1,036,000 Shares in Shake Shack, Inc. $SHAK Acquired by Swedbank AB

Key Points

• Swedbank AB bought 1,036,000 shares of Shake Shack (~$84.09M) in the quarter, bringing its stake to 2.43%, while institutional investors now own about 86.07% of the company.
• Shake Shack has a market cap of $4.12B and a high valuation (PE 88.59) but recently beat quarterly EPS expectations ($0.37 vs. $0.35) with revenue up 21.8% year‑over‑year; analysts collectively rate the stock a Moderate Buy with a $119.67 consensus target.

Swedbank AB bought a new stake in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,036,000 shares of the company's stock, valued at approximately $84,092,000. Swedbank AB owned 2.43% of Shake Shack at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Geneos Wealth Management Inc. purchased a new stake in shares of Shake Shack in the 1st quarter worth $26,000. Global Retirement Partners LLC increased its position in Shake Shack by 83.7% in the third quarter. Global Retirement Partners LLC now owns 327 shares of the company's stock worth $31,000 after buying an additional 149 shares in the last quarter. Assetmark Inc. raised its stake in shares of Shake Shack by 457.6% in the fourth quarter. Assetmark Inc. now owns 368 shares of the company's stock worth $30,000 after buying an additional 302 shares during the period. Advisory Services Network LLC purchased a new position in shares of Shake Shack during the 3rd quarter valued at about $38,000. Finally, Murphy & Mullick Capital Management Corp grew its stake in shares of Shake Shack by 68.5% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 418 shares of the company's stock valued at $38,000 after acquiring an additional 170 shares during the period. 86.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Shake Shack news, insider Stephanie Ann Sentell sold 258 shares of Shake Shack stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $102.21, for a total value of $26,370.18. Following the completion of the transaction, the insider directly owned 15,084 shares of the company's stock, valued at $1,541,735.64. This trade represents a 1.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.50% of the stock is owned by company insiders.

Shake Shack Price Performance

Shares of Shake Shack stock opened at $96.56 on Thursday. The firm has a market cap of $4.12 billion, a PE ratio of 88.59, a PEG ratio of 3.77 and a beta of 1.78. The stock has a 50 day moving average of $94.54 and a 200 day moving average of $91.17. The company has a current ratio of 1.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. Shake Shack, Inc. has a 12 month low of $76.51 and a 12 month high of $144.65.

Shake Shack (NYSE:SHAK - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The business had revenue of $400.53 million for the quarter, compared to the consensus estimate of $402.06 million. Shake Shack had a return on equity of 11.08% and a net margin of 3.16%.The company's revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. On average, research analysts expect that Shake Shack, Inc. will post 1.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SHAK has been the topic of a number of recent analyst reports. Truist Financial raised their target price on shares of Shake Shack from $144.00 to $148.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Bank of America upgraded Shake Shack from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $88.00 to $101.00 in a research note on Tuesday, March 31st. Guggenheim assumed coverage on Shake Shack in a research note on Friday, April 24th. They issued a "buy" rating and a $120.00 price objective for the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $117.00 target price on shares of Shake Shack in a research note on Wednesday, April 15th. Finally, Zacks Research upgraded Shake Shack from a "strong sell" rating to a "hold" rating in a research note on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $119.67.

About Shake Shack

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.

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