Ground Swell Capital LLC Invests $249,000 in Shake Shack, Inc. (NYSE:SHAK)

Key Points

• Ground Swell Capital LLC has invested $249,000 in Shake Shack, acquiring 2,819 shares during the first quarter.
• Shake Shack's stock is currently down 1.9%, with a market capitalization of $4.62 billion and a P/E ratio of 235.22.
• Recent quarterly earnings showed a revenue increase of 12.6% year-over-year, with earnings per share beating analyst expectations at $0.44.

Ground Swell Capital LLC purchased a new stake in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,819 shares of the company's stock, valued at approximately $249,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake 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 acquiring an additional 263 shares during the period. Garde Capital Inc. bought a new position in Shake Shack during the first quarter valued at about $35,000. Princeton Global Asset Management LLC bought a new position in Shake Shack during the first quarter valued at about $44,000. SRH Advisors LLC bought a new stake in shares of Shake Shack in the 1st quarter valued at approximately $44,000. Finally, Cooper Investors PTY Ltd. bought a new stake in shares of Shake Shack in the 1st quarter valued at approximately $44,000. 86.07% of the stock is currently owned by institutional investors.

Shake Shack Stock Down 1.9%

SHAK stock opened at $108.20 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.92 and a quick ratio of 1.89. The stock has a market capitalization of $4.62 billion, a P/E ratio of 235.22, a P/E/G ratio of 2.51 and a beta of 1.82. The business has a 50-day moving average of $130.18 and a 200-day moving average of $111.47. Shake Shack, Inc. has a fifty-two week low of $72.93 and a fifty-two week high of $144.65.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $356.47 million during the quarter, compared to analysts' expectations 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 for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 EPS. On average, sell-side analysts anticipate that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SHAK has been the topic of several analyst reports. Truist Financial upped their price objective on Shake Shack from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Bank of America boosted their target price on Shake Shack from $134.00 to $148.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Loop Capital reaffirmed a "hold" rating and set a $127.00 price target on shares of Shake Shack in a research note on Tuesday, July 8th. TD Cowen upped their price target on Shake Shack from $105.00 to $110.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Finally, BTIG Research lowered Shake Shack from a "buy" rating to a "neutral" rating in a research note on Monday, June 2nd. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Shake Shack presently has a consensus rating of "Hold" and an average price target of $131.29.

Insider Activity

In other news, Director Daniel Harris Meyer sold 20,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $140.07, for a total value of $2,801,400.00. Following the completion of the transaction, the director owned 367,984 shares in the company, valued at $51,543,518.88. This trade represents a 5.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Katherine Irene Fogertey sold 3,956 shares of the firm's stock in a transaction dated 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 owned 35,750 shares of the company's stock, 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 87,211 shares of company stock valued at $11,849,216 in the last 90 days. 8.50% of the stock is owned by corporate insiders.

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.

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