Van Berkom & Associates Inc. Sells 16,999 Shares of Shake Shack Inc. (NYSE:SHAK)

Van Berkom & Associates Inc. trimmed its position in Shake Shack Inc. (NYSE:SHAK) by 2.3% during the second quarter, HoldingsChannel.com reports. The firm owned 729,834 shares of the company’s stock after selling 16,999 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Shake Shack were worth $65,685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in Shake Shack during the 1st quarter worth about $25,000. Quest Partners LLC bought a new position in Shake Shack in the second quarter valued at approximately $38,000. Covestor Ltd increased its position in shares of Shake Shack by 32,150.0% during the 1st quarter. Covestor Ltd now owns 645 shares of the company’s stock worth $67,000 after purchasing an additional 643 shares during the last quarter. CWM LLC raised its stake in shares of Shake Shack by 24.7% during the 2nd quarter. CWM LLC now owns 1,046 shares of the company’s stock worth $94,000 after purchasing an additional 207 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Shake Shack in the 1st quarter valued at approximately $97,000. 86.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Shake Shack news, Director Daniel Harris Meyer sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $110.24, for a total value of $1,102,400.00. Following the transaction, the director now directly owns 470,437 shares of the company’s stock, valued at approximately $51,860,974.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Shake Shack news, Director Daniel Harris Meyer sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $110.24, for a total value of $1,102,400.00. Following the sale, the director now owns 470,437 shares of the company’s stock, valued at approximately $51,860,974.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Katherine Irene Fogertey sold 321 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $95.10, for a total value of $30,527.10. Following the transaction, the chief financial officer now directly owns 37,143 shares of the company’s stock, valued at approximately $3,532,299.30. The disclosure for this sale can be found here. Insiders sold 12,213 shares of company stock valued at $1,311,175 over the last quarter. 9.73% of the stock is owned by company insiders.

Shake Shack Stock Performance

Shares of NYSE:SHAK traded up $5.30 on Monday, reaching $98.65. 81,839 shares of the company’s stock were exchanged, compared to its average volume of 937,014. The company has a current ratio of 2.06, a quick ratio of 2.03 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 169.73, a PEG ratio of 2.77 and a beta of 1.83. The company has a fifty day moving average of $94.03 and a 200-day moving average of $97.42. Shake Shack Inc. has a twelve month low of $52.79 and a twelve month high of $111.29.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $316.50 million during the quarter, compared to analysts’ expectations of $314.37 million. Shake Shack had a return on equity of 5.63% and a net margin of 2.23%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. On average, research analysts predict that Shake Shack Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SHAK. Bank of America boosted their target price on shares of Shake Shack from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $115.00 target price on shares of Shake Shack in a research note on Wednesday, August 28th. Capital One Financial initiated coverage on Shake Shack in a research report on Monday, July 29th. They set an “overweight” rating and a $95.00 price target on the stock. Wedbush reaffirmed a “neutral” rating and issued a $90.00 price objective on shares of Shake Shack in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. lifted their target price on Shake Shack from $102.00 to $105.00 and gave the stock an “underweight” rating in a research note on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $106.37.

Shake Shack Company 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.