GAMMA Investing LLC Invests $32,000 in Shake Shack Inc. (NYSE:SHAK)

GAMMA Investing LLC purchased a new position in shares of Shake Shack Inc. (NYSE:SHAK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 430 shares of the company’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of Shake Shack by 6.9% during the third quarter. SG Americas Securities LLC now owns 3,747 shares of the company’s stock worth $218,000 after buying an additional 243 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Shake Shack by 5.7% during the third quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the company’s stock worth $265,000 after buying an additional 247 shares during the period. Los Angeles Capital Management LLC boosted its holdings in Shake Shack by 1.4% in the third quarter. Los Angeles Capital Management LLC now owns 19,679 shares of the company’s stock valued at $1,143,000 after purchasing an additional 274 shares during the period. Natixis Advisors L.P. boosted its holdings in Shake Shack by 3.8% in the third quarter. Natixis Advisors L.P. now owns 10,695 shares of the company’s stock valued at $621,000 after purchasing an additional 388 shares during the period. Finally, RFG Advisory LLC boosted its holdings in Shake Shack by 10.3% in the fourth quarter. RFG Advisory LLC now owns 4,401 shares of the company’s stock valued at $326,000 after purchasing an additional 412 shares during the period. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Shake Shack Stock Up 2.4 %

SHAK opened at $107.47 on Monday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 195.40, a price-to-earnings-growth ratio of 3.80 and a beta of 1.78. Shake Shack Inc. has a one year low of $52.79 and a one year high of $110.90. The business’s 50-day simple moving average is $102.37 and its 200-day simple moving average is $80.77. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.01 and a current ratio of 2.03.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The firm had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $291.00 million. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) EPS. Analysts anticipate that Shake Shack Inc. will post 0.72 EPS for the current year.

Insider Activity at Shake Shack

In related news, Director Daniel Harris Meyer sold 30,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $95.25, for a total value of $2,857,500.00. Following the transaction, the director now owns 550,437 shares in the company, valued at approximately $52,429,124.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $108.05, for a total transaction of $32,847.20. Following the transaction, the director now owns 4,058 shares in the company, valued at approximately $438,466.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel Harris Meyer sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $95.25, for a total value of $2,857,500.00. Following the transaction, the director now owns 550,437 shares in the company, valued at approximately $52,429,124.25. The disclosure for this sale can be found here. Insiders have sold 100,608 shares of company stock worth $10,178,861 in the last quarter. Company insiders own 10.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SHAK shares. Robert W. Baird lifted their target price on Shake Shack from $102.00 to $105.00 and gave the company a “neutral” rating in a report on Friday. Barclays lifted their target price on Shake Shack from $92.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. lifted their target price on Shake Shack from $65.00 to $100.00 and gave the company an “underweight” rating in a report on Monday, March 4th. StockNews.com downgraded Shake Shack from a “hold” rating to a “sell” rating in a report on Monday, March 4th. Finally, Oppenheimer lifted their price target on Shake Shack from $108.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Shake Shack currently has an average rating of “Hold” and an average target price of $97.94.

Shake Shack Profile

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.