GAMMA Investing LLC Increases Holdings in Shake Shack Inc. (NYSE:SHAK)

GAMMA Investing LLC lifted its position in Shake Shack Inc. (NYSE:SHAK - Free Report) by 13,353.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 99,015 shares of the company's stock after acquiring an additional 98,279 shares during the period. GAMMA Investing LLC owned 0.23% of Shake Shack worth $8,730,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nemes Rush Group LLC bought a new position in shares of Shake Shack in the 4th quarter worth approximately $29,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Shake Shack in the 4th quarter worth approximately $32,000. Transcendent Capital Group LLC purchased a new stake in shares of Shake Shack in the 4th quarter worth approximately $52,000. Montag & Caldwell LLC purchased a new stake in shares of Shake Shack in the 4th quarter worth approximately $68,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Shake Shack by 200.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 600 shares of the company's stock worth $78,000 after buying an additional 400 shares during the last quarter. Institutional investors own 86.07% of the company's stock.

Insider Buying and Selling at Shake Shack

In other news, Director Daniel Harris Meyer sold 10,000 shares of the business's stock in a transaction dated Friday, May 30th. The stock was 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. The trade was a 2.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 30,180 shares of company stock valued at $3,925,309. Company insiders own 9.73% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SHAK shares. KeyCorp started coverage on Shake Shack in a research note on Monday, June 2nd. They issued a "sector weight" rating on the stock. Wedbush upped their price target on Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Barclays cut their price target on Shake Shack from $155.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird upped their price target on Shake Shack from $85.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Stifel Nicolaus cut their price target on Shake Shack from $120.00 to $97.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $115.40.

Shake Shack Stock Performance

Shares of SHAK traded up $2.41 during trading hours on Wednesday, hitting $127.73. The stock had a trading volume of 797,013 shares, compared to its average volume of 1,178,787. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. Shake Shack Inc. has a 12 month low of $72.93 and a 12 month high of $139.89. The firm has a market capitalization of $5.45 billion, a PE ratio of 555.34 and a beta of 1.77. The stock has a fifty day moving average price of $103.65 and a 200 day moving average price of $111.04.

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

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.