D.A. Davidson & CO. Acquires 13,013 Shares of Shake Shack, Inc. $SHAK

Key Points

• D.A. Davidson & CO. boosted its Shake Shack stake by 115.5%, buying 13,013 shares to hold 24,276 shares worth about $1.97 million (roughly 0.06% of the company) at quarter-end.
• Shake Shack reported quarterly EPS of $0.37 (beat the $0.35 consensus) on $400.53 million revenue (slightly below estimates) with revenue up 21.8% year-over-year; the stock has a market cap of $4.21 billion and a P/E of ~90.5.
• Institutional investors own 86.07% of shares and analysts have a consensus rating of “Moderate Buy” with an average target of $119.67, while insiders hold 8.5% and one insider sold 258 shares under a 10b5‑1 plan.

D.A. Davidson & CO. boosted its holdings in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) by 115.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,276 shares of the company's stock after purchasing an additional 13,013 shares during the quarter. D.A. Davidson & CO. owned about 0.06% of Shake Shack worth $1,970,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nordea Investment Management AB boosted its stake in Shake Shack by 36.6% in the third quarter. Nordea Investment Management AB now owns 106,317 shares of the company's stock worth $9,851,000 after buying an additional 28,487 shares in the last quarter. Divisadero Street Capital Management LP boosted its stake in Shake Shack by 407.8% in the third quarter. Divisadero Street Capital Management LP now owns 56,985 shares of the company's stock worth $5,334,000 after buying an additional 45,762 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Shake Shack in the third quarter worth approximately $8,416,000. Public Sector Pension Investment Board boosted its stake in Shake Shack by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 156,998 shares of the company's stock worth $14,697,000 after buying an additional 19,889 shares in the last quarter. Finally, 12 West Capital Management LP boosted its stake 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 in the last quarter. Institutional investors own 86.07% of the company's stock.

Shake Shack Stock Performance

NYSE:SHAK opened at $98.68 on Friday. The firm has a market cap of $4.21 billion, a PE ratio of 90.53, a price-to-earnings-growth ratio of 4.00 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 business has a 50 day moving average price of $94.34 and a 200-day moving average price of $91.14.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The firm had revenue of $400.53 million for the quarter, compared to analyst estimates of $402.06 million. Shake Shack had a return on equity of 11.08% and a net margin of 3.16%.The business's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. Equities research analysts predict that Shake Shack, Inc. will post 1.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on SHAK shares. Robert W. Baird upped their target price on Shake Shack from $104.00 to $108.00 and gave the stock a "neutral" rating in a research note on Friday, February 27th. Mizuho raised Shake Shack from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $100.00 to $120.00 in a research note on Friday, April 10th. TD Cowen upped their target price on Shake Shack from $100.00 to $105.00 and gave the stock a "hold" rating in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Shake Shack in a research note on Monday, April 20th. Finally, BNP Paribas Exane started coverage on Shake Shack in a research note on Monday, March 30th. They issued an "outperform" rating and a $124.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $119.67.

Insider Activity at Shake Shack

In related news, insider Stephanie Ann Sentell sold 258 shares of the company's stock in a transaction that occurred on 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 owned 15,084 shares in the company, valued at $1,541,735.64. This represents a 1.68% decrease in their ownership of the stock. The sale was disclosed in a legal 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 corporate insiders.

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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