Creative Planning Acquires 3,817 Shares of Shake Shack Inc. (NYSE:SHAK)

Creative Planning increased its position in Shake Shack Inc. (NYSE:SHAK) by 64.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,763 shares of the company’s stock after purchasing an additional 3,817 shares during the quarter. Creative Planning’s holdings in Shake Shack were worth $1,008,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SHAK. Quent Capital LLC grew its position in Shake Shack by 144.2% during the 3rd quarter. Quent Capital LLC now owns 5,081 shares of the company’s stock valued at $532,000 after purchasing an additional 3,000 shares during the last quarter. Kimelman & Baird LLC bought a new stake in Shake Shack during the second quarter valued at about $45,000. Algert Global LLC purchased a new stake in Shake Shack in the 2nd quarter worth approximately $340,000. Susquehanna Fundamental Investments LLC lifted its stake in shares of Shake Shack by 40.9% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 26,227 shares of the company’s stock valued at $2,360,000 after buying an additional 7,610 shares in the last quarter. Finally, Shellback Capital LP grew its position in shares of Shake Shack by 18.2% during the second quarter. Shellback Capital LP now owns 65,000 shares of the company’s stock worth $5,850,000 after purchasing an additional 10,000 shares in the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SHAK has been the topic of several research reports. Capital One Financial initiated coverage on Shake Shack in a report on Monday, July 29th. They issued an “overweight” rating and a $95.00 target price on the stock. Wedbush restated a “neutral” rating and issued a $90.00 price objective on shares of Shake Shack in a report on Thursday, August 1st. Bank of America lifted their price target on Shake Shack from $104.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, August 19th. 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. Finally, Morgan Stanley cut their price objective on shares of Shake Shack from $108.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Shake Shack presently has a consensus rating of “Hold” and an average price target of $109.06.

Insider Transactions at Shake Shack

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $90.39, for a total transaction of $27,478.56. Following the completion of the sale, the director now directly owns 3,347 shares in the company, valued at approximately $302,535.33. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a 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 firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $90.39, for a total value of $27,478.56. Following the transaction, the director now directly owns 3,347 shares of the company’s stock, valued at $302,535.33. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Katherine Irene Fogertey sold 321 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $95.10, for a total value of $30,527.10. Following the completion of the sale, the chief financial officer now owns 37,143 shares of the company’s stock, valued at approximately $3,532,299.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,367 shares of company stock valued at $2,337,213 in the last three months. 9.73% of the stock is currently owned by company insiders.

Shake Shack Stock Down 0.7 %

SHAK opened at $121.67 on Friday. The company has a fifty day moving average of $105.57 and a two-hundred day moving average of $98.49. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.03 and a current ratio of 2.06. Shake Shack Inc. has a fifty-two week low of $54.06 and a fifty-two week high of $130.20. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 221.93, a PEG ratio of 3.23 and a beta of 1.83.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $316.92 million during the quarter, compared to analyst estimates of $316.03 million. Shake Shack had a return on equity of 5.63% and a net margin of 2.23%. Shake Shack’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 EPS. On average, research analysts expect that Shake Shack Inc. will post 0.74 earnings per share for the current year.

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.