2,487 Shares in Shake Shack Inc. (NYSE:SHAK) Purchased by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC bought a new position in Shake Shack Inc. (NYSE:SHAK - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,487 shares of the company's stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Shake Shack by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company's stock valued at $574,497,000 after buying an additional 49,883 shares during the last quarter. Invesco Ltd. increased its stake in Shake Shack by 30.7% in the 4th quarter. Invesco Ltd. now owns 1,245,093 shares of the company's stock valued at $161,613,000 after buying an additional 292,348 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in Shake Shack by 17.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company's stock valued at $116,078,000 after buying an additional 134,475 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Shake Shack by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 760,595 shares of the company's stock valued at $98,726,000 after buying an additional 19,320 shares during the last quarter. Finally, Wasatch Advisors LP increased its stake in Shake Shack by 1.8% in the 4th quarter. Wasatch Advisors LP now owns 566,425 shares of the company's stock valued at $73,522,000 after buying an additional 10,147 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company's stock.

Shake Shack Stock Down 3.4%

SHAK opened at $123.76 on Monday. The company has a 50 day moving average of $105.61 and a 200 day moving average of $110.67. The company has a market cap of $5.28 billion, a PE ratio of 538.09 and a beta of 1.77. Shake Shack Inc. has a 12 month low of $72.93 and a 12 month high of $139.89. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50.

Shake Shack (NYSE:SHAK - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $320.90 million during the quarter, compared to the consensus estimate of $330.24 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the business posted $0.13 earnings per share. On average, sell-side analysts expect that Shake Shack Inc. will post 1.26 EPS for the current year.

Insider Buying and Selling at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 10,000 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $130.10, for a total value of $1,301,000.00. Following the completion of the transaction, the director now directly owns 396,636 shares of the company's stock, valued at $51,602,343.60. This trade represents a 2.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 30,180 shares of company stock valued at $3,925,309 in the last three months. Company insiders own 9.73% of the company's stock.

Analyst Ratings Changes

SHAK has been the subject of several analyst reports. KeyCorp initiated coverage on shares of Shake Shack in a research note on Monday, June 2nd. They issued a "sector weight" rating for the company. Barclays decreased their price objective on shares of Shake Shack from $155.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group increased their price objective on shares of Shake Shack from $120.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. UBS Group reduced their target price on shares of Shake Shack from $140.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, Truist Financial increased their target price on shares of Shake Shack from $134.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $115.40.

Shake Shack Company Profile

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.

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