18,000 Shares in Shake Shack, Inc. $SHAK Bought by Wilson Asset Management International PTY Ltd.

Key Points

• Wilson Asset Management International opened a new position of 18,000 shares (~$1.46M) in Shake Shack during Q4, joining other institutions that have increased stakes and leaving the stock with 86.07% institutional ownership.
• Shake Shack beat EPS expectations ($0.37 vs. $0.35) and saw revenue rise 21.8% year‑over‑year (slightly below revenue estimates); the shares trade at a PE of 88.6 and carry an average analyst price target of $119.67 with a "Moderate Buy" consensus.

Wilson Asset Management International PTY Ltd. purchased a new position in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 18,000 shares of the company's stock, valued at approximately $1,461,000.

A number of other hedge funds have also bought and sold shares of the business. Wellington Management Group LLP increased its position in 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 buying an additional 450,406 shares during the last quarter. Marshall Wace LLP increased its position in 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 buying an additional 434,625 shares during the last quarter. 12 West Capital Management LP increased its position in Shake Shack by 13.6% in the third quarter. 12 West Capital Management LP now owns 1,753,595 shares of the company's stock worth $164,154,000 after buying an additional 210,000 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Shake Shack by 1,730.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 221,635 shares of the company's stock worth $17,990,000 after buying an additional 209,527 shares during the last quarter. Finally, Van Berkom & Associates Inc. increased its position in Shake Shack by 27.6% in the fourth quarter. Van Berkom & Associates Inc. now owns 923,347 shares of the company's stock worth $74,948,000 after buying an additional 199,687 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Stephanie Ann Sentell sold 258 shares of the business's stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $102.21, for a total transaction of $26,370.18. Following the completion of the transaction, the insider directly owned 15,084 shares in the company, valued at $1,541,735.64. The trade was a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.50% of the stock is currently owned by insiders.

Shake Shack Price Performance

Shares of NYSE SHAK opened at $96.60 on Wednesday. The stock has a market cap of $4.12 billion, a PE ratio of 88.62, a price-to-earnings-growth ratio of 3.73 and a beta of 1.78. Shake Shack, Inc. has a fifty-two week low of $76.51 and a fifty-two week high of $144.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.76. The stock has a fifty day moving average of $94.40 and a 200-day moving average of $91.14.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. Shake Shack had a return on equity of 11.08% and a net margin of 3.16%.The company had revenue of $400.53 million during the quarter, compared to analysts' expectations of $402.06 million. During the same period in the previous year, the business earned $0.26 earnings per share. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. Equities research analysts anticipate that Shake Shack, Inc. will post 1.4 earnings per share for the current year.

Analyst Ratings Changes

SHAK has been the subject of a number of recent research reports. Wells Fargo & Company raised their target price on Shake Shack from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Friday, February 27th. Mizuho raised Shake Shack from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $100.00 to $120.00 in a research report on Friday, April 10th. JPMorgan Chase & Co. lifted their price target on Shake Shack from $95.00 to $100.00 and gave the company a "neutral" rating in a research report on Friday, April 24th. Raymond James Financial set a $140.00 price target on Shake Shack in a research report on Wednesday, January 21st. Finally, BNP Paribas Exane started coverage on Shake Shack in a research report on Monday, March 30th. They issued an "outperform" rating and a $124.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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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