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Gilder Gagnon Howe & Co. LLC Has $126.35 Million Stock Position in Shake Shack Inc. (NYSE:SHAK)

Shake Shack logo with Retail/Wholesale background

Gilder Gagnon Howe & Co. LLC decreased its stake in Shake Shack Inc. (NYSE:SHAK - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,704,721 shares of the company's stock after selling 17,388 shares during the quarter. Shake Shack comprises 1.7% of Gilder Gagnon Howe & Co. LLC's portfolio, making the stock its 15th biggest holding. Gilder Gagnon Howe & Co. LLC owned about 4.03% of Shake Shack worth $126,354,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in shares of Shake Shack in the fourth quarter worth approximately $32,000. Ramirez Asset Management Inc. purchased a new stake in shares of Shake Shack during the third quarter valued at $35,000. C M Bidwell & Associates Ltd. grew its holdings in shares of Shake Shack by 122.6% in the third quarter. C M Bidwell & Associates Ltd. now owns 1,111 shares of the company's stock worth $65,000 after purchasing an additional 612 shares during the last quarter. AdvisorShares Investments LLC increased its stake in Shake Shack by 533.8% in the 4th quarter. AdvisorShares Investments LLC now owns 1,781 shares of the company's stock worth $132,000 after buying an additional 1,500 shares during the period. Finally, Oxler Private Wealth LLC bought a new stake in Shake Shack during the 4th quarter valued at about $247,000. Institutional investors own 86.07% of the company's stock.

Shake Shack Stock Performance

SHAK traded up $0.25 on Thursday, reaching $92.99. The stock had a trading volume of 810,943 shares, compared to its average volume of 899,474. The business's 50-day moving average price is $98.88 and its two-hundred day moving average price is $88.42. The company has a market cap of $3.93 billion, a P/E ratio of 170.16, a price-to-earnings-growth ratio of 3.63 and a beta of 1.79. Shake Shack Inc. has a 12-month low of $52.79 and a 12-month high of $111.29. The company has a current ratio of 2.03, a quick ratio of 1.99 and a debt-to-equity ratio of 0.52.


Shake Shack (NYSE:SHAK - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.03. The company had revenue of $290.50 million during the quarter, compared to analysts' expectations of $291.00 million. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. Shake Shack's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) EPS. Sell-side analysts forecast that Shake Shack Inc. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. TD Cowen restated a "buy" rating and issued a $125.00 target price on shares of Shake Shack in a research note on Thursday. Oppenheimer lifted their target price on Shake Shack from $108.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, March 22nd. Truist Financial upped their target price on Shake Shack from $115.00 to $124.00 and gave the stock a "buy" rating in a report on Friday, May 3rd. StockNews.com lowered Shake Shack from a "hold" rating to a "sell" rating in a research note on Monday, March 4th. Finally, Raymond James upped their price objective on shares of Shake Shack from $90.00 to $115.00 and gave the stock a "strong-buy" rating in a research note on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Shake Shack currently has a consensus rating of "Hold" and an average price target of $99.17.

Get Our Latest Report on Shake Shack

Insider Buying and Selling

In other news, Director Jeffrey Flug sold 304 shares of the business's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $103.01, for a total transaction of $31,315.04. Following the completion of the sale, the director now owns 3,754 shares of the company's stock, valued at $386,699.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.73% of the stock is owned by insiders.

About Shake Shack

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Shake Shack (NYSE:SHAK)

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