Stratos Wealth Partners LTD. Buys 1,986 Shares of Shake Shack, Inc. (NYSE:SHAK)

Stratos Wealth Partners LTD. raised its position in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) by 74.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,660 shares of the company's stock after purchasing an additional 1,986 shares during the period. Stratos Wealth Partners LTD.'s holdings in Shake Shack were worth $411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHAK. Driehaus Capital Management LLC acquired a new position in shares of Shake Shack during the 4th quarter worth $66,349,000. Invesco Ltd. grew its position 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 acquiring an additional 292,348 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Shake Shack by 204.0% during the fourth quarter. Ameriprise Financial Inc. now owns 324,109 shares of the company's stock worth $42,064,000 after acquiring an additional 217,493 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in Shake Shack by 17.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company's stock worth $116,078,000 after acquiring an additional 134,475 shares in the last quarter. Finally, Interval Partners LP bought a new position in shares of Shake Shack in the fourth quarter worth about $16,788,000. 86.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SHAK shares. Stifel Nicolaus decreased their price target on shares of Shake Shack from $120.00 to $97.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company boosted their target price on shares of Shake Shack from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Thursday. Loop Capital reiterated a "hold" rating and set a $127.00 price target on shares of Shake Shack in a report on Tuesday, July 8th. UBS Group dropped their price target on Shake Shack from $140.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Finally, Bank of America raised their price objective on Shake Shack from $112.00 to $134.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $126.23.

Insiders Place Their Bets

In other Shake Shack news, CFO Katherine Irene Fogertey sold 670 shares of Shake Shack stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $140.03, for a total transaction of $93,820.10. Following the transaction, the chief financial officer directly owned 32,495 shares of the company's stock, valued at $4,550,274.85. The trade was a 2.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel Harris Meyer sold 14,200 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $140.31, for a total transaction of $1,992,402.00. Following the transaction, the director directly owned 337,984 shares in the company, valued at $47,422,535.04. The trade was a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,391 shares of company stock valued at $11,869,925 over the last three months. 9.73% of the stock is currently owned by insiders.

Shake Shack Stock Down 1.5%

NYSE SHAK traded down $1.99 on Thursday, hitting $134.89. 1,304,342 shares of the company were exchanged, compared to its average volume of 1,206,555. The stock has a fifty day moving average of $128.17 and a 200-day moving average of $111.60. Shake Shack, Inc. has a 12 month low of $72.93 and a 12 month high of $144.65. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.50. The company has a market cap of $5.76 billion, a PE ratio of 481.76, a PEG ratio of 3.22 and a beta of 1.77.

Shake Shack (NYSE:SHAK - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $320.90 million for the quarter, compared to the consensus estimate of $330.24 million. Shake Shack had a return on equity of 8.45% and a net margin of 0.97%. The company's revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. As a group, analysts forecast that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

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.