143,640 Shares in Shake Shack, Inc. $SHAK Purchased by Penn Capital Management Company LLC

Key Points

• Penn Capital Management acquired 143,640 Shake Shack shares in the third quarter, valued at about $8.44 million, representing roughly 0.34% of the company. Institutional investors collectively own 86.07% of the stock.
• Shake Shack reported quarterly EPS of $0.40, topping the $0.34 consensus estimate, while revenue rose 15.2% year over year to $423.27 million—slightly below analysts’ expectations.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $87; 16 analysts rate the stock Buy and 12 rate it Hold.

Penn Capital Management Company LLC acquired a new stake in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 143,640 shares of the company's stock, valued at approximately $8,438,000. Penn Capital Management Company LLC owned approximately 0.34% of Shake Shack as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SHAK. Fulcrum Asset Management LLP purchased a new stake in Shake Shack during the third quarter worth $493,000. Covestor Ltd increased its holdings in shares of Shake Shack by 94.0% in the 3rd quarter. Covestor Ltd now owns 1,426 shares of the company's stock valued at $84,000 after acquiring an additional 691 shares during the period. Hedeker Wealth LLC increased its holdings in shares of Shake Shack by 1.3% in the 3rd quarter. Hedeker Wealth LLC now owns 51,413 shares of the company's stock valued at $3,017,000 after acquiring an additional 661 shares during the period. Wedbush Securities Inc. increased its holdings in shares of Shake Shack by 269.6% in the 3rd quarter. Wedbush Securities Inc. now owns 14,520 shares of the company's stock valued at $852,000 after acquiring an additional 10,591 shares during the period. Finally, Sterling Capital Management LLC raised its position in shares of Shake Shack by 838.8% in the 3rd quarter. Sterling Capital Management LLC now owns 1,305 shares of the company's stock worth $77,000 after acquiring an additional 1,166 shares in the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.

Shake Shack Price Performance

NYSE SHAK opened at $77.27 on Tuesday. The firm's fifty day simple moving average is $65.19 and its two-hundred day simple moving average is $74.29. The firm has a market capitalization of $3.31 billion, a P/E ratio of 75.02, a P/E/G ratio of 7.82 and a beta of 1.75. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.43. Shake Shack, Inc. has a 12-month low of $51.60 and a 12-month high of $107.46.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. The firm had revenue of $423.27 million during the quarter, compared to analyst estimates of $426.41 million. Shake Shack had a return on equity of 9.29% and a net margin of 2.56%. The business's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 EPS. Analysts forecast that Shake Shack, Inc. will post 1.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SHAK shares. BNP Paribas Exane upped their price objective on Shake Shack from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Seaport Research Partners assumed coverage on Shake Shack in a research note on Wednesday, September 16th. They issued a "neutral" rating on the stock. TD Cowen reiterated a "hold" rating on shares of Shake Shack in a report on Wednesday, August 5th. Mizuho decreased their price target on shares of Shake Shack from $90.00 to $80.00 and set an "outperform" rating for the company in a research report on Friday, October 30th. Finally, Guggenheim reissued a "buy" rating and set a $90.00 price target on shares of Shake Shack in a research report on Thursday, October 15th. Sixteen 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 stock has an average rating of "Moderate Buy" and a consensus price target of $87.00.

About Shake Shack

Shake Shack operates a fast-casual restaurant business focused on burgers, chicken, hot dogs, crinkle-cut fries, shakes and frozen custard. Some locations also serve beer and wine. The company serves customers through restaurants and digital ordering, including delivery.

The business grew from a hot dog cart opened in New York City's Madison Square Park in 2001. Shake Shack opened its first permanent kiosk in the park in 2004 and has since expanded its restaurant operations.

Shake Shack serves customers in the United States and internationally.

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