WINTON GROUP Ltd Has $1.26 Million Stock Position in Shake Shack, Inc. $SHAK

Key Points

• WINTON GROUP Ltd reduced its Shake Shack position by 48.5% in the second quarter, selling 21,143 shares and retaining 22,493 shares worth approximately $1.26 million. Institutional investors collectively own 86.07% of the company.
• Shake Shack reported quarterly EPS of $0.43, exceeding the $0.31 analyst consensus, while revenue rose 17.2% year over year to $417.62 million.
• Analyst sentiment remains moderately positive: MarketBeat reports a consensus “Moderate Buy” rating and an average price target of $89.71, compared with the stock’s recent price of $63.74.

WINTON GROUP Ltd cut its holdings in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 48.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,493 shares of the company's stock after selling 21,143 shares during the period. WINTON GROUP Ltd owned about 0.05% of Shake Shack worth $1,260,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SHAK. Geneos Wealth Management Inc. acquired a new position in Shake Shack during the first quarter valued at approximately $26,000. Hilton Head Capital Partners LLC bought a new stake in Shake Shack during the fourth quarter worth $25,000. UMB Bank n.a. raised its position in Shake Shack by 42.2% during the fourth quarter. UMB Bank n.a. now owns 391 shares of the company's stock worth $32,000 after acquiring an additional 116 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Shake Shack during the 3rd quarter worth about $38,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Shake Shack by 142.1% in the 4th quarter. Advisors Asset Management Inc. now owns 518 shares of the company's stock valued at $42,000 after purchasing an additional 304 shares during the period. Institutional investors own 86.07% of the company's stock.

Shake Shack Stock Up 0.1%

Shares of SHAK opened at $63.74 on Monday. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.43. Shake Shack, Inc. has a 12 month low of $51.60 and a 12 month high of $107.46. The firm's 50 day moving average is $65.68 and its 200-day moving average is $73.99. The stock has a market capitalization of $2.73 billion, a PE ratio of 67.81, a P/E/G ratio of 7.03 and a beta of 1.66.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.12. Shake Shack had a return on equity of 9.29% and a net margin of 2.56%.The business had revenue of $417.62 million for the quarter, compared to the consensus estimate of $417.18 million. During the same quarter in the prior year, the business posted $0.44 earnings per share. The firm's quarterly revenue was up 17.2% compared to the same quarter last year. Equities research analysts forecast that Shake Shack, Inc. will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SHAK. Jefferies Financial Group reiterated a "hold" rating and issued a $66.00 target price on shares of Shake Shack in a research note on Tuesday, June 2nd. Zacks Research raised Shake Shack from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 5th. Gordon Haskett dropped their price objective on Shake Shack from $90.00 to $70.00 and set a "buy" rating on the stock in a research note on Wednesday, June 3rd. Morgan Stanley set a $74.00 price objective on Shake Shack in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded Shake Shack from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday. Sixteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $89.71.

Shake Shack Company Profile

Shake Shack Inc NYSE: SHAK operates a global chain of fast-casual restaurants known for made-to-order burgers, chicken sandwiches, hot dogs, crinkle-cut fries, frozen custard, shakes, and other beverages. Its menu also includes beer and wine at select locations, with an emphasis on premium ingredients and hospitality-focused service.

The company traces its origins to a hot dog cart opened in New York City's Madison Square Park in 2001 as part of a park revitalization project. The first permanent Shake Shack restaurant opened in the park in 2004.

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