Kettle Hill Capital Management LLC Buys Shares of 71,284 Shake Shack, Inc. $SHAK

Kettle Hill Capital Management LLC bought a new stake in shares of Shake Shack, Inc. (NYSE:SHAK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 71,284 shares of the company’s stock, valued at approximately $5,786,000. Kettle Hill Capital Management LLC owned 0.17% of Shake Shack as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Hilton Head Capital Partners LLC acquired a new stake in Shake Shack in the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. acquired a new stake in Shake Shack in the 1st quarter worth approximately $26,000. Assetmark Inc. boosted its stake 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 purchasing an additional 302 shares in the last quarter. UMB Bank n.a. boosted its stake 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 purchasing an additional 116 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Shake Shack in the 3rd quarter worth approximately $38,000. 86.07% of the stock is currently owned by institutional investors.

Shake Shack Stock Performance

Shares of NYSE SHAK opened at $58.36 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.66 and a debt-to-equity ratio of 0.45. Shake Shack, Inc. has a 12 month low of $51.60 and a 12 month high of $144.65. The company has a 50 day simple moving average of $77.65 and a two-hundred day simple moving average of $85.22. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 59.55, a PEG ratio of 2.56 and a beta of 1.63.

Analysts Set New Price Targets

SHAK has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $117.00 target price on shares of Shake Shack in a research note on Wednesday, April 15th. Gordon Haskett lowered their target price on shares of Shake Shack from $90.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Robert W. Baird lowered their target price on shares of Shake Shack from $76.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, June 4th. DA Davidson lowered their target price on shares of Shake Shack from $85.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, June 2nd. Finally, TD Cowen reiterated a “hold” rating and issued a $70.00 target price on shares of Shake Shack in a research note on Wednesday, June 3rd. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Shake Shack presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.56.

Insider Buying and Selling at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer acquired 32,258 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of $61.88 per share, for a total transaction of $1,996,125.04. Following the purchase, the director owned 378,670 shares in the company, valued at approximately $23,432,099.60. The trade was a 9.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Lynch acquired 5,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were acquired at an average price of $60.39 per share, with a total value of $301,950.00. Following the completion of the purchase, the chief executive officer owned 77,845 shares in the company, valued at approximately $4,701,059.55. This trade represents a 6.86% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 50,616 shares of company stock worth $3,109,782. Corporate insiders own 8.32% of the company’s stock.

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.