53.00 to $56.00 and gave the stock a “hold” rating in a research note on Monday, November 7th. Two equities research 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.88.

Shake Shack Stock Up 1.9 %

Shares of NYSE:SHAK opened at $48.30 on Friday. 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 stock’s 50-day moving average is $48.89 and its 200-day moving average is $47.11. Shake Shack Inc. has a 52-week low of $37.72 and a 52-week high of $81.83.

Shake Shack (NYSE:SHAKGet Rating) last announced its earnings results on Thursday, November 3rd. The company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). The firm had revenue of $227.81 million during the quarter, compared to the consensus estimate of $226.79 million. Shake Shack had a negative return on equity of 3.52% and a negative net margin of 2.67%. On average, sell-side analysts forecast that Shake Shack Inc. will post -0.42 earnings per share for the current fiscal year.

Shake Shack 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.

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

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