WINTON GROUP Ltd Sells 21,143 Shares of Shake Shack, Inc. $SHAK

WINTON GROUP Ltd cut its position in Shake Shack, Inc. (NYSE:SHAK) by 48.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 22,493 shares of the company’s stock after selling 21,143 shares during the quarter. WINTON GROUP Ltd’s holdings in Shake Shack were worth $1,260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHAK. California State Teachers Retirement System boosted its stake in Shake Shack by 5,410.3% in the second quarter. California State Teachers Retirement System now owns 2,459,558 shares of the company’s stock valued at $137,784,000 after buying an additional 2,414,922 shares in the last quarter. Swedbank AB acquired a new position in Shake Shack during the fourth quarter worth about $84,092,000. Adage Capital Partners GP L.L.C. acquired a new position in Shake Shack during the fourth quarter worth about $40,829,000. Wellington Management Group LLP lifted its holdings in shares of Shake Shack by 21.0% in the third quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company’s stock worth $242,535,000 after acquiring an additional 450,406 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Shake Shack by 285.2% in the third quarter. Marshall Wace LLP now owns 586,999 shares of the company’s stock worth $54,949,000 after acquiring an additional 434,625 shares during the last quarter. Institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Performance

NYSE SHAK opened at $63.74 on Monday. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 67.81, a PEG ratio of 7.03 and a beta of 1.66. The company has a quick ratio of 1.64, a current ratio of 1.67 and a debt-to-equity ratio of 0.43. Shake Shack, Inc. has a twelve month low of $51.60 and a twelve month high of $107.46. The stock has a fifty day simple moving average of $65.68 and a 200 day simple moving average of $73.99.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.43 EPS for the quarter, topping 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 company had revenue of $417.62 million for the quarter, compared to analyst estimates of $417.18 million. During the same period in the previous year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. Sell-side analysts expect that Shake Shack, Inc. will post 1.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. BTIG Research restated a “neutral” rating on shares of Shake Shack in a research note on Wednesday, May 20th. Weiss Ratings upgraded shares of Shake Shack from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. TD Cowen reissued a “hold” rating on shares of Shake Shack in a research note on Wednesday, August 5th. Robert W. Baird upgraded shares of Shake Shack to a “hold” rating in a research report on Monday, August 24th. Finally, BNP Paribas Exane boosted their target price on shares of Shake Shack from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.71.

About Shake Shack

Shake Shack Inc (NYSE: SHAK) operates a global chain of fast-casual restaurants known for made-to-order burgers, chicken sandwiches, hot dogs, crinkle-cut fries, frozen custard, shakes, and other beverages. Its menu also includes beer and wine at select locations, with an emphasis on premium ingredients and hospitality-focused service.

The company traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 as part of a park revitalization project. The first permanent Shake Shack restaurant opened in the park in 2004.