5,000 Shares in Shake Shack, Inc. $SHAK Bought by Templeton & Phillips Capital Management LLC

Templeton & Phillips Capital Management LLC bought a new position in shares of Shake Shack, Inc. (NYSE:SHAK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,000 shares of the company’s stock, valued at approximately $703,000. Shake Shack comprises approximately 0.5% of Templeton & Phillips Capital Management LLC’s investment portfolio, making the stock its 21st largest holding.

Several other institutional investors have also recently made changes to their positions in SHAK. GAMMA Investing LLC raised its holdings in shares of Shake Shack by 52.6% during the first quarter. GAMMA Investing LLC now owns 1,123 shares of the company’s stock worth $99,000 after purchasing an additional 387 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Shake Shack by 53.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,421 shares of the company’s stock worth $566,000 after purchasing an additional 2,229 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Shake Shack by 157.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,957 shares of the company’s stock worth $525,000 after purchasing an additional 3,642 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Shake Shack by 60.7% during the first quarter. Bessemer Group Inc. now owns 5,874 shares of the company’s stock worth $518,000 after purchasing an additional 2,218 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Shake Shack by 4,087.6% during the first quarter. KBC Group NV now owns 75,754 shares of the company’s stock worth $6,679,000 after purchasing an additional 73,945 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SHAK. Wells Fargo & Company reduced their target price on shares of Shake Shack from $125.00 to $100.00 and set an “equal weight” rating for the company in a report on Thursday, October 16th. Bank of America reissued an “underperform” rating and set a $86.00 target price (down previously from $148.00) on shares of Shake Shack in a report on Monday, October 6th. The Goldman Sachs Group cut their price objective on shares of Shake Shack from $160.00 to $137.00 and set a “buy” rating for the company in a report on Tuesday, September 30th. Loop Capital reaffirmed a “hold” rating and issued a $127.00 price objective on shares of Shake Shack in a report on Tuesday, July 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Shake Shack in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Shake Shack currently has an average rating of “Hold” and an average target price of $121.60.

Shake Shack Stock Down 1.6%

SHAK opened at $89.74 on Thursday. The company has a fifty day moving average of $97.13 and a two-hundred day moving average of $110.96. Shake Shack, Inc. has a fifty-two week low of $72.93 and a fifty-two week high of $144.65. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 195.09, a PEG ratio of 2.21 and a beta of 1.65. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.89 and a current ratio of 1.92.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, July 31st. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.07. Shake Shack had a net margin of 1.50% and a return on equity of 9.78%. The business had revenue of $356.47 million for the quarter, compared to analyst estimates of $352.56 million. During the same quarter last year, the business earned $0.27 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, research analysts expect that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

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.