Natixis Advisors LLC Grows Stock Position in Shake Shack Inc. (NYSE:SHAK)

Natixis Advisors LLC grew its holdings in Shake Shack Inc. (NYSE:SHAK) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,335 shares of the company’s stock after acquiring an additional 296 shares during the quarter. Natixis Advisors LLC’s holdings in Shake Shack were worth $1,273,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Quest Partners LLC acquired a new stake in Shake Shack during the 2nd quarter valued at approximately $38,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Shake Shack during the third quarter worth $41,000. Kimelman & Baird LLC acquired a new position in Shake Shack during the second quarter valued at $45,000. Covestor Ltd grew its position in Shake Shack by 41.6% during the 3rd quarter. Covestor Ltd now owns 698 shares of the company’s stock worth $72,000 after purchasing an additional 205 shares during the period. Finally, CWM LLC raised its stake in shares of Shake Shack by 24.7% during the 2nd quarter. CWM LLC now owns 1,046 shares of the company’s stock valued at $94,000 after buying an additional 207 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Insider Buying and Selling at Shake Shack

In related news, Director Daniel Harris Meyer sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $121.79, for a total transaction of $3,653,700.00. Following the completion of the sale, the director now owns 407,646 shares in the company, valued at $49,647,206.34. The trade was a 6.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Katherine Irene Fogertey sold 321 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $103.93, for a total transaction of $33,361.53. Following the completion of the transaction, the chief financial officer now owns 36,180 shares in the company, valued at $3,760,187.40. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,433 shares of company stock valued at $7,654,856 in the last quarter. Corporate insiders own 9.73% of the company’s stock.

Shake Shack Stock Up 2.5 %

NYSE:SHAK opened at $132.66 on Wednesday. Shake Shack Inc. has a 52 week low of $59.92 and a 52 week high of $134.90. The stock’s fifty day moving average is $114.30 and its two-hundred day moving average is $101.51. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 780.35, a price-to-earnings-growth ratio of 2.79 and a beta of 1.81. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The company 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%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 earnings per share. Research analysts anticipate that Shake Shack Inc. will post 0.82 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on SHAK. Truist Financial upped their price objective on Shake Shack from $127.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Shake Shack in a report on Wednesday, September 18th. Piper Sandler lowered shares of Shake Shack from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $121.00 to $114.00 in a research note on Monday, August 19th. Barclays lifted their price target on Shake Shack from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, Oppenheimer upped their price target on Shake Shack from $122.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Shake Shack presently has an average rating of “Hold” and a consensus target price of $112.94.

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.