500 Shares in Shake Shack Inc. (NYSE:SHAK) Purchased by Kimelman & Baird LLC

Kimelman & Baird LLC bought a new stake in shares of Shake Shack Inc. (NYSE:SHAK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 500 shares of the company’s stock, valued at approximately $45,000.

Other institutional investors have also added to or reduced their stakes in the company. Xponance Inc. boosted its stake in shares of Shake Shack by 4.5% during the second quarter. Xponance Inc. now owns 2,395 shares of the company’s stock valued at $216,000 after purchasing an additional 103 shares in the last quarter. Brighton Jones LLC boosted its position in Shake Shack by 1.1% during the 2nd quarter. Brighton Jones LLC now owns 17,909 shares of the company’s stock valued at $1,612,000 after acquiring an additional 187 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Shake Shack by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 10,500 shares of the company’s stock valued at $945,000 after acquiring an additional 196 shares during the period. CWM LLC raised its position in shares of Shake Shack by 24.7% in the 2nd quarter. CWM LLC now owns 1,046 shares of the company’s stock worth $94,000 after acquiring an additional 207 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Shake Shack by 5.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,855 shares of the company’s stock worth $347,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Performance

SHAK opened at $103.21 on Tuesday. The firm has a 50 day moving average of $99.69 and a two-hundred day moving average of $97.50. The firm has a market capitalization of $4.37 billion, a PE ratio of 187.65, a P/E/G ratio of 3.13 and a beta of 1.83. The company has a current ratio of 2.06, a quick ratio of 2.03 and a debt-to-equity ratio of 0.51. Shake Shack Inc. has a 12-month low of $52.79 and a 12-month high of $111.29.

Shake Shack (NYSE:SHAK) last posted its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. Shake Shack had a net margin of 2.23% and a return on equity of 5.63%. The company had revenue of $316.50 million during the quarter, compared to the consensus estimate of $314.37 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. On average, analysts anticipate that Shake Shack Inc. will post 0.73 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on SHAK shares. Morgan Stanley cut their target price on Shake Shack from $108.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Wedbush reiterated a “neutral” rating and set a $90.00 price objective on shares of Shake Shack in a research note on Thursday, August 1st. Robert W. Baird increased their target price on shares of Shake Shack from $93.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Barclays lifted their price target on shares of Shake Shack from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $102.00 price objective (down previously from $105.00) on shares of Shake Shack in a report on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $107.39.

Insider Transactions at Shake Shack

In other Shake Shack news, CFO Katherine Irene Fogertey sold 963 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $96.03, for a total value of $92,476.89. Following the completion of the transaction, the chief financial officer now directly owns 37,464 shares of the company’s stock, valued at $3,597,667.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Shake Shack news, CFO Katherine Irene Fogertey sold 963 shares of Shake Shack stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $96.03, for a total value of $92,476.89. Following the completion of the transaction, the chief financial officer now owns 37,464 shares of the company’s stock, valued at $3,597,667.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel Harris Meyer sold 10,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the sale, the director now directly owns 470,437 shares in the company, valued at $51,860,974.88. The disclosure for this sale can be found here. Insiders have sold 12,313 shares of company stock worth $1,322,180 over the last quarter. 9.73% of the stock is currently owned by insiders.

Shake Shack Company 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.