Janney Montgomery Scott LLC Grows Stock Holdings in Shake Shack, Inc. (NYSE:SHAK)

Janney Montgomery Scott LLC increased its stake in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 74.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,636 shares of the company's stock after acquiring an additional 5,840 shares during the quarter. Janney Montgomery Scott LLC's holdings in Shake Shack were worth $1,202,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SHAK. Charles Schwab Investment Management Inc. increased its stake 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 increased its stake in Shake Shack by 6.2% during the 4th quarter. Janus Henderson Group PLC now owns 17,064 shares of the company's stock worth $2,216,000 after buying an additional 1,000 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Shake Shack during the 4th quarter worth approximately $260,000. GAMMA Investing LLC raised its holdings 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 valued at $8,730,000 after acquiring an additional 98,279 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Shake Shack in the first quarter valued at approximately $1,167,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on SHAK shares. Raymond James Financial reiterated a "strong-buy" rating and set a $140.00 price target (down from $145.00) on shares of Shake Shack in a research report on Friday, May 2nd. Oppenheimer reissued an "outperform" rating and set a $160.00 price objective (up previously from $125.00) on shares of Shake Shack in a research note on Thursday. TD Securities reaffirmed a "hold" rating and set a $105.00 target price on shares of Shake Shack in a research note on Thursday. UBS Group lowered their price target on Shake Shack from $140.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Shake Shack from $100.00 to $110.00 and gave the company an "underweight" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Shake Shack has an average rating of "Hold" and a consensus price target of $123.95.

Shake Shack Stock Up 0.3%

Shares of SHAK traded up $0.41 during mid-day trading on Friday, reaching $138.83. The company's stock had a trading volume of 1,707,944 shares, compared to its average volume of 1,199,982. The company's 50 day moving average is $115.47 and its 200 day moving average is $110.65. The stock has a market cap of $5.92 billion, a PE ratio of 495.84, a price-to-earnings-growth ratio of 3.27 and a beta of 1.77. Shake Shack, Inc. has a 12-month low of $72.93 and a 12-month high of $140.97. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.91 and a quick ratio of 1.88.

Shake Shack (NYSE:SHAK - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.14 earnings per share 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 company had revenue of $320.90 million for the quarter, compared to analyst estimates of $330.24 million. During the same period in the previous year, the business posted $0.13 EPS. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. Equities analysts anticipate that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Daniel Harris Meyer sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $130.10, for a total transaction of $1,301,000.00. Following the transaction, the director now 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 through the SEC website. Also, CFO Katherine Irene Fogertey sold 562 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $124.84, for a total value of $70,160.08. Following the completion of the sale, the chief financial officer now owns 35,188 shares of the company's stock, valued at approximately $4,392,869.92. This represents a 1.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,698 shares of company stock worth $4,499,820 in the last ninety days. 9.73% of the stock is owned by corporate insiders.

Shake Shack 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.