SG Americas Securities LLC Invests $1.17 Million in Shake Shack Inc. (NYSE:SHAK)

SG Americas Securities LLC purchased a new position in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,232 shares of the company's stock, valued at approximately $1,167,000.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Shake Shack by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company's stock worth $46,979,000 after purchasing an additional 8,429 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Shake Shack by 6.2% during the fourth quarter. Janus Henderson Group PLC now owns 17,064 shares of the company's stock worth $2,216,000 after purchasing an additional 1,000 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Shake Shack during the fourth quarter worth about $260,000. GAMMA Investing LLC lifted its position in shares of Shake Shack by 13,353.1% during the first quarter. GAMMA Investing LLC now owns 99,015 shares of the company's stock worth $8,730,000 after purchasing an additional 98,279 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Shake Shack by 0.3% during the fourth quarter. Rhumbline Advisers now owns 106,129 shares of the company's stock worth $13,776,000 after purchasing an additional 278 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company's stock.

Insider Transactions at Shake Shack

In related news, Director Daniel Harris Meyer sold 10,000 shares of Shake Shack stock in a transaction on Friday, May 30th. The shares were sold at an average price of $130.10, for a total value of $1,301,000.00. Following the transaction, the director now directly owns 396,636 shares in the company, valued at $51,602,343.60. This trade represents a 2.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Katherine Irene Fogertey sold 562 shares of Shake Shack stock in a transaction on Friday, June 13th. The shares were sold at an average price of $124.84, for a total transaction of $70,160.08. Following the completion of the transaction, the chief financial officer now owns 35,188 shares in the company, valued at approximately $4,392,869.92. This trade represents a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,698 shares of company stock worth $4,499,820. Insiders own 9.73% of the company's stock.

Shake Shack Stock Performance

Shares of SHAK opened at $127.08 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. The firm has a market cap of $5.42 billion, a PE ratio of 552.50 and a beta of 1.77. The company's 50 day simple moving average is $106.64 and its 200-day simple moving average is $110.62. Shake Shack Inc. has a 12-month low of $72.93 and a 12-month high of $139.89.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). The business had revenue of $320.90 million for the quarter, compared to analysts' expectations of $330.24 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The business's revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $0.13 earnings per share. As a group, equities analysts predict that Shake Shack Inc. will post 1.26 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SHAK. Stifel Nicolaus reduced their price target on shares of Shake Shack from $120.00 to $97.00 and set a "hold" rating on the stock in a research report on Tuesday, April 15th. Wedbush upped their target price on shares of Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Wells Fargo & Company upped their target price on shares of Shake Shack from $95.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. BTIG Research lowered shares of Shake Shack from a "buy" rating to a "neutral" rating in a research note on Monday, June 2nd. Finally, Robert W. Baird upped their target price on shares of Shake Shack from $85.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Shake Shack has a consensus rating of "Hold" and a consensus target price of $115.40.

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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