Sylebra HK Co Ltd Has $34,053,000 Holdings in Shake Shack, Inc. (SHAK)
Sylebra HK Co Ltd held its position in shares of Shake Shack, Inc. (NYSE:SHAK) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 976,303 shares of the company’s stock at the end of the 2nd quarter. Shake Shack accounts for about 3.1% of Sylebra HK Co Ltd’s portfolio, making the stock its 11th largest holding. Sylebra HK Co Ltd owned 3.76% of Shake Shack worth $34,053,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. FNY Partners Fund LP acquired a new stake in shares of Shake Shack during the first quarter worth $100,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Shake Shack by 206.3% during the first quarter. BNP Paribas Arbitrage SA now owns 3,666 shares of the company’s stock worth $122,000 after purchasing an additional 2,469 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Shake Shack by 109.7% during the first quarter. Victory Capital Management Inc. now owns 3,715 shares of the company’s stock worth $124,000 after purchasing an additional 1,943 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Shake Shack by 85.2% during the second quarter. State of Alaska Department of Revenue now owns 3,630 shares of the company’s stock worth $126,000 after purchasing an additional 1,670 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Shake Shack during the first quarter worth $137,000. Institutional investors and hedge funds own 82.30% of the company’s stock.
Shares of Shake Shack, Inc. (SHAK) traded up 1.56% during mid-day trading on Friday, hitting $33.77. The stock had a trading volume of 739,895 shares. The firm’s 50 day moving average price is $32.51 and its 200-day moving average price is $32.51. The company has a market cap of $877.38 million, a PE ratio of 58.83 and a beta of 1.33. Shake Shack, Inc. has a one year low of $30.52 and a one year high of $39.70.
Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.04. Shake Shack had a net margin of 4.70% and a return on equity of 8.71%. The company had revenue of $91.30 million during the quarter, compared to analysts’ expectations of $89.00 million. During the same period in the prior year, the company earned $0.14 earnings per share. The business’s quarterly revenue was up 37.3% compared to the same quarter last year. On average, equities research analysts anticipate that Shake Shack, Inc. will post $0.51 earnings per share for the current fiscal year.
In other news, CEO Randall J. Garutti sold 16,000 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $34.82, for a total transaction of $557,120.00. Following the completion of the transaction, the chief executive officer now owns 26,961 shares of the company’s stock, valued at $938,782.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Flug sold 14,050 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $31.54, for a total transaction of $443,137.00. Following the transaction, the director now directly owns 4,415 shares of the company’s stock, valued at approximately $139,249.10. The disclosure for this sale can be found here. Insiders have sold 150,452 shares of company stock valued at $4,779,481 over the last 90 days. Corporate insiders own 34.91% of the company’s stock.
SHAK has been the topic of a number of research analyst reports. BidaskClub upgraded Shake Shack from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Wedbush reiterated an “outperform” rating and issued a $40.00 target price (down previously from $43.00) on shares of Shake Shack in a report on Sunday, July 30th. Cowen and Company reiterated a “hold” rating and issued a $35.00 target price on shares of Shake Shack in a report on Tuesday, September 12th. SunTrust Banks, Inc. set a $48.00 target price on Shake Shack and gave the company a “buy” rating in a report on Tuesday, June 27th. Finally, Barclays PLC reduced their target price on Shake Shack from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $37.19.
About Shake Shack
Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.
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