Larson Financial Group LLC Boosts Position in Shake Shack, Inc. (NYSE:SHAK)

Larson Financial Group LLC raised its position in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,443 shares of the company's stock after buying an additional 1,833 shares during the period. Larson Financial Group LLC owned 0.10% of Shake Shack worth $3,742,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SHAK. Morgan Stanley raised their price target on Shake Shack from $109.00 to $122.00 and gave the stock an "equal weight" rating in a research report on Monday. TD Cowen cut Shake Shack from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a report on Monday, May 19th. The Goldman Sachs Group boosted their target price on Shake Shack from $120.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Bank of America increased their price target on shares of Shake Shack from $112.00 to $134.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. Finally, Sanford C. Bernstein set a $166.00 price objective on shares of Shake Shack and gave the stock an "overweight" rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Shake Shack presently has a consensus rating of "Hold" and an average price target of $125.95.

Shake Shack Stock Performance

NYSE:SHAK traded down $0.37 on Wednesday, hitting $136.75. The stock had a trading volume of 882,118 shares, compared to its average volume of 1,206,163. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.50. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 488.40, a price-to-earnings-growth ratio of 3.22 and a beta of 1.77. Shake Shack, Inc. has a 52-week low of $72.93 and a 52-week high of $144.65. The business's 50-day simple moving average is $128.17 and its two-hundred day simple moving average is $111.60.

Shake Shack (NYSE:SHAK - Get Free Report) last issued 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). Shake Shack had a return on equity of 8.45% and a net margin of 0.97%. The business had revenue of $320.90 million during the quarter, compared to analysts' expectations of $330.24 million. During the same period in the previous year, the business earned $0.13 earnings per share. The business's quarterly revenue was up 10.5% on a year-over-year basis. As a group, research analysts predict that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

Insider Activity

In other Shake Shack news, CFO Katherine Irene Fogertey sold 3,956 shares of the stock in a transaction that occurred on 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 owned 35,750 shares in the company, valued at approximately $4,557,767.50. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel Harris Meyer sold 20,000 shares of Shake Shack stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $140.07, for a total transaction of $2,801,400.00. Following the sale, the director directly owned 367,984 shares in the company, valued at approximately $51,543,518.88. This trade represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,391 shares of company stock worth $11,869,925 in the last quarter. 9.73% of the stock is owned by insiders.

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.