Shake Shack Inc. (NYSE:SHAK) Short Interest Update

Shake Shack Inc. (NYSE:SHAK - Get Free Report) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 5,040,000 shares, a growth of 19.7% from the April 30th total of 4,210,000 shares. Currently, 13.2% of the shares of the stock are short sold. Based on an average daily volume of 1,540,000 shares, the short-interest ratio is currently 3.3 days.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SHAK shares. Loop Capital upgraded Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price objective on the stock in a report on Tuesday, April 1st. BTIG Research lowered Shake Shack from a "buy" rating to a "neutral" rating in a report on Monday. Barclays decreased their price objective on Shake Shack from $155.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Oppenheimer reduced their price target on Shake Shack from $155.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Raymond James reiterated a "strong-buy" rating and set a $140.00 price target (down previously from $145.00) on shares of Shake Shack in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $115.40.

Insider Buying and Selling at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 10,000 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $130.10, for a total value of $1,301,000.00. Following the transaction, the director now owns 396,636 shares in the company, valued at approximately $51,602,343.60. This trade represents a 2.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 20,180 shares of company stock worth $2,622,709. Corporate insiders own 9.73% of the company's stock.

Hedge Funds Weigh In On Shake Shack

Several institutional investors have recently bought and sold shares of the company. Strs Ohio acquired a new position in Shake Shack in the 1st quarter valued at about $5,713,000. Geneos Wealth Management Inc. acquired a new position in Shake Shack in the 1st quarter valued at about $26,000. Intech Investment Management LLC grew its position in Shake Shack by 53.4% in the 1st quarter. Intech Investment Management LLC now owns 148,768 shares of the company's stock valued at $13,117,000 after acquiring an additional 51,760 shares in the last quarter. Glenview Trust co acquired a new position in Shake Shack in the 1st quarter valued at about $602,000. Finally, Bayforest Capital Ltd grew its position in shares of Shake Shack by 107.9% during the first quarter. Bayforest Capital Ltd now owns 3,767 shares of the company's stock worth $332,000 after buying an additional 1,955 shares in the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Shake Shack Trading Down 0.4%

NYSE:SHAK traded down $0.46 during trading hours on Wednesday, reaching $127.04. 977,054 shares of the stock were exchanged, compared to its average volume of 1,167,469. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $99.70 and a two-hundred day moving average of $110.80. Shake Shack has a twelve month low of $72.93 and a twelve month high of $139.89. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 552.35 and a beta of 1.61.

Shake Shack (NYSE:SHAK - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $320.90 million during the quarter, compared to analyst estimates of $330.24 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The business's revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. On average, equities analysts predict that Shake Shack will post 1.26 EPS for the current year.

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.

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