37,555 Shares in Shake Shack Inc. (NYSE:SHAK) Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new stake in Shake Shack Inc. (NYSE:SHAK) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 37,555 shares of the company’s stock, valued at approximately $2,784,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHAK. River Global Investors LLP grew its holdings in Shake Shack by 111.1% during the fourth quarter. River Global Investors LLP now owns 9,102 shares of the company’s stock valued at $675,000 after purchasing an additional 4,790 shares during the period. Natixis Advisors L.P. grew its stake in shares of Shake Shack by 7.5% during the 4th quarter. Natixis Advisors L.P. now owns 11,492 shares of the company’s stock worth $851,000 after acquiring an additional 797 shares during the period. Summit Financial LLC raised its stake in Shake Shack by 9.4% in the 4th quarter. Summit Financial LLC now owns 11,862 shares of the company’s stock valued at $879,000 after acquiring an additional 1,024 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in Shake Shack by 11.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 40,370 shares of the company’s stock worth $2,992,000 after buying an additional 4,163 shares during the period. Finally, Yousif Capital Management LLC grew its stake in Shake Shack by 5.8% in the 4th quarter. Yousif Capital Management LLC now owns 15,293 shares of the company’s stock valued at $1,134,000 after buying an additional 844 shares in the last quarter. 86.07% of the stock is owned by institutional investors.

Shake Shack Trading Down 1.7 %

Shares of Shake Shack stock traded down $1.88 during trading on Monday, reaching $105.59. The company’s stock had a trading volume of 1,156,296 shares, compared to its average volume of 954,661. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 191.99, a PEG ratio of 3.79 and a beta of 1.78. The firm’s 50-day moving average is $102.46 and its two-hundred day moving average is $81.12. Shake Shack Inc. has a 52-week low of $52.79 and a 52-week high of $111.29. The company has a quick ratio of 1.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.52.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The firm had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $291.00 million. During the same period last year, the firm earned ($0.01) earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Shake Shack Inc. will post 0.72 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Daniel Harris Meyer sold 30,000 shares of Shake Shack stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $95.25, for a total value of $2,857,500.00. Following the transaction, the director now directly owns 550,437 shares of the company’s stock, valued at $52,429,124.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $108.05, for a total transaction of $32,847.20. Following the transaction, the director now directly owns 4,058 shares of the company’s stock, valued at $438,466.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel Harris Meyer sold 30,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $95.25, for a total value of $2,857,500.00. Following the completion of the sale, the director now directly owns 550,437 shares of the company’s stock, valued at approximately $52,429,124.25. The disclosure for this sale can be found here. Insiders have sold 100,608 shares of company stock valued at $10,178,861 in the last ninety days. Company insiders own 10.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wedbush raised their price target on Shake Shack from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday. Oppenheimer upped their price target on Shake Shack from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Barclays upped their target price on shares of Shake Shack from $92.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday. Truist Financial raised their price target on shares of Shake Shack from $115.00 to $124.00 and gave the company a “buy” rating in a report on Friday. Finally, Raymond James upped their price target on shares of Shake Shack from $90.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $98.24.

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.