R Squared Ltd Makes New Investment in Shake Shack Inc. (NYSE:SHAK)

R Squared Ltd purchased a new stake in 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 institutional investor purchased 430 shares of the company’s stock, valued at approximately $56,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SHAK. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Shake Shack during the third quarter worth $41,000. Covestor Ltd increased its holdings in shares of Shake Shack by 41.6% in the third quarter. Covestor Ltd now owns 698 shares of the company’s stock worth $72,000 after acquiring an additional 205 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of Shake Shack by 76.1% during the 3rd quarter. Quest Partners LLC now owns 752 shares of the company’s stock valued at $78,000 after purchasing an additional 325 shares in the last quarter. GAMMA Investing LLC increased its stake in Shake Shack by 56.3% during the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $96,000 after purchasing an additional 265 shares in the last quarter. Finally, KBC Group NV lifted its stake in Shake Shack by 24.1% in the third quarter. KBC Group NV now owns 1,206 shares of the company’s stock valued at $124,000 after buying an additional 234 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors.

Shake Shack Trading Down 3.2 %

SHAK stock opened at $118.23 on Friday. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of 695.47, a price-to-earnings-growth ratio of 1.61 and a beta of 1.86. The company has a fifty day moving average price of $128.17 and a two-hundred day moving average price of $113.73. Shake Shack Inc. has a one year low of $73.75 and a one year high of $139.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The business had revenue of $316.92 million for the quarter, compared to analyst estimates of $316.03 million. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. Shake Shack’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 EPS. Equities analysts anticipate that Shake Shack Inc. will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SHAK. Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Wednesday, January 8th. Stifel Nicolaus decreased their price objective on Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a report on Friday, January 17th. UBS Group boosted their target price on Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Oppenheimer lifted their price objective on shares of Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, Barclays upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $125.00 to $159.00 in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Shake Shack currently has an average rating of “Hold” and a consensus target price of $123.78.

Insider Activity

In related news, CFO Katherine Irene Fogertey sold 642 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the transaction, the chief financial officer now directly owns 30,717 shares in the company, valued at approximately $4,223,894.67. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 9.73% of the stock is owned by company insiders.

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.