Shake Shack, Inc. $SHAK Shares Purchased by Madison Asset Management LLC

Madison Asset Management LLC increased its stake in shares of Shake Shack, Inc. (NYSE:SHAK) by 37.3% in the 4th quarter, Holdings Channel reports. The firm owned 58,404 shares of the company’s stock after purchasing an additional 15,852 shares during the period. Madison Asset Management LLC’s holdings in Shake Shack were worth $4,741,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SHAK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Shake Shack by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,627 shares of the company’s stock valued at $1,995,000 after acquiring an additional 976 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Shake Shack by 4,210.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,500 shares of the company’s stock valued at $220,000 after acquiring an additional 2,442 shares in the last quarter. United Services Automobile Association purchased a new stake in Shake Shack during the 1st quarter valued at about $219,000. Geneos Wealth Management Inc. purchased a new stake in Shake Shack during the 1st quarter valued at about $26,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Shake Shack by 159.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 748 shares of the company’s stock valued at $105,000 after acquiring an additional 460 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Insider Buying and Selling at Shake Shack

In other news, insider Stephanie Ann Sentell sold 258 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $102.21, for a total value of $26,370.18. Following the completion of the sale, the insider owned 15,084 shares of the company’s stock, valued at $1,541,735.64. This represents a 1.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.32% of the stock is currently owned by company insiders.

Shake Shack Stock Performance

Shake Shack stock opened at $63.89 on Thursday. The firm has a 50 day simple moving average of $91.80 and a 200-day simple moving average of $90.27. Shake Shack, Inc. has a 1-year low of $63.51 and a 1-year high of $144.65. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.66. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 65.19, a price-to-earnings-growth ratio of 2.73 and a beta of 1.78.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.11). Shake Shack had a net margin of 2.76% and a return on equity of 9.62%. The firm had revenue of $366.74 million during the quarter, compared to analysts’ expectations of $372.43 million. During the same period last year, the company earned $0.14 EPS. The business’s quarterly revenue was up 14.3% on a year-over-year basis. On average, analysts expect that Shake Shack, Inc. will post 1.24 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Zacks Research raised shares of Shake Shack from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Stifel Nicolaus raised shares of Shake Shack from a “hold” rating to a “buy” rating and dropped their price objective for the company from $105.00 to $85.00 in a research note on Friday, May 8th. Guggenheim dropped their price objective on shares of Shake Shack from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Monday. Mizuho set a $100.00 price objective on shares of Shake Shack in a research note on Friday, May 8th. Finally, Wolfe Research assumed coverage on shares of Shake Shack in a research note on Monday, March 9th. They set an “outperform” rating and a $118.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Shake Shack currently has an average rating of “Moderate Buy” and a consensus target price of $107.08.

Shake Shack 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.