Shake Shack Inc. (NYSE:SHAK) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in shares of Shake Shack Inc. (NYSE:SHAK) by 396.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,303 shares of the company’s stock after purchasing an additional 27,389 shares during the quarter. Intech Investment Management LLC owned about 0.08% of Shake Shack worth $3,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in SHAK. Russell Investments Group Ltd. increased its position in Shake Shack by 61,625.0% in the first quarter. Russell Investments Group Ltd. now owns 2,469 shares of the company’s stock worth $257,000 after buying an additional 2,465 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of Shake Shack during the first quarter worth about $311,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of Shake Shack by 20.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 37,535 shares of the company’s stock worth $3,903,000 after acquiring an additional 6,411 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Shake Shack by 7.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,883 shares of the company’s stock valued at $2,173,000 after purchasing an additional 1,358 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC bought a new position in Shake Shack in the 1st quarter worth about $418,000. Institutional investors own 86.07% of the company’s stock.

Shake Shack Price Performance

NYSE SHAK opened at $123.01 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.51. Shake Shack Inc. has a 1 year low of $59.92 and a 1 year high of $134.90. The company has a market cap of $5.23 billion, a PE ratio of 723.59, a PEG ratio of 2.78 and a beta of 1.81. The stock’s 50-day moving average price is $113.75 and its two-hundred day moving average price is $101.38.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The business had revenue of $316.92 million for the quarter, compared to analyst estimates of $316.03 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. On average, analysts predict that Shake Shack Inc. will post 0.82 EPS for the current year.

Insider Transactions at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 10,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $110.08, for a total value of $1,100,800.00. Following the completion of the sale, the director now owns 460,337 shares in the company, valued at $50,673,896.96. This represents a 2.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Katherine Irene Fogertey sold 321 shares of Shake Shack stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $98.57, for a total transaction of $31,640.97. Following the sale, the chief financial officer now directly owns 36,822 shares of the company’s stock, valued at $3,629,544.54. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,433 shares of company stock valued at $7,654,856 over the last quarter. Company insiders own 9.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $115.00 price target on shares of Shake Shack in a research report on Wednesday, August 28th. Oppenheimer raised their target price on shares of Shake Shack from $122.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. The Goldman Sachs Group upped their price target on shares of Shake Shack from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Truist Financial raised their price objective on shares of Shake Shack from $127.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Wedbush restated a “neutral” rating and issued a $90.00 target price on shares of Shake Shack in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $112.94.

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.