River Global Investors LLP Has $675,000 Position in Shake Shack Inc. (NYSE:SHAK)

River Global Investors LLP grew its stake in Shake Shack Inc. (NYSE:SHAK) by 111.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,102 shares of the company’s stock after buying an additional 4,790 shares during the period. River Global Investors LLP’s holdings in Shake Shack were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in shares of Shake Shack by 6.9% in the 3rd quarter. SG Americas Securities LLC now owns 3,747 shares of the company’s stock worth $218,000 after buying an additional 243 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Shake Shack by 5.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the company’s stock valued at $265,000 after buying an additional 247 shares in the last quarter. Los Angeles Capital Management LLC grew its position in shares of Shake Shack by 1.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 19,679 shares of the company’s stock valued at $1,143,000 after purchasing an additional 274 shares in the last quarter. Natixis Advisors L.P. increased its stake in Shake Shack by 3.8% in the 3rd quarter. Natixis Advisors L.P. now owns 10,695 shares of the company’s stock worth $621,000 after acquiring an additional 388 shares during the last quarter. Finally, RFG Advisory LLC raised its stake in Shake Shack by 10.3% in the fourth quarter. RFG Advisory LLC now owns 4,401 shares of the company’s stock valued at $326,000 after purchasing an additional 412 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SHAK has been the topic of a number of analyst reports. Oppenheimer boosted their price objective on shares of Shake Shack from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. UBS Group boosted their target price on shares of Shake Shack from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley lifted their price target on shares of Shake Shack from $88.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. raised their price objective on Shake Shack from $65.00 to $100.00 and gave the stock an “underweight” rating in a research note on Monday, March 4th. Finally, BTIG Research lifted their target price on Shake Shack from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $98.24.

Insider Buying and Selling

In other news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total value of $31,315.04. Following the completion of the sale, the director now directly owns 3,754 shares in the company, valued at $386,699.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Daniel Harris Meyer sold 40,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $106.34, for a total value of $4,253,600.00. Following the sale, the director now directly owns 480,437 shares in the company, valued at $51,089,670.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total transaction of $31,315.04. Following the transaction, the director now owns 3,754 shares of the company’s stock, valued at approximately $386,699.54. The disclosure for this sale can be found here. Insiders sold 100,608 shares of company stock valued at $10,178,861 over the last quarter. 10.06% of the stock is currently owned by company insiders.

Shake Shack Stock Down 1.4 %

Shares of NYSE:SHAK traded down $1.47 during trading hours on Monday, hitting $106.00. The company’s stock had a trading volume of 686,596 shares, compared to its average volume of 948,999. The firm’s fifty day moving average price is $102.37 and its 200 day moving average price is $80.77. Shake Shack Inc. has a 52 week low of $52.79 and a 52 week high of $111.29. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 197.80, a P/E/G ratio of 3.79 and a beta of 1.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 1.99.

Shake Shack (NYSE:SHAK) last posted its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $290.50 million for the quarter, compared to analyst estimates of $291.00 million. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. As a group, research analysts expect that Shake Shack Inc. will post 0.72 EPS for the current year.

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.