Quantitative Investment Management LLC Makes New Investment in Shake Shack, Inc. $SHAK

Quantitative Investment Management LLC bought a new stake in shares of Shake Shack, Inc. (NYSE:SHAK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,810 shares of the company’s stock, valued at approximately $493,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Shake Shack by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,627 shares of the company’s stock valued at $1,995,000 after purchasing an additional 976 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Shake Shack by 4,210.3% during the first quarter. Jones Financial Companies Lllp now owns 2,500 shares of the company’s stock valued at $220,000 after buying an additional 2,442 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Shake Shack during the first quarter valued at about $219,000. Geneos Wealth Management Inc. bought a new stake in shares of Shake Shack in the 1st quarter valued at about $26,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Shake Shack by 159.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 748 shares of the company’s stock valued at $105,000 after buying an additional 460 shares in the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Shake Shack Stock Performance

Shares of SHAK opened at $67.57 on Wednesday. The stock has a 50-day moving average of $63.99 and a two-hundred day moving average of $75.37. Shake Shack, Inc. has a one year low of $51.60 and a one year high of $107.46. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.64 and a current ratio of 1.67. The stock has a market cap of $2.89 billion, a P/E ratio of 71.88, a P/E/G ratio of 7.53 and a beta of 1.63.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. Shake Shack had a return on equity of 9.29% and a net margin of 2.56%.The business had revenue of $417.62 million for the quarter, compared to analyst estimates of $417.18 million. During the same period in the prior year, the company earned $0.44 earnings per share. The company’s revenue was up 17.2% on a year-over-year basis. As a group, research analysts predict that Shake Shack, Inc. will post 1.13 EPS for the current year.

Wall Street Analyst Weigh In

SHAK has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Shake Shack from $100.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. TD Cowen reaffirmed a “hold” rating on shares of Shake Shack in a research report on Wednesday, August 5th. Robert W. Baird upgraded Shake Shack to a “hold” rating in a report on Monday, August 24th. Oppenheimer set a $82.00 price objective on Shake Shack and gave the company an “outperform” rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings cut Shake Shack from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.74.

Shake Shack Profile

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.