1,706 Shares in Shake Shack Inc. (NYSE:SHAK) Purchased by Cascade Investment Group Inc.

Cascade Investment Group Inc. bought a new stake in Shake Shack Inc. (NYSE:SHAK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,706 shares of the company’s stock, valued at approximately $221,000.

Several other hedge funds also recently made changes to their positions in SHAK. Xponance Inc. lifted its position in 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 buying an additional 103 shares during the period. Thrivent Financial for Lutherans boosted its stake in Shake Shack by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock worth $3,241,000 after acquiring an additional 139 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in Shake Shack by 1.5% in the third quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company’s stock worth $1,372,000 after purchasing an additional 199 shares during the period. Covestor Ltd increased its stake in shares of Shake Shack by 41.6% during the third quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after purchasing an additional 205 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of Shake Shack by 1.8% during the third quarter. Amalgamated Bank now owns 11,721 shares of the company’s stock valued at $1,210,000 after purchasing an additional 211 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors.

Insider Transactions at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 30,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $121.79, for a total transaction of $3,653,700.00. Following the completion of the transaction, the director now owns 407,646 shares of the company’s stock, valued at $49,647,206.34. This represents a 6.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the sale, the chief financial officer now directly owns 30,717 shares in the company, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,333 shares of company stock valued at $6,566,330 over the last 90 days. Company insiders own 9.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SHAK shares. Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $125.00 to $159.00 in a report on Tuesday, January 7th. Truist Financial cut their target price on Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. UBS Group lifted their price objective on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. restated an “underweight” rating and set a $102.00 target price (down previously from $105.00) on shares of Shake Shack in a research note on Tuesday, September 24th. Finally, Stifel Nicolaus lowered their price target on Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a report on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $123.78.

Shake Shack Price Performance

NYSE SHAK opened at $115.25 on Monday. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 677.94, a PEG ratio of 1.91 and a beta of 1.86. Shake Shack Inc. has a 12 month low of $66.06 and a 12 month high of $139.89. The company’s 50 day moving average is $128.97 and its two-hundred day moving average is $111.56. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.51.

Shake Shack (NYSE:SHAK) last released its earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The company had revenue of $316.92 million for the quarter, compared to analysts’ expectations of $316.03 million. During the same quarter in the previous year, the company earned $0.17 EPS. Shake Shack’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, research analysts anticipate that Shake Shack Inc. will post 0.82 earnings per share for the current year.

About Shake Shack

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.