Assenagon Asset Management S.A. Has $1.70 Million Stock Holdings in Shake Shack, Inc. (NYSE:SHAK)

Assenagon Asset Management S.A. trimmed its stake in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) by 87.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,241 shares of the company's stock after selling 133,023 shares during the period. Assenagon Asset Management S.A.'s holdings in Shake Shack were worth $1,696,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Shake Shack by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company's stock worth $574,497,000 after buying an additional 49,883 shares in the last quarter. Invesco Ltd. increased its position in shares of Shake Shack by 30.7% in the fourth quarter. Invesco Ltd. now owns 1,245,093 shares of the company's stock valued at $161,613,000 after acquiring an additional 292,348 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Shake Shack by 17.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company's stock worth $116,078,000 after acquiring an additional 134,475 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Shake Shack by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 760,595 shares of the company's stock valued at $98,726,000 after purchasing an additional 19,320 shares during the last quarter. Finally, Wasatch Advisors LP grew its stake in Shake Shack by 1.8% in the fourth quarter. Wasatch Advisors LP now owns 566,425 shares of the company's stock valued at $73,522,000 after purchasing an additional 10,147 shares in the last quarter. 86.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

SHAK has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on Shake Shack from $95.00 to $115.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Robert W. Baird increased their price target on shares of Shake Shack from $85.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Loop Capital upgraded shares of Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price objective on the stock in a research note on Tuesday, April 1st. Stifel Nicolaus cut their target price on shares of Shake Shack from $120.00 to $97.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Finally, TD Securities reissued a "hold" rating and set a $105.00 price target on shares of Shake Shack in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $115.40.

Insider Transactions at Shake Shack

In other news, Director Daniel Harris Meyer sold 10,000 shares of the stock in a transaction dated 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 owns 396,636 shares of the company's stock, valued at approximately $51,602,343.60. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Katherine Irene Fogertey sold 3,956 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $127.49, for a total transaction of $504,350.44. Following the completion of the sale, the chief financial officer now owns 35,750 shares in the company, valued at $4,557,767.50. This represents a 9.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,698 shares of company stock valued at $4,499,820. Company insiders own 9.73% of the company's stock.

Shake Shack Stock Performance

Shares of SHAK traded up $3.07 during mid-day trading on Wednesday, hitting $128.28. 1,572,146 shares of the company's stock were exchanged, compared to its average volume of 1,184,273. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.50. Shake Shack, Inc. has a 52 week low of $72.93 and a 52 week high of $139.89. The stock's 50-day simple moving average is $107.38 and its 200-day simple moving average is $110.72. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 458.15, a price-to-earnings-growth ratio of 3.01 and a beta of 1.77.

Shake Shack (NYSE:SHAK - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). The company had revenue of $320.90 million for the quarter, compared to the consensus estimate of $330.24 million. Shake Shack had a return on equity of 8.45% and a net margin of 0.97%. Shake Shack's revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business earned $0.13 EPS. On average, equities research analysts expect that Shake Shack, Inc. will post 1.26 EPS for the current year.

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.