30,000 Shares in Shake Shack, Inc. $SHAK Acquired by Raiffeisen Bank International AG

Key Points

• Raiffeisen Bank International AG acquired 30,000 Shake Shack shares worth approximately $1.64 million, while institutional investors and hedge funds collectively owned 86.07% of the company.
• Shake Shack reported quarterly earnings of $0.43 per share, beating estimates by $0.12, with revenue of $417.62 million—up 17.2% year over year.
• SHAK shares opened at $69.30, below the analyst consensus price target of $89.74. Analyst sentiment remains a “Moderate Buy,” with 15 Buy, 11 Hold, and one Sell rating.

Raiffeisen Bank International AG bought a new stake in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 30,000 shares of the company's stock, valued at approximately $1,644,000. Raiffeisen Bank International AG owned 0.07% of Shake Shack at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SHAK. Wellington Management Group LLP grew its holdings in shares of Shake Shack by 21.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company's stock worth $242,535,000 after acquiring an additional 450,406 shares during the last quarter. 12 West Capital Management LP boosted its position in Shake Shack by 12.0% during the fourth quarter. 12 West Capital Management LP now owns 1,963,595 shares of the company's stock valued at $159,385,000 after purchasing an additional 210,000 shares during the last quarter. State Street Corp lifted its holdings in shares of Shake Shack by 1.1% during the 2nd quarter. State Street Corp now owns 1,470,084 shares of the company's stock valued at $206,694,000 after buying an additional 15,607 shares during the last quarter. Swedbank AB bought a new position in Shake Shack during the fourth quarter valued at approximately $84,092,000. Finally, Bank of America Corp DE lifted its stake in Shake Shack by 9.3% in the first quarter. Bank of America Corp DE now owns 899,013 shares of the company's stock valued at $79,536,000 after acquiring an additional 76,724 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Shake Shack Price Performance

Shares of Shake Shack stock opened at $69.30 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.67 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. The business has a fifty day simple moving average of $64.79 and a 200 day simple moving average of $75.05. The stock has a market cap of $2.97 billion, a PE ratio of 73.72, a price-to-earnings-growth ratio of 7.59 and a beta of 1.66.

Shake Shack (NYSE:SHAK - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.12. The firm had revenue of $417.62 million for the quarter, compared to analyst estimates of $417.18 million. Shake Shack had a return on equity of 9.29% and a net margin of 2.56%.The company's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Research analysts predict that Shake Shack, Inc. will post 1.13 EPS for the current year.

Analyst Ratings Changes

SHAK has been the topic of a number of analyst reports. Robert W. Baird raised Shake Shack to a "hold" rating in a report on Monday, August 24th. Weiss Ratings downgraded shares of Shake Shack from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, August 21st. BTIG Research restated a "neutral" rating on shares of Shake Shack in a research note on Wednesday, May 20th. Wells Fargo & Company reduced their price objective on shares of Shake Shack from $80.00 to $65.00 and set an "equal weight" rating for the company in a report on Wednesday, June 3rd. Finally, BNP Paribas Exane upped their target price on shares of Shake Shack from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Shake Shack currently has an average rating of "Moderate Buy" and a consensus price target of $89.74.

Shake Shack Company Profile

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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