Lisanti Capital Growth LLC Acquires 1,420 Shares of Shake Shack Inc. (NYSE:SHAK)

Lisanti Capital Growth LLC boosted its holdings in shares of Shake Shack Inc. (NYSE:SHAK) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,975 shares of the company’s stock after buying an additional 1,420 shares during the quarter. Lisanti Capital Growth LLC owned approximately 0.09% of Shake Shack worth $4,055,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SHAK. Allspring Global Investments Holdings LLC bought a new position in shares of Shake Shack in the first quarter worth approximately $25,000. GAMMA Investing LLC bought a new position in shares of Shake Shack in the fourth quarter worth approximately $32,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Shake Shack in the first quarter worth approximately $97,000. AdvisorShares Investments LLC boosted its position in shares of Shake Shack by 533.8% in the fourth quarter. AdvisorShares Investments LLC now owns 1,781 shares of the company’s stock worth $132,000 after purchasing an additional 1,500 shares during the period. Finally, Strategic Blueprint LLC bought a new position in shares of Shake Shack in the first quarter worth approximately $225,000. 86.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SHAK has been the subject of a number of research reports. TD Cowen restated a “buy” rating and set a $125.00 target price on shares of Shake Shack in a research report on Thursday, June 13th. BTIG Research upped their target price on shares of Shake Shack from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. The Goldman Sachs Group initiated coverage on shares of Shake Shack in a research report on Thursday, June 13th. They set a “buy” rating and a $110.00 target price for the company. Wedbush upped their target price on shares of Shake Shack from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Finally, Oppenheimer upped their target price on shares of Shake Shack from $108.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $99.22.

Shake Shack Stock Up 0.3 %

Shake Shack stock traded up $0.28 during midday trading on Friday, hitting $84.73. 823,973 shares of the company’s stock were exchanged, compared to its average volume of 757,925. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.99 and a current ratio of 2.03. Shake Shack Inc. has a 12 month low of $52.79 and a 12 month high of $111.29. The firm has a 50-day moving average of $93.48 and a two-hundred day moving average of $91.49. The company has a market cap of $3.58 billion, a PE ratio of 154.06, a P/E/G ratio of 3.34 and a beta of 1.75.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. The business had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $291.00 million. During the same period last year, the business earned ($0.01) EPS. The company’s revenue was up 14.7% compared to the same quarter last year. As a group, analysts expect that Shake Shack Inc. will post 0.74 earnings per share for the current fiscal year.

About Shake Shack

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.