5,558 Shares in Shake Shack, Inc. (NYSE:SHAK) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new stake in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,558 shares of the company's stock, valued at approximately $490,000.

Several other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Shake Shack by 18.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,234 shares of the company's stock worth $1,328,000 after acquiring an additional 1,561 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Shake Shack by 36.2% during the 4th quarter. HighTower Advisors LLC now owns 7,619 shares of the company's stock valued at $989,000 after acquiring an additional 2,025 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Shake Shack during the 4th quarter valued at about $260,000. Swiss National Bank boosted its holdings in shares of Shake Shack by 1.6% during the 4th quarter. Swiss National Bank now owns 74,700 shares of the company's stock valued at $9,696,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Shake Shack by 57.3% in the fourth quarter. Natixis Advisors LLC now owns 19,407 shares of the company's stock worth $2,519,000 after buying an additional 7,072 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company's stock.

Insider Buying and Selling

In other news, Director Daniel Harris Meyer sold 20,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 367,984 shares in the company, valued at $51,543,518.88. This trade represents a 5.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Katherine Irene Fogertey sold 3,956 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $127.49, for a total value of $504,350.44. Following the completion of the transaction, the chief financial officer owned 35,750 shares in the company, valued at $4,557,767.50. The trade was a 9.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,391 shares of company stock worth $11,869,925 in the last quarter. Insiders own 9.73% of the company's stock.

Shake Shack Stock Performance

NYSE:SHAK traded down $0.06 during midday trading on Friday, hitting $134.87. The company's stock had a trading volume of 842,137 shares, compared to its average volume of 1,206,105. Shake Shack, Inc. has a fifty-two week low of $72.93 and a fifty-two week high of $144.65. The firm's 50 day moving average is $128.80 and its 200-day moving average is $111.64. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.91 and a quick ratio of 1.88. The firm has a market cap of $5.75 billion, a P/E ratio of 481.68, a P/E/G ratio of 3.20 and a beta of 1.77.

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). The firm had revenue of $320.90 million for the quarter, compared to analyst estimates of $330.24 million. Shake Shack had a return on equity of 8.45% and a net margin of 0.97%. Shake Shack's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. Equities analysts anticipate that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Bank of America raised their price objective on shares of Shake Shack from $134.00 to $148.00 and gave the stock a "neutral" rating in a report on Friday. UBS Group lowered their target price on shares of Shake Shack from $140.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. boosted their price target on shares of Shake Shack from $100.00 to $110.00 and gave the stock an "underweight" rating in a research report on Wednesday, June 25th. Robert W. Baird boosted their price objective on shares of Shake Shack from $85.00 to $90.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, BTIG Research cut shares of Shake Shack from a "buy" rating to a "neutral" rating in a research report on Monday, June 2nd. 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 given a strong buy rating to the company. Based on data from MarketBeat, Shake Shack has a consensus rating of "Hold" and a consensus target price of $126.86.

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.