Kettle Hill Capital Management LLC Takes Position in Shake Shack, Inc. $SHAK

Kettle Hill Capital Management LLC purchased a new position in Shake Shack, Inc. (NYSE:SHAK) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 71,284 shares of the company’s stock, valued at approximately $5,786,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new stake in Shake Shack in the 1st quarter worth $26,000. Hilton Head Capital Partners LLC purchased a new stake in Shake Shack in the 4th quarter worth $25,000. Assetmark Inc. increased its holdings in Shake Shack by 457.6% in the 4th quarter. Assetmark Inc. now owns 368 shares of the company’s stock worth $30,000 after acquiring an additional 302 shares in the last quarter. UMB Bank n.a. increased its holdings in Shake Shack by 42.2% in the 4th quarter. UMB Bank n.a. now owns 391 shares of the company’s stock worth $32,000 after acquiring an additional 116 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Shake Shack in the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Insider Activity

In other news, CEO Robert Lynch purchased 5,000 shares of the stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of $60.39 per share, with a total value of $301,950.00. Following the transaction, the chief executive officer owned 77,845 shares in the company, valued at $4,701,059.55. The trade was a 6.86% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Josh Silverman purchased 8,290 shares of the stock in a transaction dated Friday, May 15th. The shares were purchased at an average cost of $60.38 per share, for a total transaction of $500,550.20. Following the transaction, the director owned 8,290 shares in the company, valued at approximately $500,550.20. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 50,616 shares of company stock worth $3,109,782. Insiders own 8.32% of the company’s stock.

Shake Shack Price Performance

Shake Shack stock opened at $58.36 on Tuesday. The company has a fifty day simple moving average of $77.65 and a 200-day simple moving average of $85.22. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 59.55, a PEG ratio of 2.56 and a beta of 1.63. Shake Shack, Inc. has a 52-week low of $51.60 and a 52-week high of $144.65.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SHAK. The Goldman Sachs Group reissued a “buy” rating on shares of Shake Shack in a report on Friday, May 8th. Robert W. Baird cut their price target on shares of Shake Shack from $76.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, June 4th. Jefferies Financial Group reissued a “hold” rating and issued a $66.00 price target on shares of Shake Shack in a report on Tuesday, June 2nd. Wall Street Zen lowered shares of Shake Shack from a “hold” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, BNP Paribas Exane cut their price target on shares of Shake Shack from $100.00 to $77.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Sixteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Shake Shack presently has a consensus rating of “Moderate Buy” and an average price target of $94.56.

Shake Shack Company Profile

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.