Shake Shack Inc. (NYSE:SHAK) Shares Acquired by Brighton Jones LLC

Brighton Jones LLC raised its holdings in shares of Shake Shack Inc. (NYSE:SHAK) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,909 shares of the company’s stock after acquiring an additional 187 shares during the quarter. Brighton Jones LLC’s holdings in Shake Shack were worth $1,612,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in SHAK. Allspring Global Investments Holdings LLC purchased a new stake in shares of Shake Shack in the 1st quarter valued at about $25,000. Quest Partners LLC purchased a new stake in shares of Shake Shack in the 2nd quarter valued at about $38,000. Covestor Ltd lifted its holdings in shares of Shake Shack by 32,150.0% in the 1st quarter. Covestor Ltd now owns 645 shares of the company’s stock valued at $67,000 after purchasing an additional 643 shares during the last quarter. CWM LLC lifted its holdings in shares of Shake Shack by 24.7% in the 2nd quarter. CWM LLC now owns 1,046 shares of the company’s stock valued at $94,000 after purchasing an additional 207 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Shake Shack in the 1st quarter valued at about $97,000. 86.07% of the stock is owned by institutional investors and hedge funds.

Shake Shack Stock Performance

SHAK opened at $106.94 on Friday. The stock has a market cap of $4.54 billion, a P/E ratio of 194.44, a P/E/G ratio of 3.02 and a beta of 1.83. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.06 and a quick ratio of 2.03. The stock’s 50 day simple moving average is $97.29 and its 200 day simple moving average is $97.45. Shake Shack Inc. has a 1-year low of $52.79 and a 1-year high of $111.29.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. The business had revenue of $316.50 million for the quarter, compared to analysts’ expectations of $314.37 million. Shake Shack had a return on equity of 5.63% and a net margin of 2.23%. The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 EPS. As a group, equities analysts anticipate that Shake Shack Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $115.00 target price on shares of Shake Shack in a report on Wednesday, August 28th. Morgan Stanley reduced their price objective on Shake Shack from $108.00 to $100.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Bank of America upped their price objective on Shake Shack from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. JPMorgan Chase & Co. upped their price objective on Shake Shack from $102.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, June 3rd. Finally, Barclays upped their price objective on Shake Shack from $108.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $107.56.

Insider Buying and Selling

In other Shake Shack news, CFO Katherine Irene Fogertey sold 321 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $95.10, for a total transaction of $30,527.10. Following the sale, the chief financial officer now owns 37,143 shares in the company, valued at approximately $3,532,299.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Daniel Harris Meyer sold 10,000 shares of the firm’s stock in a transaction on 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 owns 470,437 shares in the company, valued at $51,860,974.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Katherine Irene Fogertey sold 321 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $95.10, for a total value of $30,527.10. Following the sale, the chief financial officer now owns 37,143 shares in the company, valued at approximately $3,532,299.30. The disclosure for this sale can be found here. Insiders have sold a total of 12,213 shares of company stock worth $1,311,175 in the last quarter. Company insiders own 9.73% of the company’s stock.

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.