15,000 Shares in Shake Shack, Inc. $SHAK Bought by Fund 1 Investments LLC

Fund 1 Investments LLC purchased a new stake in shares of Shake Shack, Inc. (NYSE:SHAK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,000 shares of the company’s stock, valued at approximately $840,000.

Several other institutional investors have also added to or reduced their stakes in SHAK. Swedbank AB purchased a new position in shares of Shake Shack in the fourth quarter valued at about $84,092,000. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Shake Shack during the fourth quarter worth about $40,829,000. Wellington Management Group LLP boosted its holdings in shares of Shake Shack by 21.0% during the third quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company’s stock worth $242,535,000 after purchasing an additional 450,406 shares during the period. Marshall Wace LLP grew its stake in shares of Shake Shack by 285.2% in the third quarter. Marshall Wace LLP now owns 586,999 shares of the company’s stock worth $54,949,000 after purchasing an additional 434,625 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Shake Shack in the fourth quarter worth about $20,455,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

SHAK has been the subject of a number of recent analyst reports. BNP Paribas Exane upped their price target on Shake Shack from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Wells Fargo & Company cut their price objective on Shake Shack from $80.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd. Piper Sandler reduced their target price on Shake Shack from $79.00 to $66.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. The Goldman Sachs Group restated a “buy” rating on shares of Shake Shack in a report on Friday, May 8th. Finally, Weiss Ratings lowered Shake Shack from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Shake Shack presently has an average rating of “Moderate Buy” and a consensus price target of $89.74.

Shake Shack Stock Down 1.5%

Shares of NYSE:SHAK opened at $72.97 on Thursday. Shake Shack, Inc. has a 52-week low of $51.60 and a 52-week high of $107.49. The firm has a market capitalization of $3.12 billion, a P/E ratio of 77.63, a P/E/G ratio of 8.10 and a beta of 1.63. The stock has a 50 day moving average price of $63.01 and a 200-day moving average price of $76.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.64 and a current ratio of 1.67.

Shake Shack (NYSE:SHAK) last released its earnings results on Wednesday, August 5th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. Shake Shack had a return on equity of 9.29% and a net margin of 2.56%.The company had revenue of $417.62 million during the quarter, compared to analysts’ expectations of $417.18 million. During the same quarter last year, the business posted $0.44 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Shake Shack, Inc. will post 1.13 EPS for the current fiscal year.

About Shake Shack

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.