Fox Run Management L.L.C. Invests $396,000 in Shake Shack, Inc. $SHAK

Key Points

• Fox Run Management L.L.C. invested approximately $396,000 in Shake Shack, purchasing 4,497 shares during the first quarter, highlighting growing institutional interest in the company.
• Shake Shack's stock has experienced notable analyst rating changes, with target prices ranging from $100.00 to $166.00, reflecting a mix of conservative to optimistic outlooks on the company's performance.
• In the latest earning report, Shake Shack exceeded analysts' expectations by reporting $0.44 earnings per share, up from $0.27 EPS in the same quarter last year, signaling positive growth trends.

Fox Run Management L.L.C. purchased a new stake in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,497 shares of the company's stock, valued at approximately $396,000.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in Shake Shack by 939.3% during the first quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock valued at $26,000 after buying an additional 263 shares during the period. Garde Capital Inc. acquired a new position in Shake Shack during the first quarter valued at $35,000. Princeton Global Asset Management LLC acquired a new position in Shake Shack during the first quarter valued at $44,000. Cooper Investors PTY Ltd. acquired a new position in Shake Shack during the first quarter valued at $44,000. Finally, SRH Advisors LLC acquired a new position in Shake Shack during the first quarter valued at $44,000. 86.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Shake Shack

In related news, Director Daniel Harris Meyer sold 14,200 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $140.31, for a total transaction of $1,992,402.00. Following the completion of the sale, the director owned 337,984 shares in the company, valued at $47,422,535.04. This represents a 4.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Katherine Irene Fogertey sold 670 shares of the stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $140.03, for a total value of $93,820.10. Following the sale, the chief financial officer owned 32,495 shares of the company's stock, valued at approximately $4,550,274.85. The trade was a 2.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,211 shares of company stock valued at $11,849,216. 8.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SHAK has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price target on Shake Shack from $100.00 to $110.00 and gave the company an "underweight" rating in a research report on Wednesday, June 25th. Sanford C. Bernstein set a $166.00 target price on Shake Shack and gave the company an "overweight" rating in a research note on Thursday, June 26th. Barclays lowered their target price 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. Bank of America boosted their target price on Shake Shack from $134.00 to $148.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Finally, BTIG Research downgraded Shake Shack from a "buy" rating to a "neutral" rating in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $131.29.

Shake Shack Stock Performance

SHAK opened at $104.78 on Tuesday. The company has a market cap of $4.47 billion, a PE ratio of 227.79, a price-to-earnings-growth ratio of 2.43 and a beta of 1.82. The stock has a 50-day moving average of $128.88 and a 200-day moving average of $111.07. Shake Shack, Inc. has a 52-week low of $72.93 and a 52-week high of $144.65. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.89 and a current ratio of 1.92.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.07. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%. The firm had revenue of $356.47 million during the quarter, compared to the consensus estimate of $352.56 million. During the same quarter in the prior year, the company earned $0.27 EPS. The firm's revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, equities research analysts forecast that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

About Shake Shack

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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