Y Intercept Hong Kong Ltd Takes $8.42 Million Position in Shake Shack, Inc. $SHAK

Y Intercept Hong Kong Ltd bought a new stake in shares of Shake Shack, Inc. (NYSE:SHAK) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 89,900 shares of the company’s stock, valued at approximately $8,416,000. Y Intercept Hong Kong Ltd owned about 0.21% of Shake Shack at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. bought a new position in Shake Shack during the second quarter worth about $222,000. Nordea Investment Management AB boosted its holdings in shares of Shake Shack by 36.6% in the third quarter. Nordea Investment Management AB now owns 106,317 shares of the company’s stock worth $9,851,000 after acquiring an additional 28,487 shares during the period. Fisher Asset Management LLC grew its position in shares of Shake Shack by 30.4% in the second quarter. Fisher Asset Management LLC now owns 514,770 shares of the company’s stock valued at $72,377,000 after purchasing an additional 120,030 shares in the last quarter. Waratah Capital Advisors Ltd. purchased a new position in shares of Shake Shack in the second quarter valued at $1,552,000. Finally, Divisadero Street Capital Management LP bought a new stake in shares of Shake Shack during the 2nd quarter valued at $1,578,000. Institutional investors own 86.07% of the company’s stock.

Insider Activity

In related news, insider Stephanie Ann Sentell sold 1,100 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $85.14, for a total value of $93,654.00. Following the completion of the transaction, the insider directly owned 9,907 shares in the company, valued at approximately $843,481.98. The trade was a 9.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 1,500 shares of company stock worth $130,648. Insiders own 8.50% of the company’s stock.

Shake Shack Stock Down 0.5%

SHAK stock opened at $92.15 on Friday. The company’s 50 day moving average is $86.87 and its 200 day moving average is $99.28. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 90.34, a price-to-earnings-growth ratio of 2.39 and a beta of 1.68. The company has a current ratio of 1.84, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46. Shake Shack, Inc. has a 1-year low of $72.93 and a 1-year high of $144.65.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, October 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.05. The business had revenue of $367.41 million during the quarter, compared to analyst estimates of $363.69 million. Shake Shack had a net margin of 3.10% and a return on equity of 10.43%. Shake Shack’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share. Sell-side analysts predict that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Tuesday, January 6th. Morgan Stanley upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $115.00 to $125.00 in a research report on Tuesday. Wells Fargo & Company reduced their price objective on shares of Shake Shack from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Loop Capital upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and increased their target price for the stock from $98.00 to $127.00 in a research note on Friday, November 14th. Finally, Stifel Nicolaus cut their price target on shares of Shake Shack from $110.00 to $105.00 and set a “hold” rating for the company in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $116.52.

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.