15,000 Shares in Shake Shack, Inc. $SHAK Bought by Fund 1 Investments LLC

Key Points

• Fund 1 Investments LLC purchased 15,000 Shake Shack shares in the second quarter, valued at approximately $840,000. Institutional investors collectively own 86.07% of the company.
• Analyst sentiment remains broadly positive, with 15 Buy ratings, 11 Holds and one Sell; the consensus rating is “Moderate Buy” with an $89.74 price target.
• Shake Shack reported quarterly EPS of $0.43, beating estimates of $0.31, while revenue rose 17.2% year over year to $417.62 million. Shares opened at $72.97, well below their 52-week high of $107.49.

Fund 1 Investments LLC purchased a new stake in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,000 shares of the company's stock, valued at approximately $840,000.

Several other institutional investors have also added to or reduced their stakes in SHAK. Swedbank AB purchased a new position in shares of Shake Shack in the fourth quarter valued at about $84,092,000. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Shake Shack during the fourth quarter worth about $40,829,000. Wellington Management Group LLP boosted its holdings in shares of Shake Shack by 21.0% during the third quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company's stock worth $242,535,000 after purchasing an additional 450,406 shares during the period. Marshall Wace LLP grew its stake 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 purchasing an additional 434,625 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Shake Shack in the fourth quarter worth about $20,455,000. Hedge funds and other institutional investors own 86.07% of the company's stock.

Analyst Upgrades and Downgrades

SHAK has been the subject of a number of recent analyst reports. BNP Paribas Exane upped their price target on Shake Shack from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Wells Fargo & Company cut their price objective on Shake Shack from $80.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 3rd. Piper Sandler reduced their target price on Shake Shack from $79.00 to $66.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 14th. The Goldman Sachs Group restated a "buy" rating on shares of Shake Shack in a report on Friday, May 8th. Finally, Weiss Ratings lowered Shake Shack from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, August 21st. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Shake Shack presently has an average rating of "Moderate Buy" and a consensus price target of $89.74.

Shake Shack Stock Down 1.5%

Shares of NYSE:SHAK opened at $72.97 on Thursday. Shake Shack, Inc. has a 52-week low of $51.60 and a 52-week high of $107.49. The firm has a market capitalization of $3.12 billion, a P/E ratio of 77.63, a P/E/G ratio of 8.10 and a beta of 1.63. The stock has a 50 day moving average price of $63.01 and a 200-day moving average price of $76.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.64 and a current ratio of 1.67.

Shake Shack (NYSE:SHAK - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.43 EPS 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 company had revenue of $417.62 million during the quarter, compared to analysts' expectations of $417.18 million. During the same quarter last year, the business posted $0.44 EPS. The firm's revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Shake Shack, Inc. will post 1.13 EPS for the current fiscal year.

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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