Vontobel Holding Ltd. Grows Stock Position in Shake Shack Inc. (NYSE:SHAK)

Vontobel Holding Ltd. raised its position in Shake Shack Inc. (NYSE:SHAK) by 65.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,815 shares of the company’s stock after buying an additional 2,309 shares during the quarter. Vontobel Holding Ltd.’s holdings in Shake Shack were worth $600,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of SHAK. Marshall Wace LLP lifted its holdings in shares of Shake Shack by 101.2% in the 2nd quarter. Marshall Wace LLP now owns 544,336 shares of the company’s stock valued at $48,990,000 after buying an additional 273,822 shares during the period. Armistice Capital LLC lifted its holdings in Shake Shack by 69.1% in the second quarter. Armistice Capital LLC now owns 579,904 shares of the company’s stock valued at $52,191,000 after acquiring an additional 236,950 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Shake Shack by 471.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 255,374 shares of the company’s stock worth $22,984,000 after purchasing an additional 210,717 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Shake Shack during the 1st quarter worth $16,365,000. Finally, Renaissance Technologies LLC grew its stake in shares of Shake Shack by 41.9% during the 2nd quarter. Renaissance Technologies LLC now owns 437,600 shares of the company’s stock worth $39,384,000 after purchasing an additional 129,200 shares during the period. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on SHAK shares. Bank of America boosted their price objective on shares of Shake Shack from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. The Goldman Sachs Group upped their price target on Shake Shack from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Robert W. Baird lifted their price objective on Shake Shack from $93.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. TD Cowen reissued a “buy” rating and issued a $125.00 target price on shares of Shake Shack in a report on Wednesday, September 18th. Finally, Barclays boosted their price objective on shares of Shake Shack from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $107.39.

Insider Activity

In related news, Director Jeffrey Flug sold 304 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were 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 owns 3,347 shares of the company’s stock, valued at approximately $302,535.33. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Shake Shack news, CFO Katherine Irene Fogertey sold 321 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $95.10, for a total transaction of $30,527.10. Following the transaction, the chief financial officer now owns 37,143 shares in the company, valued at $3,532,299.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey Flug sold 304 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $90.39, for a total value of $27,478.56. Following the completion of the sale, the director now owns 3,347 shares of the company’s stock, valued at approximately $302,535.33. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,330 shares of company stock valued at $2,429,690 in the last three months. Corporate insiders own 9.73% of the company’s stock.

Shake Shack Stock Performance

Shares of SHAK stock opened at $110.23 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.03 and a current ratio of 2.06. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 177.79, a price-to-earnings-growth ratio of 3.25 and a beta of 1.83. Shake Shack Inc. has a one year low of $53.63 and a one year high of $113.50. The company has a 50 day moving average price of $104.58 and a 200 day moving average price of $97.84.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. Shake Shack had a return on equity of 5.63% and a net margin of 2.23%. The business had revenue of $316.50 million for the quarter, compared to analyst estimates of $314.37 million. During the same period last year, the company posted $0.18 EPS. The business’s quarterly revenue was up 16.4% on a year-over-year basis. Sell-side analysts anticipate that Shake Shack Inc. will post 0.74 EPS 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.