Blair William & Co. IL Has $9.49 Million Position in Shake Shack, Inc. (NYSE:SHAK)

Key Points

• Blair William & Co. IL increased its stake in Shake Shack, Inc. by 3.2%, owning approximately 0.25% of the company, valued at about $9.49 million at the end of the reporting period.
• Shake Shack reported a 12.6% year-over-year increase in revenue for the recent quarter, totaling $356.47 million, and exceeded earnings estimates with $0.44 EPS compared to the consensus of $0.37.
• Institutional investors hold 86.07% of Shake Shack's stock, indicating significant institutional interest in the company amidst various recent stock transactions by insiders.

Blair William & Co. IL lifted its position in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 3.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 107,680 shares of the company's stock after buying an additional 3,291 shares during the period. Blair William & Co. IL owned approximately 0.25% of Shake Shack worth $9,494,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Invesco Ltd. lifted 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 worth $161,613,000 after acquiring an additional 292,348 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of 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 purchasing an additional 134,475 shares during the period. Van Berkom & Associates Inc. lifted its position in shares of Shake Shack by 19.0% in the first quarter. Van Berkom & Associates Inc. now owns 785,594 shares of the company's stock worth $69,266,000 after purchasing an additional 125,357 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Shake Shack by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 760,595 shares of the company's stock worth $98,726,000 after purchasing an additional 19,320 shares during the period. Finally, Wasatch Advisors LP grew its position in Shake Shack by 1.8% during 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. Institutional investors and hedge funds own 86.07% of the company's stock.

Shake Shack Trading Down 0.7%

NYSE SHAK traded down $0.76 on Thursday, hitting $112.21. 1,007,825 shares of the stock were exchanged, compared to its average volume of 1,682,025. Shake Shack, Inc. has a 52-week low of $72.93 and a 52-week high of $144.65. The firm has a market capitalization of $4.79 billion, a P/E ratio of 243.94, a P/E/G ratio of 2.57 and a beta of 1.82. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.89 and a current ratio of 1.92. The stock has a fifty day moving average price of $131.83 and a two-hundred day moving average price of $111.83.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.07. The business had revenue of $356.47 million during the quarter, compared to analyst estimates of $352.56 million. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%. Shake Shack's revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. Research analysts forecast that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

Insider Transactions at Shake Shack

In related news, Director Daniel Harris Meyer sold 20,000 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $140.07, for a total transaction of $2,801,400.00. Following the transaction, the director directly owned 367,984 shares in the company, valued at approximately $51,543,518.88. The trade was a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Katherine Irene Fogertey sold 3,956 shares of Shake Shack stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $127.49, for a total transaction of $504,350.44. Following the transaction, the chief financial officer directly owned 35,750 shares in the company, valued at $4,557,767.50. This trade represents a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,391 shares of company stock valued at $11,869,925 in the last ninety days. 9.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

SHAK has been the topic of a number of recent analyst reports. Barclays cut their price objective on Shake Shack from $168.00 to $160.00 and set an "overweight" rating on the stock in a research note on Friday, August 1st. TD Securities reaffirmed a "hold" rating and set a $105.00 price objective on shares of Shake Shack in a report on Thursday, June 26th. Wells Fargo & Company lifted their target price on shares of Shake Shack from $115.00 to $125.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Loop Capital reissued a "hold" rating and issued a $127.00 price objective on shares of Shake Shack in a research report on Tuesday, July 8th. Finally, TD Cowen boosted their price objective on shares of Shake Shack from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $131.29.

Shake Shack 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.